How do you evaluate the worth of a person ?

Question

for example, bill gates .... how do you evaluate his worth ??? on the total he contributes to microsoft ?? or the assets he have ??

Answer 1

Calculating a person's worth in financial terms, is to take your total Assets minus total Liabilities equal to Net Worth.

Assets are:
1). cash and cash equivalents, such as Certificates of Deposit, money market accounts, bank accounts
2). investments, such as stocks, bonds, mutual funds, savings bonds
3). retirement funds, such as 401(k) or 403(b) plans, IRAs, company pension plans, including only the amounts you are fully vested in
4). real estate, including your home, if you own it, and any other real estate or personal property such as boats, cars, RVs, planes
5). household goods, such as furnishings, jewelry, furs, collectibles, antiques. Use the estimated fair market value, which may be more or less than what you paid for the item. Fair market value is "the price a willing, rational, and knowledgeable buyer would pay." For cars, use the blue book value.

Liabilities are:
1). loans, including your mortgage, if you have one, student loans, bank loans, car loans
2). credit card balances, including major bank cards like Visa or MasterCard; department store cards, gas cards
3). taxes owed, such as real estate taxes or income taxes
4). any miscellaneous amounts that you owe

Total assets - total liabilities= total worth

Answer 2

assets - liabilities = net worth.

Answer 3

Wealth statement, submitted to tax authority, is the authentic record of wealth.

Answer 4

add up all his or your assets and then subtract your liablities.
assets are cars houses cash, liablities are car loans debt,

Answer 5

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