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.
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Michael Vick Net Worth: $15 Million
Total Net Worth has an estimated $15 million dollars. He paid back $ 17.4 million dollars. Michael Vick is an American famous Football(quarterback) player. His want to nickname “Cookie “. He has played 13 season game, international football league. He is a great quarterback player his hold the record for most career rushing yards with a quarterback 6,109. He enjoyed the biggest statistical season of his career and was named to the fourth Pro Bowl in 2010.
Michael Vick was born of Newport News, Virginia on June 26, 1980. He was first performance homer L. Ferguson high school in Newport news. Vick and Brooks spent a lot of time at the local boys and girls club. He was a three-year starter for the Warwick raider.
In 1999 his first collegiate as a redshirt freshman against James Madison. During the season his game win against West Virginia in annual black Diamond Trophy. He let the NCAA in passing efficiency in 1999 his record freshman and third highest 180.0 all-time marks. He is a brilliant player then yard collect 288 for total yards of offence and two touchdowns in a 48-20 win.
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Total Net Worth has an estimated $15 million dollars. He signed $62 million contracts. And again his signed a one year’s contract with the Philadelphia Eagles on August 13, 2009. He enjoyed the biggest statistical season of his career and was named to the fourth Pro Bowl in 2010. He generates income for past NFS career in $15 million. He joined the NFS academy of the coaching team. It contained team opinion for the 2010 season worth $5 million.
He is a great and international player, the Eagles exercised his option for 2010 in march 25, Vick received a $1.5 million roster bonus. Vick signed the contract $5 million dollars a one year with the new york jets on the march 21, 2014. Vick again signed six years contract on the $100 million in 2014.
This is a new contract in includes $40 million in generating cash on the work out the annual salary of $16.5 million. Vick more signed contract that sports on $ 100 million. His new join job announced generate more income include then in 2015 and give per month salary of $5 million.