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We did the maths: What you can buy with Alan Joyce’s salary

By Cameron Micallef · September 20 2019
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egg

Earn

We did the maths: What you can buy with Alan Joyce’s salary

By Cameron Micallef
September 20 2019
Reading:
egg
Qantas CEO Alan Joyce

We did the maths: What you can buy with Alan Joyce’s salary

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By Cameron Micallef · September 20 2019
Reading:
egg
Qantas CEO Alan Joyce

With this week’s revelation that Qantas CEO Alan Joyce pocketed $23,876,351 over the 2017-18 financial year, nestegg has crunched the numbers to find out not only how his salary breaks down, but also what you could buy with it.

While it’s highly likely that Mr Joyce works far harder, and far longer than the standard 40-hour week, we’ve done our calculations based off the full-time working week. We also haven’t looked at how such a huge salary would be affected by tax.

What does a minute in the life of Mr Joyce buy?

The Qantas CEO makes approximately $191 a minute.

  • Mr Joyce can buy a massage and full-body scrub at Sydney’s Sol Spa Vaucluse for just over one minute’s pay.
  • According to Red Balloon, Mr Joyce could also have a five-course chef-hatted degustation for two in Queensland or a five-course tasting menu by the harbour with wine for two in Sydney. 
  • One minute of the CEO’s time could even be swapped for a 50ml bottle of N°5 Eau de Parfum. 

What does an hour in the life of Mr Joyce buy?

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The Qantas CEO makes approximately $11,479 per hour.

  • According to Flight Centre, Mr Joyce could fly roundtrip in first class to Singapore, or one way to London, with just an hour of his pay, even though that’s surely one of the perks of heading up an airline anyway!
  • Mr Joyce could wine and dine four of his closest friends every hour at one of the world’s most expensive restaurants, Sublimotion Spain, at a cost of $2,173 per person.
  • The CEO could also spend up to four nights in the penthouse at Las Vegas’ MGM Resort, depending on the time of year. 

What does a day in the life of Mr Joyce buy?

In just one working day, the Australian CEO makes approximately $91,832.

  • This could see Mr Joyce able to purchase a Range Rover: the 2019 base model costs $89,000.
  • According to Earth Trekkers, couples can travel in luxury for $40,000 to $50,000 a year. In real terms, the CEO and a guest could travel the world, well, for just one day’s pay.
  • One working day would also give Mr Joyce the funds needed to splurge on a Tiffany & Co Colombian Emerald and Diamond Ring or a Black Opal 20.56-carat necklace. 

What does a week in the life of Mr Joyce buy?

Taking his bonuses into account, Mr Joyce takes home approximately $459,160 a week.

  • This amount is more than what’s needed to break the record for the most expensive bottle of wine ever sold, a bottle of Château Cheval Blanc 1947, which sold for $A350,869.42. 
  • Mr Joyce could definitely buy himself a brand-new Aston Martin DB11, and almost afford a second one at the same time! The sports car would set him back $250,000. 
  • But who needs to drive when you could fly? His week’s wage would be enough for a two-seater helicopter.

What does a month in the life of Mr Joyce buy?

Each month, the CEO’s salary would see him earning approximately $1,989,695.

  • It’s almost enough for a Bugatti Veyron 16.4 Grand Sport.
  • For just $1.45 million, the CEO could afford a luxury 24.8m yacht.
  • For a bit of perspective, it would also be enough money for him to buy a place with CBD views in Balmain East, live well in Melbourne’s CBD or buy prestige in both Brisbane and Adelaide. 

What does a year in the life of Mr Joyce buy?

As highlighted by the Australian Council of Superannuation Investors, Mr Joyce pocketed $23,876,351 in one year alone. So how could you spend his yearly wage?

  • One year of Mr Joyce’s salary buys a six-bedroom Vaucluse home, a 1930s Bellevue Hills historic property or $23.7 million Mosman mansion. It’ll also buy real estate in New York: a luxury Central Park Tower property.
  • Unfortunately, for that price, you have to settle for the sixth most expensive watch: a Jacob & Co Billionaire watch.
  • And despite the perks of flying Qantas that surely come with the top job, that kind of salary can afford you a private jet. 

nestegg recently revealed the salaries of Australia’s top CEOs.

We did the maths: What you can buy with Alan Joyce’s salary
Qantas CEO Alan Joyce
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About the author

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.

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About the author

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

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