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We heard that Richard will not receive full $ 1Mn at once but over a period of four decades. Can someone please clarify.
He can choose a lump sum payout or $25000 per year for 40 years. And don’t forget the government will take just under half in federal and state taxes.
@@RonM-fr8ft $25K per year for 40 years?! Hardly seems worth it. Not to downplay him winning, because he definitely deserved to win it all.
@@StarFighters76 He may go on tour or accept one of many other offers. He will make all the money he wants. I wouldn’t be surprised if he joins the Journey tour.
He has such a beautiful voice.
We heard that Richard will not receive full $ 1Mn at once but over a period of four decades. Can someone please clarify.
He can choose a lump sum payout or $25000 per year for 40 years. And don’t forget the government will take just under half in federal and state taxes.
@@RonM-fr8ft $25K per year for 40 years?! Hardly seems worth it. Not to downplay him winning, because he definitely deserved to win it all.
@@StarFighters76 He may go on tour or accept one of many other offers. He will make all the money he wants. I wouldn’t be surprised if he joins the Journey tour.
He has such a beautiful voice.