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.
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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.
Luis Suárez Net Worth 2021: $70 Million
Luis Suárez is known as one of the best footballers in the world, he is an Uruguayan professional footballer who plays for the Spanish club FC Barcelona and the Uruguay national team as a striker while his total net worth according to different sources is $ 70 million in 2021.
One of the best soccer players Luis Alberto Suárez Díaz was born in Salto, Uruguay on January 24, 1987; He started his career as a soccer player as a child.
At Sportivo Artigas, he played like a baby, while then for some reasons at seven he moved with his family to another place where he decided to play with Urreta FC in La Blanqueada and is now known as one of the best footballers in the world.
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As he grew in age, he acquired the techniques in the game from him while at age 14 he was selected by the youth team of a local National, but then faced many problems at age 16.
Due to his bad behaviour towards him, as well as one night, he was caught when he was drinking and his coach threatened him if he did not take football seriously then he would never play in the future.
In his career, he played in different clubs while the most beneficial contract he signed with Barcelona on July 11, 2014, from which he took a large amount.
He has earned enough income from endorsement deals and now the whole world is familiar with his talent.
In his football career, he set many records, while his most important awards are 2013 IFFHS World Division Top Scorer, FWA Footballer of the Year: 2013-14, European Golden Boot: 2013-14 and many others.