My dad has run a skylight installation business since 1979, and at least over the past 30 years, has kept a payroll of about 10 employees.
His business grosses about $2M per year, apparently after payroll and supplies he nets $500k. He was claiming something like $300k back when my mom stopped working in the late 90s.
For some odd reason, my folks have next to nothing to show for it, at least not to retire comfortably as he's about to turn 75. They dson't live extravagantly aside from going on a few nice vacations a year that might total $30k. The condo they rent is $3500 month. They mostly eat at home or family style restaurants. They have a couple used Audi A4s w/ lease/insurance/gas maybe $2k total per month. You'd break even making maybe $180k
Even being extraordinarily bad w/ money, there is no conceivable way my father makes more than half what he claims.