Tag: richest

Celebrity net worth: what does net worth mean

Celebrity net worth is always has been an interesting topic for people. Not only the common people but also the celebrity in the same category wants to know about the other celebrity’s net worth, out of curiosity and competition. You must know that a celebrity net worth and his or her rank and position are not same or related to each other. In short, a celebrity’s net worth is the only things that he owns; whereas his/her rank and position shows how nicely they are working in their profession. To know more about net worth here are some easy points to remember:

The term celebrity net worth:
Net worth doesn’t mean the cash a person has. To know a person’s net worth, there is some more calculation such as:
• The assets:
Assets are the thing which a person owns. Such as his house, vehicle, bank balance, retirement savings, property, lands, a number ofinvestments, etc. now to know the richest celebrities or to count a celeb’s assets you have to calculate all these thing’s values together.
• Liabilities:
Liabilities refer to the debits or expenses one has to do. The personal or official loans, credit card bills are all comes in the list of liabilities. Calculating the debts is not an easy math, so you may have to take an expert’s help in this case.

• Now the net worth:
After all these calculation this is the last step you have to follow, and that is to subtract the liabilities from the person’s assets. And the number you get is the net worth of a celebrity or every other person in the world. Now with this number, you can able to understand the richest celebrities in the world. And as this is not an easy task to do you can get the information from sites like richest celebrities wiki to know about the net worth of your favorite celebrities.