What is a Net Worth?<\/strong><\/h3>\nIt 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.<\/p>\n
Formula:<\/strong><\/p>\nNet Worth = Assets \u2013 Liabilities<\/p>\n
A little more into Net Worth Concept:<\/strong><\/p>\nNet 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.,)<\/p>\n
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.<\/p>\n
It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.<\/p>\n
What does a Net Worth Mean to a person?<\/strong><\/h3>\nIn 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.<\/p>\n
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.<\/p>\n
For example:<\/strong><\/p>\nConsider 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
\n$150000 and an outstanding car loan $15000 to be paid.<\/p>\n
Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) \u2013 ($150000+$15000)
\n= ($535000 ) \u2013 ($165000)
\n= $370000<\/p>\n
Assuming Ramu Johnson’s financial position after five years as follows \u2013
\nHouse value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).<\/p>\n
The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) \u2013 ($120000)
\n= $595000 – $120000
\n= $475000<\/p>\n
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.<\/p>\n
Note that, an individual’s net worth can be negative if his asset base is less than liabilities.<\/p>\n
What does net worth mean for celebrities?<\/strong><\/h3>\nMost often celebrities fall under High Net worth Individuals. And what does HNWI mean?<\/p>\n
People with considerable net worth as called as HNWI.<\/p>\n
Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.<\/p>\n
As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.<\/p>\n
Is 401k part of net worth?<\/strong><\/h3>\nAs 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.<\/p>\n
What is the average American net worth?<\/strong><\/h3>\nLike 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.<\/p>\n
As on quarter 1 2014, America’s financial position =
\nAssets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.<\/p>\n
What is a good net worth by age?<\/strong><\/h3>\n\n\n\n\n\tAge of Household<\/th> | Median Net Worth<\/th>\n<\/tr>\n<\/thead>\n |
\n\n\tUnder 35 years <\/td> | $6,900<\/td>\n<\/tr>\n |
\n\t35 to 44 years <\/td> | $45,740<\/td>\n<\/tr>\n |
\n\t45 to 54 years<\/td> | $100,404<\/td>\n<\/tr>\n |
\n\t55 \u2013 64 years<\/td> | $164,498<\/td>\n<\/tr>\n |
\n\t65 \u2013 69 years<\/td> | $193,833<\/td>\n<\/tr>\n |
\n\t70 \u2013 74 years<\/td> | $225,390<\/td>\n<\/tr>\n |
\n\t65 \u2013 75 Years<\/td> | $202,950<\/td>\n<\/tr>\n |
\n\t75 + Years<\/td> | $197,758<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\nWhat is the net worth of the top 1%, 5%, 10%?<\/strong><\/h3>\nAs in America, wealth distribution is as follows \nRichest 1% of the population owned 35% of the country’s total wealth \nRichest 5% of the population owned 11% of the country’s total wealth \nRichest 10% of the population owned 12% of the country’s total wealth<\/p>\n Houses and cars of Kim Kardashian<\/strong><\/h2>\n <\/p>\n
Keeping up with the Kardashian means also keeping up with their mansions. Kim and Kanye first lived in their Bel-Air mansion a year after they got married. It has six bedrooms and eight bedrooms. They however, sold it in 2017 after spending almost $6M for renovation. At present, they live in their all-beige, 8-bedroom, 10-bathroom minimalist mansion located in Hidden Hills, California.<\/p>\n <\/p>\n
For her car collection, Kim personally owns a Cadillac Escalade, a Ferrari 458 Italia, a Mercedes Maybach, a Range Rover HSE, a Rolls-Royce Phantom and Ghost, a Mercedes Benz G63, a Lamborghini Gallardo, a Bentley Continental, a Maserati Granturismo, and a Prombron Red Diamond (she and Kanye each own one Red Diamond).<\/p>\n Success lessons from Kim Kardashian<\/strong><\/h2>\nBe unique and take risky moves.<\/strong><\/h3>\nKnown to have upstarted her career through a controversial sextape, believe Kim when she says that success is all about taking risky moves. She adds to this by saying that you need to partner with successful people, know and own your brand and establish helpful networks along the way.<\/p>\n Tap the power of the media.<\/strong><\/h3>\nKim knows the power of the media more than any person in the world. Along with being strategic with media content, she also says that embracing your fans are key success processes.<\/p>\n Conclusion<\/strong><\/h2>\nWhether you love her or hate her, Kim Kardashian has proven herself in the showbiz industry. She is basically here to stay and slay. She has made use of her influence in expanding the Kardashian empire. Amidst this, she has been an active advocate to change the American prison system and founded charity organizations for victims of Holocaust, and terrorism. With all of these, she is not an annual awardee of America\u2019s Top Self-Made Women for nothing.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Kim Kardashian’s Net Worth in 2019: $370 million Introduction Kim Kardashian is a famous media personality with one of the largest media following through Twitter and Instagram. She is a part of the popular Kardashian-Jenner family through their reality TV show, Keeping Up with the Kardashians. Her life, personal issues, legal battles and controversies are […]<\/p>\n","protected":false},"author":1,"featured_media":1701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[46,50,49,36],"tags":[51],"yoast_head":"\n Kim Kardashian's Net Worth in 2025 - Family, Kids, Siblings, Age, Height, House<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\t\n\t\n\t\n |