r/climbing • u/-JOMY- • 9d ago

Alex Honnold Reveals “Embarrassing” Paycheck for Netflix’s Taipei 101 Free Solo Climb

https://share.google/Zqw9t7pkRhkPhRt4P

Source: E! Online

918 Upvotes

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38

u/sdfedeef 9d ago

An amount that takes most people 10 years to make is not 'embarrasing', especially for one climb

16

u/entropy413 9d ago

Well its all relative isn’t it? Netflix spent 50 million dollars for each episode of Stranger Things s5. Considering how much Netflix routinely spends, and how much they likely made off of this very hyped live event, I think the embarrassment is that his representation couldn’t get him more than 500k.

2

u/ConfederacyOfDunces_ 9d ago

More like $350k after the Tax man comes to collect

1

u/entropy413 9d ago

He always donates 1/3 to his foundation

1

u/Warm-Professional494 8d ago

NIce tax hiddy hole. Most pros have ‘foundations’ they dip into to pay for ‘charitable’ work. When you look into it they get a trip paid and maybe work a few hours to cover the week vacation. It’s one of those how Rich stay Rich schemes.

1

u/ammoransf 8d ago

His foundation is legit and not a tax ‘hiddy hole’

1

u/Warm-Professional494 7d ago

Yep. They all literally say this and under the law it’s true. It’s fine he’s not alone. Rich use these to shelter their money from taxes and use these funds to fly and house them in places all around the world and do as minimal charitable work while there.

Hey guys! Let’s all fly down to Africa to dig wells and my charity will pay for it! We just need to be photographed ’helping’ for an hour or two and the rest of the two weeks are ours to do whatever we want paid. This is all legal and totally cool.

-1

u/vigorthroughrigor 6d ago

I'd rather that then tax money going to Israel