What is Net Worth? Uses of Net Worth

Introduction

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.

Description/Uses

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.

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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.

Carlos Beltrán Net Worth 2021: $80 Million

Carlos Beltrán is a professional baseball player, he is better known as a baseball outfielder for the Houston Astros of Major League Baseball and now according to different sources, his total net worth is $ 80 million.

The professional baseball player Carlos Beltrán was born in Manatí, Puerto Rico on April 24, 1977; During his childhood he was interested in sports, his favourite games at that age were both volleyball and baseball, but he left volleyball at the request of his father.

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He continued to play baseball when he was just 17 years old and completed his graduation from Fernando Callejo High School, while now he is considered one of the best players in the world.

In the Major League Baseball draft, Carlos was selected second by the Kansas City Royals in 1995, this was a successful start for him.

He later signed a contract with the Gulf Coast Royals of the rookie-level Gulf Coast League, where Beltran set many all-time records for his franchise and then, due to his exceptional work, was awarded the Rookie of the Year award from the American League.

During his baseball career, he has earned through his salary about $ 160 million, according to reports from 2009 to 2010, he earned the highest salary of $ 19.4 million from the New York Mets.

He was also included in the 30-30 club, which was a proud moment for him and now Carlos is considered one of the richest players in the world.

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Beltrán has won several awards throughout his baseball career, while some of them are; American League Rookie of the Year, Baseball America Rookie of the Year, Fielding Bible Award, Major League Baseball All-Star, Major League Baseball Player of the Month Award, Players Choice Awards for Outstanding Rookie, Roberto Clemente Award and many others.