How do you calculate net worth?
Calculating your net worth requires you to take an inventory of what you own, as well as your outstanding debt. And when we say own, we include assets that you may still be paying for, such as a car or a house.For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth. Basically, the formula is: ASSETS - LIABILITIES = NET WORTH
And by the way, your income is not included in a net worth calculation. A person can bring home a big paycheck but have a low net worth if they spend most of their money. On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers. According to Forbes Africa , Forbes Nigerian , Forbes Ghana , Forbes South Africa
American Celebrity Net Worth
Who are the richest celebrities in the America? Madonna, Paul McCartney, Oprah… now maybe Kanye West???!!! You'll definitely recognize every name on this list of incredibly wealthy celebrities, Biography but their actual net worth fortunes will raise some eyebrows.Kanye West Net Worth Kid Rock Net Worth Akon Net Worth