Net worth

Net worth (sometimes called net or wealth) is the total assets minus total outside liabilities of an individual or a company. Net worth is used when talking about the value of a company or in personal finance for an individual's net economic position.

Put another way, net worth is any asset owned minus any debt owed. Net worth can be a negative number if one's debt owed is greater than the value of the assets owned.

Companies

Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.

For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time.

Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.

Cristiano Ronaldo

Cristiano Ronaldo dos Santos Aveiro, GOIH (born 5 February 1985), known as Cristiano Ronaldo (Portuguese pronunciation: [kɾɨʃtiˈɐnu ʁuˈnaɫdu]), is a Portuguese professional footballer who plays for Spanish club Real Madrid and the Portugal national team. He is a forward and serves as captain for Portugal. By the age of 22, Ronaldo had received Ballon d'Or and FIFA World Player of the Year nominations. The following year, in 2008, he won his first Ballon d'Or and FIFA World Player of the Year awards. He then won the FIFA Ballon d'Or in 2013 and 2014. In September 2015, Ronaldo scored his 500th senior career goal for club and country.

Often ranked as the best player in the world and rated by some in the sport as the greatest of all time, in 2015 Ronaldo was named the best Portuguese player of all time by the Portuguese Football Federation, during its 100th anniversary celebrations. He is the first player to win four European Golden Shoe awards. With Manchester United and Real Madrid, Ronaldo has won three Premier Leagues, one La Liga, one FA Cup, two Football League Cups, two Copas del Rey, two UEFA Champions Leagues, one UEFA Super Cup and two FIFA Club World Cups.

Taylor Swift

Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter. Raised in Wyomissing, Pennsylvania, she moved to Nashville, Tennessee, at the age of 14 to pursue a career in country music. She signed with the independent label Big Machine Records and became the youngest songwriter ever signed by the Sony/ATV Music publishing house. The release of Swift's eponymous debut album in 2006 marked the start of her career as a country music singer. Her third single, "Our Song", made her the youngest person to single-handedly write and perform a number-one song on the Hot Country Songs chart.

Swift's second album, Fearless, was released in 2008. Buoyed by the pop crossover success of the singles "Love Story" and "You Belong with Me", Fearless became the best-selling album of 2009 in the United States. The album won four Grammy Awards, making Swift the youngest ever Album of the Year winner. Swift's third and fourth albums, 2010's Speak Now and 2012's Red, both sold more than one million copies within the first week of their U.S release. Speak Now's "Mean" won two Grammy Awards, while Red's singles "We Are Never Ever Getting Back Together" and "I Knew You Were Trouble" were successful worldwide. Swift's fifth album, the pop-focused 1989, was released in 2014 and sold more copies in its opening week than any album in the previous 12 years, making Swift the first and only act to have three albums sell more than one million copies in the opening release week. Its singles "Shake It Off", "Blank Space", and "Bad Blood" reached number one on the Billboard Hot 100. The album would go on to win three awards at the 2016 Grammys including Album of the Year making Swift the first and thus far only female artist to receive the award twice.

Oprah Winfrey

Oprah Gail Winfrey, born January 29, 1954, is an American media proprietor, talk show host, actress, producer, and philanthropist. She is best known for her talk show The Oprah Winfrey Show, which was the highest-rated program of its kind in history and was nationally syndicated from 1986 to 2011. Dubbed the "Queen of All Media", she has been ranked the richest African-American of the 20th century, the greatest black philanthropist in American history, and is now North America's first and only multi-billionaire Black. Several assessments regard her as the most influential woman in the world. In 2013, she was awarded the Presidential Medal of Freedom by President Barack Obama and honorary doctorate degrees from Duke and Harvard.

Winfrey was born into poverty in rural Mississippi to a teenage single mother and later raised in an inner-city Milwaukee neighborhood. She has stated that she was molested during her childhood and early teens and became pregnant at 14; her son died in infancy. Sent to live with the man she calls her father, a barber in Tennessee, Winfrey landed a job in radio while still in high school and began co-anchoring the local evening news at the age of 19. Her emotional ad-lib delivery eventually got her transferred to the daytime-talk-show arena, and after boosting a third-rated local Chicago talk show to first place, she launched her own production company and became internationally syndicated.

Justin Bieber

Justin Drew Bieber (/ˈbiːbər/; born March 1, 1994) is a Canadian singer, songwriter, and record producer. Bieber released his debut EP, My World, in late 2009. It was certified platinum in the U.S. He became the first artist to have seven songs from a debut record chart on the Billboard Hot 100. Bieber released his first full-length studio album, My World 2.0, in 2010. It debuted at or near number one in several countries and was certified triple platinum in the U.S. It was preceded by his most successful single to date, "Baby".

Following his debut album, he had his first headlining tour, the My World Tour, released the remix albums My Worlds Acoustic and Never Say Never – The Remixes -- and the 3D biopic-concert film Justin Bieber: Never Say Never. He released his second studio album, Under the Mistletoe, in November 2011, when it debuted at number one on the Billboard 200. Bieber released his third studio album, Believe, in 2012. His fourth studio album Purpose was released in November 2015. His U.S. album and singles sales total 44.7 million.