How Much Is 8 Figures? Best Jobs and Ways to Earn 8-Figure Salary

Have you ever imagined earning a paycheck of 8 figures a year? That might get you thinking: how much is 8 figures, really? And just how could you earn that much?

Income disparity is common throughout the world. You may see individuals from different walks of life earning variable incomes from different sources. Some earn 4 or 5 figures, while others earn 6, 7, 8, 9, or even a 10-figure income.

When people talk about their annual salary or wages, they mention it in terms of figures.  But, if someone says they earn 8 figures, have you wondered what it means?

This article may be helpful if that question has ever crossed your mind. Read on as we discuss what an 8-figure means and the 8-figure income range. We will also discuss a few ways to make money in such a quantity.

How Much Is 8 Figures?

Simply speaking, a number with 8 digits is called 8 figures. By this definition, an 8-figure income would be between an amount equal to or higher than 10,000,000 million dollars and equal to or less than $99,999,999.

An individual earning $25,000,000 has an 8-figure income. Similarly, an individual earning $88,000,000 also has an 8-figure income. Thus, you have an 8-figure income when your gross annual income (before tax deductions) is above $10,000,000 and below $100,000,000.

People with an 8-figure income are multimillionaires and may have accumulated this wealth through high-profile, high-paying occupations or an extremely lucrative business. However, in most instances, individuals can earn this much through multiple income streams like investment portfolios, stocks, brand endorsements, etc.

When someone says their income is 8 figures, it could mean different amounts of total compensation. Someone may have a $10,000,000 income at the lower end of the spectrum, while someone may be worth close to $90,000,000 total annual income.

All multimillionaires are, therefore, not equal. A person earning close to $99,000,000 has a significantly higher income than someone earning close to $10,000,000.

In the subsequent sections, we have explored the possible ranges within an 8-figure income and described what it means for a low, mid, or high 8-figure income.

How Much Is Low 8 Figures?

A low 8-figure income would range between $10,000,000 and $30,000,000.

For example, if someone earns around $28,000,000, their income is in the low 8 figures.

How Much Is Mid 8 Figures?

The median value of an 8-figure income is $50,000,000. When we consider the mid-8 figures income range, it would be somewhere between $40,000,000 and $60,000,000.

Thus, if someone earns an income of $45,000,000, they are earning a mid-8-figure income.

How Much Is High 8 Figures?

At the top of the pyramid are the individuals with a high 8-figure income. A high 8-figure income range would be between $70,000,000 and $99,999,999.

For instance, if a person earns around $82,000,000, their income is high, 8 figures.

Who Earns 8 Figures?

It wouldn’t be wrong to say that individuals earning an 8-figure income are the best of the best. These individuals are so amazing at what they do that they can amass such wealth. They are most likely working in a field where they can earn a lot of money for their employers, or they are the employers and making lucrative business decisions.

You may have several inspirational stories of individuals in the multimillion or billionaire category. Most of these individuals are self-made and were lucky to make a decision that turned things in their favor and enabled them to earn tons of money.

Note that getting a job that can give you an 8-figure income is quite rare, which is why a select group of individuals can earn this much. Such income is reserved for individuals at the very top of large-scale organizations, like unicorn start-up founders, hedge fund managers, or CEOs of Fortune 500 businesses.

Some individuals also possess a unique and remarkable talent that makes them extremely wealthy. Such people include popular celebrities from the movie and music industry, entertainers, successful athletes, etc.

Here are a few high-paying jobs that can earn 8 figures a year.

CEOs

As suggested earlier, CEOs of large conglomerates or Fortune 500 companies usually earn 8 figures per year.

Here are some of the highest-paid CEOs in the 8-figure category:

• NIKE, Inc.’s John Donahoe II amassed an impressive $53.5 million last year.
• Last year, David Zaslav, CEO of Warner Bros. Discovery, made $71 million.
• Chris Nassetta, the CEO of Hilton, earned $23,285,248 million in the same year.

Professional Athletes

You may be surprised at how many professional athletes have 8-figure incomes. The assessment is based on the overall compensation given to the player, including their salaries, bonuses if any, and the prize money if they win.

Some professional athletes even earn more than 10 million in a year.

• Neymar (Soccer) earned $95 million
• Stephen Curry (NBA) earned $92.8 million
• Kevin Durant (NBA) earned $92.1 million
• Roger Federer (tennis) earned $90.7million

Individuals From the Entertainment Industry

It is remarkable how these talented individuals have leveraged their skills and amassed impressive wealth over the years. For some, it was the result of years of hard work, perseverance, and determination, while for others, lady luck smiled at them and made them instant hits.

So, here are a few individuals with 8-figure incomes:

• Tyler Perry earned $97 million
• Howard Stern earned $90 million
• Dwayne Johnson earned $87.5 million
• Ellen DeGeneres earned $84 million

Social Media/Influencers 

You may already have an idea of how the trend of influencer marketing has spread so widely. Social media is now more powerful than ever, and numerous individuals have leveraged the various platforms to earn massive amounts of money.

Here are a few individuals who have only earned a multimillion-dollar income from YouTube.

• Stevie John/Blippi makes educational and entertaining videos for kids and earned $40 million.
• Logan Paul makes comedy videos and earned $35 million.
• Ryan Kaji makes entertaining toy review videos and earned $22 million.

Is an 8-figure Salary Good?

An 8-figure salary is not only good; it is remarkable. If you earn such income, you are among the few individuals with such wealth.

According to a report, an estimated 1,456,336 US households have a net worth of at least $10 million. Only 0.075% of households have an income of $50 million and up, as the percentage declines when you move up the financial ladder.

If you earn 8 figures, you can easily afford a luxurious lifestyle. Unless you are extremely reckless and get stuck in a vicious cycle, you can lead a very comfortable life.

Regardless of how much you earn, spending and investing wisely makes sense so that your hard-earned money does not go to waste and you can build more wealth. Make good use of the money and keep track of all you spend.

What Are 8-Figure Salary Jobs?

By now, you have a fair idea of the professions and jobs that can bring an 8-figure income. But we have listed them again for you.

Here is the list of jobs that can give you an 8-figure salary:

• CEOs
• Executives of highly profitable organizations, including COOs, CTOs, CFOs, etc., can earn 8-figure incomes. For instance, Mark Zuckerberg, CEO of Facebook/Meta, earned $26 million last year.
• Hedge fund managers
• YouTubers
• Professional athletes
• Movie stars or musicians
• Successful entrepreneurs

Best Way to Earn 8 Figures

Your income is as good as the way you spend it. If you amass massive wealth but do not spend it wisely and make reckless choices, no amount of money will suffice, and you will always be wanting for more.

However, if you are ambitious and aspire to earn 8 figures, you must consider that an 8-figure income is not an amount you can instantly earn unless you hit the jackpot. You need to work your way up for it and stay determined.

You can start a part-time lucrative side hustle without quitting your day job and making money online. Consider the following:

• Participate in online surveys by signing up on these platforms.
  • With SurveyJunkie, you can earn more than $20 per survey. Get the details on our full Survey Junkie review and start now.
  • You get a welcome gift when you join InboxDollars. Use our link when you sign up and get an instant $5. For more information, read our InboxDollars review.
  • Swagbucks is not just about doing surveys; you can earn money by watching videos, shopping online for cashback, etc. Check out our entire Swagbucks review.
• If you can drive and have your own vehicle, you can be an on-call driver with Uber or Lyft. Make a decent amount by driving passengers within your area.
• Get paid to do food delivery. Check out our review about competing gig sites DoorDash vs. Postmates, or check out our detailed DoorDash review.
• Earn additional income through online job platforms like websites like Upwork, sites like Craigslist, and Fiverr. Examples include freelance writing, proofreading, video editing, etc.
• Make extra money through short-term gigs like babysitting, pet-sitting, data entry, and online tutoring.

Alternatively, you can work at skill-building and improving your resume to get ahead of your peers and stand out to identify you as a potential success.

It is not wrong to set high goals, but you will need to pursue them aggressively to get ahead of others.

Frequently Asked Questions (FAQs) – How Much Is 8 Figures?

How Much Is 8 Figures a Year?

8 figures a year implies a yearly income between $10,000,000 and $99,999,999. A multimillion-dollar gross income can translate into a 7-figure monthly income, which is impressive.

How Much Is 8 Figures a Month?

8 figures a month refers to an income of $10,000,000 to $99,999,999 per month, which is very rare unless someone is a multibillionaire.

However, if we only assume an annual income of 8 figures, the monthly income would be different. If an individual earns $60,000,000 annually, their monthly income would be $5 million.

How Much Is 8 Figures a Week?

8 figures a week refers to an income of $10,000,000-$99,999,999 per week, an extremely rare occurrence.

However, if we only assume an annual income of 8 figures, the weekly income would be different.

For example, if an individual earns $60 million annually, their weekly income would be $1.15 million ($60 million divided by 52 weeks).

How Much Is 8 Figures a Day?

8 figures a week refers to an income of $10,000,000-$99,999,999 per week, which would be extremely rare to the point of being unlikely.

However, if we only assume an annual income of 8 figures, the daily income would differ.

For instance, if an individual earns $60 million annually, their daily income would be around $230,769. This calculation is based on the assumption that a year has 260 working days.

Conclusion – Just How Much Is 8 Figures?

So, how much is 8 figures exactly? It ranges from a low $10,000,000 to a high $99,999,999 (almost $100 million!). If earned annually, 8 figures would give you a monthly income between $833,333 to $8,333,333.

This is possible if you’re in the billionaires’ league of Elon Musk, Bill Gates, and the company, enjoying an 8-figure salary. Unless you’ve hit the jackpot by inheriting billion-dollar companies from your late Uncle Scrooge, earning 8 figures would be a fantasy of living a luxurious life.

But, you could transform this fancy into an inspiring challenge to increase your earning power and eventually find your own financial empowerment, whatever X-figure that may be. Keep the faith!

If you want to read more about other income ranges, here are related reads:

• How Much Is 4 Figures?
• How Much Is 6 Figures?

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Previously Published on radicalfire.com.

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