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.
Kim Kardashian Net Worth 2020: $900 Million
Kim Kardashian is an American actress, TV personality, model, businesswoman, presenter and producer, she started her career as an assistant in Hollywood and now her total net worth is $900 million in 2020.
The American beauty was born on October 21, 1980, in Los Angeles, California; her father died in 2003, she first gained media attention when she appeared as a close friend and stylist of Paris Hilton, who is an American businesswoman, actress and producer.
It was the report that in 2007 Kim and Ray J made a sex tape that was leaked and distributed by Vivid Entertainment; Kim filed a case against her and after she abandoned her upon receiving $ 5 million from the entertainment channel.
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Soon with her family, Kim appeared on a reality show called Keeping Up with the Kardashians that led to success, after which she appeared on the shows Kourtney and Kim Take New York.
In recent years, Kim has been making her appearance on social media, having ten million followers on Twitter and Instagram, and she launched a series of products under her name when she launched the mobile game Kim Kardashian: Hollywood, which it provided revenue of $ 160 million. downloaded 45 million times.
Kim Kardashian has done several movies and some TV shows like The Simple Life, Dancing with the Stars, Keeping Up with the Kardashians, America’s Next Top Model and Bad Girls Club, Dash Dolls, Disaster Movie and Temptation: Confessions of a Marriage. Counsellor and Deep in the Valley.
The American star has received numerous awards and has received many nominations such as Choice Female Reality / Variety Star, Choice Female Hottie, Choice TV Show: Reality for Keeping up with Kardashians, and Choice Selfie Taker.