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.
Dr Dre Net Worth 2021: $820 Million
Dr Dre is an American singer, songwriter, record producer, businessman, and actor; He started his career as a member of World Class Wreckin ‘Cru, known as the first rap group and now his total net worth is $820 million.
The American singer was born on February 18, 1965, in Compton, California; He gained his fame when he joined the gangsta rap group NWA with Eazy-E, Ice Cube, MC Ren and DJ Yella, who was popular at the time for rapping lyrics that dealt with street life and released his first debut album in 2002. The Chronic is the cause of its commercial success.
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Dre released his second album Doggystyle in 2002 under Death Records, which went double platinum on Billboards. released his album after making his own Aftermath Entertainment production house, Dr Dre Presents the Aftermath in 1996 and then released his solo album called 2001 in 1999.
When Dre signed with Dr Dre signed with Eminem in 1998 and 50 Cent in 2002 with his record label, this was the beginning of his new life because after this he gained a lot of fame and according to Forbes, Dre is the third richest young celebrity.
The American singer has made several films as he debuted as an arms dealer in the movie Set It Off, The Wash, Training Day, apart from all that he presented himself as an entrepreneur in 2008 with his new production as headphones “Beats”. and Apple is reported to have paid around $ 3 billion for its Beats-branded headphones.
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Dr Dre has received many awards including the Hustler of the Year Award, Best Solo Rap Performance, Best Rap Performance by a Duo or Group, multiple Grammy Awards, and the Vibe Legend Award.