In simple term, net worth is defined as the difference between assets and liabilities. It gives us the result of what an entity is worth. For a company, the value of the company is its net worth. But for an individual, the property they own minus their liabilities is their net worth. And celebrity net worth means the net value of the celebrity. Many people want to know which celebrity has the highest net worth in the Hollywood?
Well, George Lucas with a Net worth of $5.1 billion is the richest celebrity in the Hollywood.
There are different ways of calculating the net value. As mentioned above if you deduct all your debts and liabilities from the property you own then you will get your net worth. But for celebrities, they are rich and own plus owe a lot, so here are some tips on how to calculate a celebrity’s Net worth:
Earnings and Salary
The most significant part in a celebrity’s net worth is their salary and earnings. How much does a star earn? What is their salary? Well, if they make more, then they apparently have a high net worth and vice versa. Like for example, Karlie Redd’s net worth is estimated to be $1 million because she earns $50,000 per season from “Love & Hip Hop: Atlanta.” And since she has been there for quite some time now, we can assume that her net worth is $1 million.
The earnings of a musician from the sales of their records, concert tickets is also a good factor which helps in determining a celebrity’s net worth.
After earnings and salary, a celebrity’s assets is another essential part to calculate their net worth. Assets include all the physical property a celebrity owns. Here are some examples of celebrity’s assets:
Homes include the big mansions, real estates that a celebrity owns. Many stars have got big luxurious houses and villas in exotic places. Since the market value of their property fluctuates, that also bring change in a celebrity’s net worth.
Automobiles and Jewelry
As we all know many celebrities love to travel in luxury cars and other media of transportation. They also own private jets, massive yachts and many more. Like Leon “RoccStar” Youngblood Jr. owns a Ferrari, Rolls Royce, and a Lamborghini and we all know how expensive those cars are. The value of a celebrity’s cars also contributes to their net worth.
Jewelry, ornaments and other expensive stuff that celebrities love to wear and helps to determine their net worth. As Cardi B wore $4 million worth of jewelry on her return to VMAs, that gives us a clear picture of how rich she is.
There are other many more factors which help to calculate the net worth of a celebrity. Or you can directly go to Bank Rate and enter your details and know your net worth.