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 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.
Who Is Tiffany Cochran?
Despite her fame and success, Tiffany Cochran has made her name for herself while standing on the shoulders of her famous father Johnnie Cochran, an American journalist and businessman. She was born in DeKalb County Georgia and she is about 46 years old in 2021.
She is the daughter of well-known lawyer Johnnie L. Cochran, who died due to brain tumor, in March 2005. Tiffany was in a relationship with Javarro Edwards and had a daughter named Emerson Ambrose.
Her first job as a women’s news anchor was at different channels in Georgia, Augusta, South Carolina and she graduated from Pepperdine University, California, with a bachelor’s degree in journalism in 1991.
A full-fledged ABC program was launched by WXIA-TV in Atlanta on September 30, 1951, on channel 8, at 5 pm. It took over channel 5 and WSB-TV. Today, the channel is known as Channel 8.
In her nearly 17 years in the news industry, Tiffany Cochran has decided to retire from her job making the news and to work for her father and grandfather’s profitable hospital in Los Angeles (Cedars-Sinai Medical Center, a non-profit institution). Additionally, she works as a communications director for his father’s law firm based in Atlanta.
Johnnie Cochran Father of Tiffany Cochran
Avon representative Cochran’s mother was a salesperson for Golden State Mutual Life Insurance Company and his father, Johnnie L. Cochran, sold insurance. Cochran attended public schools and graduated high school.
His education began in 1955 when he graduated from Los Angeles High School. He went on to earn a Bachelor of Science in Business Economics from the University of California at Los Angeles in 1959 and a PhD in Legal Science from Loyola Law School in 1962.
Cochran had been married twice. He married Barbara Berry Cochran for the first time in 1960 and then divorced her in 1977. Cochran had been married for at least ten years when he died in 1985. His second marriage was to Sylvia Dale, and their marriage continued from 1985 to 2005. His first marriage gave him Tiffany and Melody, while his second marriage produced Jonathan and his ex-girlfriend, Patty Sikora.
Sadly, Johnnie Cochran passed away at his Los Angeles home on March 29, 2005. He was diagnosed with a brain tumor in December 2003 and decided to have it removed.