just for future reference... Gehry main source of income other than architecture is maintenance. His buildings are complex curves and bends and often cannot be maintained or cleaned by conventional methods... so he's developed a maintenance package through an association with his practice for rigging and scaffolding able to clean the buildings, mainly external facades. He makes that as an ongoing profit for all his buildings for as long as they are standing. Its a money machine. If you include that business he'd eclipse all others by a mile! also firm charges 10-15% of construction cost on fees and thats Gehry Partners. Then Franks time is 4-5% on top of that. so a $500M building has $50-75M in fees (of which frank is a share holder) and he earns personally $20-25M. keeping in mind $500M is an extremely small job for his firm.
I find it amusing how in the office showcase everyone is doing interesting things like experimenting with technology presenting projects or just sketching and doing art when in reality 90% of architects 90% of the time just draw boring repetitive permits or building drawings, coordinate between clients consultants and builders about Mondaine details.
Mike, go rub one out before you go off on a tangent. I watched this at x2 speed and it was still too much fluff. And show less of your face, pretty please? I'm here for architecture. Put in the work and you'll get more subs. Keep to it.
My wife and I are working towards our licensure (her interior design and me architecture), and we both have had a sense that if we don't necessarily want to live entirely in an industry that can be highly prone to boom / bust economies we will need to adapt our artwork to other means of income. For now that has taken form in our paintings, we have dozens covering our apartment on every shelf and surface. Yet, art always seems to be a bit hard to sell, especially at prices that would sustain a healthy side business.
The publications dont really put much income, but rather, their advertisement to their company/individual ideals, to attract attention/reputation/client. Archtects dont earn much frankly speaking, business men do. You can not deny that they are all good business men/women. But, love your video for that you are doing your own research and outputting to the world. This needs confidence and committment. Well done and keep going!!
Hi Architect io! Happy to hear the content was helpful.
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Yeah, I would say you also need a lot of luck because under all these "7" architects at least hundreds if not thousands of underpaid people who aspire to the same "level of income" who wil never reach it, while having the same talent or at least the same experience and diplomas. Starchitects are part of what is wrong with our profession.
Great video! Thanks for putting in the time to make it. As an Architect, I was extremely happy that we were going to have a Norman Foster airport in Mexico City, unfortunately politics stepped in and it was cancelled when it had 30% construction completed!
Thank you, this video helped me see that there is a big difference between a licensed architect and a principal architect firm owner. What I like even more is that an architecture firm can be many, many different things and services.
Wow! So much work has gone into your videos! I just finished PTYA cohort 8 and just starting out. Lots of great things to take from your videos. Have subbed.
Thank you for this video. You open the world for me. I was brainstorming for years and not really know what to do next. I now I will push myself to go further
Actually related to BIG, from a business standpoint it's more profitable to have the structural engineers in-house because the office and can charge a bigger fee and keep the difference between what the it charges and what it pays its employees.
Love this video! It’s so informative and engaging. The graphics and motion editing is great. You got me interested in learning more about these architects’ work. I might start with the book “Yes is more”. Thank you!
Great video and details of all the Architects! Thanks for taking the time to break it down. I have a Degree in Architecture and it's great to see all the variety of work shown! :)
Wait, haven’t some of these architects invested into the buildings they have designed so a lot of the money comes from rental income/sale of these assets?
Loved your video, Ashley. You're pretty eloquent and entertaining. Top video quality and content; I just became a subscriber. One little thing: only some of these architects are the wealthiest; they're just the more trending; notable architects missing are Art Gensler or Bob Hillier, who had some of the largest firms in the world.
Kirungi, fellow Kenyan. The idea is to be good at what one does. I won't throw shade but there's nothing absolutely special skillwise that doesn't exist here in Kenya and Africa at large. Maybe just a big name.
Awesome Video!! more motivation for architects and designers!! perhaps the title should refer to net worth instead of income? for example, Norman Foster annual income is about $2.6 million a year, highest paid. net worth of entire business is 240 million.
Thank you Ms for such an insightful and informative video. Hope to see more contents alike in the near future. Your compilation is very inspiring and straightforward, very thorough and practical. Thank you
Hi Ashley, I'm an arctect like you and working in small city of Sicily's island south Italy, I relly like your video it's my first time see you, and I'm very impressived about your courage to talk about the income of these so famos architects "archistar", so if you like, I would like to collaborate with you, in some argument archtectural from my bordline place in the central of the mediterranean sea, thanks!
I aggree, i was expecting more facts about the mechanisms of income. Also, it would be interesting to know what kind of economical background they come from. In this context they are not mainly architects, but business people operating within the industry of architecture.
You are referring about lifetime gross revenue? That would explain the high revenue figure for Safdie, which has been around for many decades but does limited projects today. It would be even more interesting to know annual NET revenue divided among each of the sources of income. Thanks for you research. --RSC
Aspiring Architect here! edit: that's wow and I wanna try someday this has 225K views in 1 year 6/23/24 done 7:39pm Thank you I saw this video of yours, I love it!
