What is Net Worth? Uses of Net Worth
Net Worth is the combination of two words (Net Worth) that carry equally meaning. It is mostly referred to as financial assets. Nut Net Worth is about financial or Non-Financial assets that are owned by an individual or by a company or firm. Mostly this word is used for most famous persons like singers, politicians, businessmen and many more.
But the main purpose of this statement is to collecting, analyzing and summarizing assets that are owned by one person or company. It is also for annual balance sheets and income statement preparation. So it plays an important role in legal documents. Additionally, it is also shown that how much a person is rich? It includes all assets like houses, cars and bank balances.
It is also used to show the assets and liabilities of a person. It also helps the government to record the data about national wealth. It also controls the illegal activities of wealth in the country. Every famous person is responsible to submit it every year to the government for his records monitoring. It also helps to make the tax ratio according to people’s wealth power. It shows the nation’s wealth correctly. So it can be said that Net Worth is an important document or statement which helps the peoples and government institution to maintain wealth in the country.
Birdman Net Worth 2020: $180 Million
Birdman is known as one of the best rappers in the United States, he is an American singer, businessman, and record producer; He faced many legal problems at an early age and now his total net worth is, according to many sources, $180 Million.
Bryan Christopher Williams is known by his stage name Birdman, he was born in New Orleans, Louisiana, USA. The USA On February 15, 1969; When he was 2 years old, his mother died while his father also died in a car accident when he was 27 years old in 1996, he later faced many problems.
He lived a long time without a home, he was arrested in a case of drug sales and robberies that he committed at the age of 16 and 18.
The American rapper founded the Cash Money Records company in 1989 with the help of his brother Ronald Williams, before 2000 he achieved platinum status for his many albums that were released with many co-signers such as Lil Wayne and Juvenile, while now consider it one. of the best rappers in the state.
With his brother, he made a distribution agreement through his company with Universal Records for $ 30 million, which was his great achievement.
It was the beginning of a new era for his company, later his company grew after association with Lil Wayne, who is a hip hop artist.
After this, they released many albums and singles in collaboration with many famous singers such as Nicki Minaj, Drake, DJ Khaled and Limp Bizkit.
With his brother, he founded an oil company to spread oil across the United States, receiving various awards such as the BET Viewer’s Choice Award in 2007 and the BET Hip-Hop Alltel Wireless People’s Champ Award.