For example: I have read that Oprah Winfrey is worth £760 m. What exactly does this include? Has she an disposable income of £760 million? Is is tied up in shares or in business to which she does not necessarily have exclusive or immediate access?
2007-01-19 20:26:08 · 8 answers · asked by indiana 1 in Business & Finance ➔ Personal Finance
it means net worth. it means that if oprah winfrey is "worth" 760 english pounds, that that is the amount of money that is hers, no matter what form it is in (even in real estate)--that is not attached by debt.
gross worth is what you are "worth," but when you subtract liabilities, such as a mortgage that is 95% of the value of your house, the "worth" that you have is that 5% that is left over.
net worth = everything that you own, minus all debts and liabilities.
yes, it may be that it is in cash. it may not be. if it is not, then oprah would not have a hard time getting it converted to cash--non cash assets can be sold. the reason is that nothing is held against the asset(s) that must be paid back.
2007-01-19 20:39:15 · answer #1 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
Not sure about Oprah Winfrey but Sweaty Betty certainly aint worth the £20 she charges.
2007-01-19 20:54:33 · answer #2 · answered by stevewiseman 3 · 0⤊ 1⤋
You have not herd about the thing that shines bright like a diamond. In every economics textbook,it's called the story of diamond and water. Paper and ink has less total utility like diamond, but its marginal utility is overwhelming. You have to work so hard to earn it. And you cannot trust even the "IN GOD WE TRUST" on it,even you're a Christian.
2016-05-24 00:05:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is total assets (property, cash, investments, etc...) minus all liabilities such as mortgages, debts, etc... For example - if you have a property worth £100K plus other assets and investments totalling £20K, but a mortgage for £80K and loans of £15K, then you're worth £25K.
2007-01-19 20:40:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A persons net worth basically refers to their assets.
These can be property, investments, companies, shares, contracts, sponsership deals etc. Usually very little of it is actual cash.
2007-01-19 20:32:01 · answer #5 · answered by The Wandering Blade 4 · 1⤊ 0⤋
You would need to ask Ms Winfrey this question as she is the only person qualified to answer.
2007-01-19 20:30:28 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Everything she has (Houses, Cars, Shoes, Stocks and so on) is worth $760,000,000.00 USD.
2007-01-20 18:49:04 · answer #7 · answered by Anonymous · 0⤊ 1⤋
not just money they have its tied up in everything they own too.
2007-01-19 20:32:56 · answer #8 · answered by charlie 3 · 0⤊ 0⤋