- Joined
- Aug 12, 2007
- Messages
- 436
Rep Bank
$540
$540
User Power: 14%
Well as the title suggests, MGA Entertainment (there is a thread with a video about the company somewhere on the site, they make the Bratz dolls), was founded by Isaac Larian; I read that as of 2006, the company had $2 billion in revenue. It has 1,000 employees. It says on Wikipedia that Larian is a billionaire, the reason I ask is I did not see him listed on Forbes's list of billionaires, so is that a mistake (he is not a billionaire?), or did Forbes just miss him...? I also ask because it seems some confuse being a billionaire with owning a billion (or multibillion) dollar company. So even though MGA had revenues of $2 billion alone in 2006, would that have been enough to make Larian himself a billionaire?
I figure if on average the 1000 employees are paid $50,000 a piece, that would be around $50 million needed to pay for them, and if on average $100,000 is paid, that would be about $100 million (though I doubt it's that much when averaged) but I have no idea what would be needed to pay for manufacturing the toys themselves. If altogether it was under $1 billion, then I could see Larian keeping the other billion for himself.
Anyone know anymore?
I figure if on average the 1000 employees are paid $50,000 a piece, that would be around $50 million needed to pay for them, and if on average $100,000 is paid, that would be about $100 million (though I doubt it's that much when averaged) but I have no idea what would be needed to pay for manufacturing the toys themselves. If altogether it was under $1 billion, then I could see Larian keeping the other billion for himself.
Anyone know anymore?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today