And they account for 42 per cent of the workforce and 40 per cent of the Emirate’s GDPNovember 24, 2015 4:32
Brad Pitt has to ‘balance economics’ just like you
Hollywood star attempts and fails at appearing relatable while talking about how $10 million salaries are a thing of the past.
September 12, 2012 11:12 by Eva Fernandes
Kipp is pleasantly amused by rich people problems, but we can’t help but feel just a tad bit annoyed when said rich people feel their financial troubles are just like the ones us lowly commoners face. Take for instance the comments of Brad Pitt when asked whether Hollywood actors still command a hefty price tag of $10 million (Dh36.73 million): “Yeah, that thing died, that deal’s not flying these days… You take the roles for the roles and you’ve just got to balance economics like everyone does.”
Like everyone does? Err, I don’t think so. When you combine Pitt’s estimated net worth of $150 million (Dh550.9 million) with the $120 million (Dh440 million) his wife-to-be Angelina Jolie and you get a net worth of $270 million (Dh991 million). Granted six-digit salaries bring in problems a class of their own, but Kipp would hardly call it cause for empathy.
Here in the Emirates, despite the change in the economic climate, residents still do not feel their compensation is adequate. A recent Middle East and North Africa Consumer Confidence Index Survey, conducted by Bayt.com, found 50 percent of the respondents to be unhappy with their current compensation: with 68 percent state that their salary has not kept pace with the cost of living. In fact, with school fees increasing by as much as 10 percent, The National reported of some parents resorting to taking out bank loans in order to pay their children’s school fees.
According to the recent National Bonds UAE Savings Index survey only an alarming one percent of residents saying they felt their savings were “more than enough” and 92 percent believe their income will remain the same for the next six months–an income which is well below the $10 million mark and no, Mr.Pitt, that doesn’t mean your financial state is any more relateable to us.