Former UBS asset manager Helmut Jonen earned a salary of over $322,000 (£253,818) annually over a decade ago. However, he quit the bank once his passive income from investment dividends reached north of $257,000, or 80% of his UBS salary. He achieved this milestone at the age of 52.
"This year, I will probably earn over EUR 300,000 (£248,497) in dividends for the first time," the 63-year-old told Business Insider in 2023, adding that his best month was pocketing in over EUR 35,000 from dividends. The ex-banker was planning to survive on earnings from investments early in his career and began investing in the stock market in 1982.
