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.
Stephen King Net Worth 2021: $500 Million
Stephen King is a most popular and amazing world best writer, producer, director, actor, media personality, screenwriter, and novelist; according to different estimates, his total net worth is $500 million in 2021.
The American Stephen Edwin King, one of the best authors, was born on September 21, 1947, in Portland, Maine, the son of Donald Edwin King and Nellie Ruth, while his father was a merchant sailor.
He faced many problems in childhood since when he was only two years old, his father had left the house, with his older brother he stayed with his mother and the family was under serious pressure financial.
He started his professional career at a very young age until now he has published several books that are the cause of his popularity all over the world.
There is one of his best books that later became movies or short films like “Carrie”, “It”, “Stand by Me”, “The Shawshank Redemption”, “Misery” and “The Shining”.
He reportedly once had a mental illness because he saw the death of his best friend, his family says that when he returned after the accident he was completely silent.
Many days he did not utter a single word, although it was thought to be a psychological disorder, while now he is among the most popular authors in the world.
In his entire career, he has written 59 novels while selling over 350 million copies of his novels, King has received various awards.
Some Valuable Awards Of Stephan King is in our list. University of Maine, British Fantasy Awards, Hugo Award, New York Public Library, Colorado Blue Spruce Young Adult Book Award, and many others.