| Net worth | $8M |
|---|---|
| Date of Birth | October 16, 1997 |
| Place of Birth | Chuo-ku, Osaka, Japan |
| Age | 21 |
| Height | 5ft and 11inches |
| Weight | 70kg |
| Residence | Fort Lauderdale, Florida, USA |
| Nationality | Japanese-American |
| Occupation | Professional tennis player |
| Famous for | 2018 US Open Champion, 2019 Australian Open Champion, 1st in WTA prize money earners |
| Spouse(s) | None |
| Relatives | Mari Osaka (sister and fellow pro tennis player); Tamaki Osaka (mother); Leonard Francois (father) |
| Updated on | Sep 2019 |
Life, Family, Work
Naomi Osaka became a professional tennis player in 2014 when she was only 16 years old. From 2014-2017, she appeared in the World Tennis Association (WTA) finals but always feel short. But with her four consecutive finals appearances, she was awarded by the WTA as Newcomer of the Year in 2015.
Her father was the one who was first inspired by the story of sibling tennis superstars Serena and Venus Williams. When Naomi was five and her sister was seven, their father trained them in tennis and was mentored by prolific tennis coach, Sascha Bajin when she was in high school.
Her road to fame commenced in 2018 during her historic win over childhood tennis idol, Serena Williams, in the 2018 US Open. That year she became the first Japanese and the first Asian Grand Slam champion and gained her first million-dollar check.
In January of this year, she became the first Japanese, the first Asian and the third youngest back-to back Grand Slam champion after she beat Petra Kvitova in a thriller three-set Australian Open.
At the moment, she is ranked 1st in the WTA Tennis Power Ranking, and also 1st in the WTA Top Prize Money Earner. She is ranked 2nd in the Tennis World Power Ranking of 2019 next to Serena Williams and 4th in the highest paid professional tennis player in the world.
She is now the new face of brands such as Nike, Mastercard, Yonex, All Nippon Airways and Nissan among others. She is also expected to be the face for the 2020 Olympics which will be held in Japan.Her personal life is highly private and she has never disclosed any information regarding her dating timeline.
Money Sources
- Aggregated tennis prize earnings from 2014-2019 ($11.5M)
- Brand endorsements (2019 Nike deal, Mastercard, Yones, All Nippon Airways, Nissan, Shiseido, Procter and Gamble and IMG)
Net worth from 2010-2019
- 2010:$590K
- 2011:$640K
- 2012:$850K
- 2013:$990K
- 2014:$1.5M
- 2015:$2M
- 2016:$2.3M
- 2017:$3.8M
- 2018:$6.5M
- 2019:$8M
What does Net Worth Mean?
What is a Net Worth?
It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.
Formula:
Net Worth = Assets – Liabilities
A little more into Net Worth Concept:
Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)
Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.
It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.
What does a Net Worth Mean to a person?
In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.
In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.
For example:
Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.
Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
= $370000
Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).
The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
= $475000
Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.
Note that, an individual’s net worth can be negative if his asset base is less than liabilities.
What does net worth mean for celebrities?
Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?
People with considerable net worth as called as HNWI.
Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.
As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.
Is 401k part of net worth?
As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.
What is the average American net worth?
Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.
As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.
What is a good net worth by age?
| Age of Household | Median Net Worth |
|---|---|
| Under 35 years | $6,900 |
| 35 to 44 years | $45,740 |
| 45 to 54 years | $100,404 |
| 55 – 64 years | $164,498 |
| 65 – 69 years | $193,833 |
| 70 – 74 years | $225,390 |
| 65 – 75 Years | $202,950 |
| 75 + Years | $197,758 |
What is the net worth of the top 1%, 5%, 10%?
As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth
Success lessons from Naomi Osaka
Work on your dreams and see them come true.
She never thought that she could play with her childhood idol in one tennis court one day and all the more that she never imagined that she will beat her in that dream match and make that win the road to her success.
Be humble through it all.
No matter how far you have gone, the key to success is to always be humble and look back. Before 2018, Naomi was not known to the world. Two years and two grand slams after, she is still a typical 21-year-old who loves playing video games and walking around malls alone and with friends. This made her all the more lovable.
