{"id":804269,"date":"2026-10-16T08:18:09","date_gmt":"2026-10-16T08:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/804269\/"},"modified":"2026-10-16T08:18:09","modified_gmt":"2026-10-16T08:18:09","slug":"to-get-into-irelands-top-1-youll-need-e123000-in-disposable-income-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/804269\/","title":{"rendered":"To get into Ireland\u2019s top 1%, you\u2019ll need \u20ac123,000 in disposable income \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">To rank among Ireland\u2019s top 1 per cent of earners, an individual needs to generate \u20ac123,200 of disposable income a year, a new study has revealed.<\/p>\n<p class=\"c-paragraph paywall \">The threshold or entry point to the elite earners category in Ireland is the third highest in the <a href=\"https:\/\/www.irishtimes.com\/tags\/european-union\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/european-union\/\">EU<\/a>, research by Berlin-based DataPulse found.<\/p>\n<p class=\"c-paragraph paywall \">Only <a href=\"https:\/\/www.irishtimes.com\/tags\/luxembourg\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/luxembourg\/\">Luxembourg<\/a> at \u20ac205,420 and <a href=\"https:\/\/www.irishtimes.com\/tags\/denmark\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/denmark\/\">Denmark<\/a> at \u20ac135,389 had higher thresholds. Ireland\u2019s entry point is higher than that of <a href=\"https:\/\/www.irishtimes.com\/tags\/germany\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/germany\/\">Germany<\/a> (\u20ac111,693), the <a href=\"https:\/\/www.irishtimes.com\/tags\/netherlands\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/netherlands\/\">Netherlands<\/a> (\u20ac107,894) and <a href=\"https:\/\/www.irishtimes.com\/tags\/france\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/france\/\">France<\/a> (\u20ac104,743).<\/p>\n<p class=\"c-paragraph paywall \">The findings, which used Eurostat data on disposable income across member states, are part of a wider \u201cEuropean income ladder\u201d study commissioned by lifestyle and travel magazine AMEXcited. <\/p>\n<p class=\"c-paragraph paywall \">It found that Ireland also has the third-highest share of its own population among the EU\u2019s top 1 per cent of earners. <\/p>\n<p class=\"c-paragraph paywall \">Some 2.48 per cent of the Irish population, equating to 134,900 individuals, belong to the EU-wide top 1 per cent category, which has a threshold of \u20ac92,200 of annual disposable income per person after taxes and social contributions.<\/p>\n<p class=\"c-paragraph paywall \">Germany and France together account for about 59 per cent of the EU-wide top 1 per cent by income, with roughly 35 per cent in Germany and 24 per cent in France.<\/p>\n<p class=\"c-paragraph paywall \">The report also measured \u201cthe gap between the middle and the top\u201d. In Ireland, the top 1 per cent earning threshold, \u20ac123,200, was 3\u00bd times the median disposable income of \u20ac35,138.<\/p>\n<p class=\"c-paragraph paywall \">This compares to 5\u00bd times in <a href=\"https:\/\/www.irishtimes.com\/tags\/bulgaria\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/bulgaria\">Bulgaria<\/a> \u2013 the highest \u2013 and just 2.4 times in <a href=\"https:\/\/www.irishtimes.com\/tags\/slovakia\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/slovakia\/\">Slovakia<\/a> \u2013 the lowest. <\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2026\/08\/27\/household-wealth-in-ireland-hits-record-14-trillion\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Household wealth in Ireland hits record \u20ac1.4tnOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">The survey also measured how much EU heads of government and members of national parliaments earn compared to people on median gross incomes in those member states.<\/p>\n<p class=\"c-paragraph paywall \">In Ireland, Taoiseach <a href=\"https:\/\/www.irishtimes.com\/tags\/micheal-martin\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/micheal-martin\/\">Miche\u00e1l Martin<\/a>\u2019s gross salary \u2013 \u20ac256,311 a year \u2013 was five times that of the gross median income at \u20ac51,781.<\/p>\n<p class=\"c-paragraph paywall \">TDs, who get paid \u20ac119,467 a year, earned 2.3 times the gross median income.<\/p>\n<p class=\"c-paragraph paywall \">The German chancellor earns \u20ac333,704 a year, 6.3 times the German median income at \u20ac53,098.<\/p>\n<p class=\"c-paragraph paywall \">Chief executives in EU markets were found to earn between 100 and 700 times median salaries in their respective countries. <\/p>\n<p class=\"c-paragraph paywall \">The best-paid chief executive in Ireland in 2024, according to the report, was Kerry Group chief executive <a href=\"https:\/\/www.irishtimes.com\/tags\/edmond-scanlon\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/edmond-scanlon\/\">Edmond Scanlon<\/a> on \u20ac6 million, which was 117 times median earnings here.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2026\/07\/10\/ceo-pay-in-ireland-in-2025-one-executive-earned-237m\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">CEO pay in Ireland in 2025: One executive earned $237mOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">Separate studies suggest former Flutter chief executive <a href=\"https:\/\/www.irishtimes.com\/tags\/peter-jackson\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/peter-jackson\/\">Peter Jackson<\/a>, who stepped down this year, had a bigger salary than Scanlon. <\/p>\n<p class=\"c-paragraph paywall \">At the very top of the DataPulse chart was Lucian Grainge of Universal Music Group in the Netherlands, on \u20ac41.1 million a year, which was 690 times the national median earnings. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThe best-paid Dutch CEO earns in one year what 690 years of median work would pay,\u201d the report said.<\/p>\n<p class=\"c-paragraph paywall \">The study only considered regular pay components for a single financial year \u2013 base salary, annual bonus, pension and benefits \u2013 and not severance or one-off special awards.<\/p>\n<p class=\"c-paragraph paywall \">When working time instead of salaries is considered, the gap between company chiefs and average workers looks even starker.<\/p>\n<p class=\"c-paragraph paywall \">Grainge reaches the median Dutch gross monthly earnings in about 11 minutes of work, while the chief executive of the German software giant SAP, Christian Klein, reaches the German median income in about 25 minutes. <\/p>\n<p class=\"c-paragraph paywall \">A German full-time employee on the minimum wage, by contrast, would need about 576 years to reach the SAP chief executive\u2019s pay.<\/p>\n","protected":false},"excerpt":{"rendered":"To rank among Ireland\u2019s top 1 per cent of earners, an individual needs to generate \u20ac123,200 of disposable&hellip;\n","protected":false},"author":2,"featured_media":804270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[8797,84,1294,935,126781,819,145,41103,264078,56,54,55],"class_list":["post-804269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-berlin","tag-business","tag-economy","tag-european-union","tag-flutter","tag-france","tag-germany","tag-luxembourg","tag-sap-solutions","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/804269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=804269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/804269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/804270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=804269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=804269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=804269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}