Shane Lowry is an Irish golfer who plays on the European Tour and PGA Tour. As of 2019, Shane Lowry net worth is estimated to be $10 million.
Lowry was born on April 2, 1987, in Westmeath, Ireland. He is the son of footballer Brendan Lowry. Shane started playing golf from an early age at Esker Hills Golf club. He went to Athlone Institute of Technology. As an amateur, he was the 2007 Irish Amateur Close Champion. In 2009, he also won The Irish Open on the European Tour.
After winning The Irish Open, he entered the Official World Golf Ranking as an amateur at No. 168. His ranking then skyrocketed and went to a career-high of sixth in the World Amateur Golf Ranking. After the Irish Open triumph, he was elected to turn professional.
His professional debut came on May 28 at the European Open. His best time as a pro came in November of 2009, when he finished 3rd in the Dunlop Phoenix Tournament. Next year, he finished in fourth place in the Abu Dhabi Golf Championship, moving close to the top-100 of the Official World Golf Ranking.
His first win as a pro came in 2012, at the Portugal Masters. The victory helped him to move further up in the Official Golf Ranking top 100 and made him eligible to compete in the WGC-HSBC Champions. In 2014, Lowry was a runner-up at the BMW PGA Championship. In 2015, he won the WGC-Bridgestone Invitational which helped him for the PGA Tour membership for the 2015-16 season.
In 2017, Lowry was the joint runner-up in the 2017 DP World Tour Championship and runner up in the 2018 Andalucia Valderrama Masters. In 2019, he won the Abu Dhabi HSBC Championship. Lowry is now competing at the 2019 Open Championship where he has a good chance of winning his first majors.
Regarding his personal life, Lowry is married to Wendy Honner. Together, they have a daughter who was born in 2017.
Shane Lowry Net Worth: $10 million
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.
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.
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)
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
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