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Old 11-26-2019, 07:00 PM
 
Location: alexandria, VA
16,352 posts, read 8,114,264 times
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Quote:
Originally Posted by RMESMH View Post
I'll try again.

$3.1 billion net worth is what Forbes came up with in that detailed analysis.

A person's net worth is their overall wealth

The value of a person's assets (examples...real estate (including partnerships and other methods of fractional ownership in addition to being the only owner), stocks, land, cash in bank accounts, vehicles, etc.) minus a person's liabilities (examples...mortgages, credit card balances, money you may owe to the brokerage house if you bought some of your current stocks on margin, car loans, a contractor's lien against a house you own, taxes, etc) = net worth. Debts have already been subtracted in the net worth calculation.
And who subtracted the debt from the net worth calculation?
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