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.
Jerry Seinfeld Net Worth: $950 Million
Jerry is known as an American actor, producer, television personality, producer, comedian, and writer; He is well known as the creator of the sitcom Seinfeld that ran on NBC and, according to different sources, his total net worth is $950 million.
American one of the best comedians Jerome Allen “Jerry” Seinfeld was born in Brooklyn, New York, on April 29, 1954; his father was an army servant while interested in collecting jokes while serving in World War II, he completed his graduation degree in theatres and communication while later moving to comedy as a standup.
After graduation, he entered the industry as a comedian, after many attempts he was selected for the Rodney Dangerfield HBO special, later in 1980 he starred in the sitcom Benson as a small role, but through this, he obtained Recognition as a delivery man, this was broadcast on ABC news at the time and most of the revenue he earned from his self-titled show.
In 1988 he created one of the best sitcoms of all time, The Seinfeld Chronicles with Larry David, through which he was recognized worldwide, wrote several books, and released his first book Seinlanguage in 2003 which gained great popularity in the United States. United.
He is known as the largest collector of the Porsches, according to an estimate that he has 46, while he has a $ 700,000 Porsche 959; He has appeared in several movies, including on TV screen and they are Eddie, Pros & Cons, The Thing About My Folks, Bee Movie, Top Five, Seinfeld.