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<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword>'s <keyword id="6360278" type="DEFINITION" weightage="60" keywordseo="Net-Worth">net worth</keyword> fell $25 billion the week <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> halted bitcoin payments.</li><li>His net worth fell to $159 billion on May 13 from $184 billion on May 9, <a href="https://www.bloomberg.com/billionaires/profiles/elon-r-musk/?sref=lAVQtUwz">Bloomberg</a> reported.</li><li>The NHTSA opened an <a href="https://www.businessinsider.com/tesla-crash-california-autopilot-nhtsa-probe-investigation-fsd-2021-5">investigation</a> earlier this week into a fatal Tesla crash.</li></ul>Elon Musk's net worth dropped by $25 billion during the week Tesla stopped accepting bitcoin payments, which <a href="https://markets.businessinsider.com/currencies/news/tesla-stock-price-crypto-linked-stocks-elon-musk-bitcoin-concerns-2021-5-1030425066">sent Tesla shares lower</a>, and after the billionaire hosted "Saturday Night Live."The Tesla and <keyword id="6360701" type="DEFINITION" weightage="60" keywordseo="spacex">SpaceX</keyword> CEO's net worth fell to $159 billion on May 13 from $184 billion on May 9, the <a href="https://www.bloomberg.com/billionaires/profiles/elon-r-musk/?sref=lAVQtUwz">Bloomberg Billionaires Index</a> showed.Tesla announced earlier this week that it would <a href="https://www.businessinsider.com/tesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-5">stop accepting</a> bitcoin payments for cars because of the use of fossil fuels in crypto mining. Musk, who has advocated for investing in cryptocurrencies such as bitcoin and dogecoin, said he still "strongly believes" in crypto, but that it "can't drive an increase in fossil fuel use."Tesla shares tumbled all week following the announcement, and bitcoin <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-tesla-payment-stops-elon-musk-climate-change-environment-2021-5-1030424949">plunged</a> as much as 15%. Dogecoin dropped during <a href="https://markets.businessinsider.com/currencies/news/dogecoin-drop-robinhood-down-elon-musk-snl-episode-2021-5-1030405331">Musk's "SNL" debut</a>, but rebounded later in the week.Read more: <a href="https://www.businessinsider.com/tesla-elon-musk-executives-execs-leaders-key-future-stock-price-2021-5">Tesla quickly went from tiny startup to world's most valuable carmaker. These 13 leaders control its future.</a>Tesla was also hit with a <a href="https://markets.businessinsider.com/news/stocks/tesla-solar-roof-cost-lawsuit-second-suit-class-action-2021-5-1030430032">class-action lawsuit</a> on May 14, filed by a <a href="https://www.businessinsider.com/elon-musk-tesla-solar-roof-price-mistakes-calculating-cost-2021-4?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Solar Roof</a> customer who said the company increased the price of his roof by $70,000 more than the agreed-upon contract.Musk's net worth began dropping after <a href="https://www.businessinsider.com/snl-elon-musk-dogecoin-hustle-future-currency-2021-5">his "SNL" gig</a> on May 8, which was <a href="https://www.businessinsider.com/elon-musk-snl-nbcs-portrayal-of-billionaire-uncritical-2021-5">surprisingly tame</a>. His net worth remained consistent in the week before his "SNL" appearance, after dipping by $10 billion in April.Tesla faced another setback on May 13 after the National Highway Traffic Safety Administration opened an<a href="https://www.businessinsider.com/tesla-crash-california-autopilot-nhtsa-probe-investigation-fsd-2021-5"> investigation</a> into a fatal Tesla crash in California. The vehicle-safety agency told Reuters it previously had <a href="https://www.reuters.com/business/autos-transportation/us-safety-agency-opens-probe-tesla-fatal-crash-california-2021-05-12/">28 probes into Tesla crashes</a>, with 24 still under investigation.Meanwhile, SpaceX, Musk's other company, disclosed the plan for its first <a href="https://www.businessinsider.com/spacex-starship-launch-orbital-test-splashdown-hawaii-elon-musk-2021-5">Starship</a> rocket orbital test flight on Thursday after successfully launching and landing <a href="https://www.businessinsider.com/spacex-sn15-starship-prototype-launches-lands-successfully-2021-4">a prototype</a> for the first time this year.

Elon Musk's net worth plummets by $25 billion after a tumultuous week

Now when you make an appointment on <keyword id="1165142" type="UNKNOWN" weightage="20" keywordseo="Practo">Practo</keyword>, you will also be able to book an <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> to reach the doctor. 
 
Yes, in a bid to provide enhanced healthcare services to customers without any delay and hassles, Uber and Practo have joined hands to deliver seamless services. 
 
Whenever Practo will remind you of your appointment with a doctor, it will also show you the closest Uber available. 
 
Apart from India, this service is launched in Indonesia, Philippines and Singapore. 
 
“We realized that transportation issues often bring additional stress to a doctor’s visit – having to drive through traffic, then hunt for parking – all while you or your loved one is sitting in the car feeling ill is a terrible experience. Our goal with this partnership is to completely remove this anxiety by integrating with Uber’s experience and bringing that to our consumers,” said Shashank ND, Founder &amp; CEO, Practo. 
 
In addition, the driver’s app will be prefilled with the final destination’s address at the very beginning of the trip. The next phase of integration will involve notifying the user to request for an Uber, an hour prior to the appointment. 
 
“The technology integration through this partnership reflects our common commitment to create seamless experience for all our users," said Amit Jain, President of Uber India. 
 
First time users 
 
New users who book their first appointment on the Practo app can use the promotion code - UBERPRACTOIN -to avail two free rides, up to Rs 200 per ride, with Uber.

Booked an appointment with a doctor on Practo? Uber will make sure you don’t miss it

<ul><li>There was a time when Mittal was almost the undisputed king of the market. </li><li>But he lost nearly a billion dollars a year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016. </li><li>Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the <keyword id="6354776" type="COMPANY" weightage="20" keywordseo="Telecom">telecom</keyword> market. </li></ul>There is an old saying — first they ignore you, then they laugh at you, then they fight you, then they lose. Something similar happened to Sunil Mittal, founder of Bharti Airtel who became an entrepreneur at the age of 18 with a bicycle parts manufacturer. There was a time when Sunil Mittal fell short of ₹5,000 in the 1980s but this roadblock didn’t stop him from creating India’s largest conglomerate. He received more than $350 million in dividends in FY19, according to Bloomberg. Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the telecom market. But, there was a time when Mittal was almost the undisputed king of the market. Sunil Mittal lost nearly a billion dollar the year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016. Surprisingly, he lost over 1.2 billion dollars between 2018 and 2019 primarily. Here’s the rise and fall of Sunil Mittal: 
	
	<div type="Slideshow" msid="71717691" hostid="261" title="Sunil Mittal lost a billion dollars ahead of Ambani's Jio launch — and as much after that" firstImageMsid="71717805" slideCount="5"></div>

Sunil Mittal lost a billion dollars ahead of Ambani's Jio launch — and as much after that

<div class="image-container float_right" style="width:480px"><div class="image"><a href="https://www.facebook.com/photo.php?fbid=10151766465225229&amp;set=t.4&amp;type=1&amp;theater">Sharon Hwang/Facebook</a></div></div>After reporting its second quarter earnings on Wednesday, <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword>'s stock is surging and so is <keyword id="6354630" type="PERSON" weightage="60" keywordseo="Mark-Zuckerberg">Mark Zuckerberg</keyword>'s <keyword id="6360278" type="UNKNOWN" weightage="60" keywordseo="net-worth">net worth</keyword>.
It is trading at the highest price since Facebook's IPO in May 2012. The stock opened then at $38 per share; it closed yesterday at $34.36 up from the low 20s. The nearly 30% increase means Mark Zuckerberg, who <a href="http://www.businessinsider.com/mark-zuckerberg-commits-to-not-selling-stock-for-a-year-2012-9">vowed not to sell any of his shares</a> during Facebook's first year as a publicly-traded company, is <a href="http://www.forbes.com/sites/ryanmac/2013/07/25/mark-zuckerbergs-net-worth-up-3-3-billion-as-facebook-shares-soar-following-earnings/">worth $3.7 billion more</a> today than he was yesterday morning. That brings his total net worth to about $16.1 billion.
The sudden faith in Facebook stems from its visible improvement in mobile. During <a href="http://allthingsd.com/20130724/facebook-beats-as-mobile-revenue-jumps-to-41-percent-of-ads-business/">Wednesday's earnings call</a>, Zuckerberg noted that 41% of Facebook's total ad revenue was coming from mobile, up from 30% the quarter prior. Mobile monetization is something investors are watching closely; the unsuccessful transition from a desktop to a mobile experience is <a href="http://www.businessinsider.com/live-zynga-earnings-2013-7">killing other companies quickly.</a>
Facebook's revenue also beat Wall Street expectations on Wednesday. The social network reported revenue of $1.81 billion versus the $1.62 billion analysts were expecting. Importantly, Facebook's mobile monthly active users are also rising. Facebook reported mobile MAUs of 819 million, up 51 percent year over year.

Mark Zuckerberg Is Now Worth $3.7 Billion More Than Thursday Morning

OYO’s Ritesh Agarwal and Future Group’s Kishore Biyani did not make the cut this year to be among India’s richest billionaires

<ul class="summary-list"><li>Trump's <keyword id="6360278" type="DEFINITION" weightage="60" keywordseo="Net-Worth">net worth</keyword> dropped from $3 billion to $2.3 billion over the past four years.</li><li>The pandemic wreaked havoc on his commercial real estate, as well as resorts and hotels.</li><li>Trump's brand also took a hit following the Capitol attack, causing many to sever ties with him</li></ul><keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword>'s net worth dropped from $3 billion to $2.3 billion over the course of his presidency, according to <a href="https://www.bloomberg.com/graphics/2021-donald-trump-net-worth-business/?sref=LspfQlRv">Bloomberg's Billionaires Index.</a>Since stepping away from his company, the impact of the pandemic, as well as two rounds of impeachments have wreaked havoc on Trump's businesses - even as his <a href="https://www.usatoday.com/story/news/factcheck/2020/10/31/fact-check-taxpayer-burden-trumps-golfing-hard-pin-down/3718413001/">dozens of visits while in office</a> helped the firm <a href="https://www.washingtonpost.com/politics/secret-service-has-paid-rates-as-high-as-650-a-night-for-rooms-at-trumps-properties/2020/02/06/7f27a7c6-3ec5-11ea-8872-5df698785a4e_story.html">rake in thousands from security details</a> and more. In January, a public relations expert, Eric Schiffer, told Insider <a href="https://www.businessinsider.com/how-trump-brand-and-businesses-will-suffer-post-presidency-2021-1">Trump's businesses might never recover from his presidency.</a>"Trump will exit the presidency with a brutal set of targets surrounding the heart of his brand, which will be a danger to his survival economically and that of his children, and likely will lead to excruciating pain of the type he has really never faced," he said.About 75% of Trump's income comes from commercial real estate, according to Bloomberg. The work-from-home boom has made the business more precarious than ever, as companies look to minimize office space. The cities where Trump has most of his stake - New York and San Francisco - have also been hit the hardest. The valuation of Trump's commercial real estate business is down over 25% from when he started his presidency, Bloomberg reports.Trump's line of resorts and hotels have also suffered from Covid-19 travel restrictions, falling over 40% from 2015 to 2020, according to Bloomberg data.Read more: <a href="https://www.businessinsider.com/how-to-get-job-biden-administration-white-house-hiring-career-2020-11">Joe Biden is hiring about 4,000 political staffers to work in his administration. Here's how 3 experts say you can boost your chances of getting one of those jobs.</a>The former president's brand has also been negatively affected by his ties to the Capitol siege. Schiffer told Insider even Trump's most loyal supporters will not be able to help him recover.His loyalists "were not in many ways his core buyers," Schiffer told Insider, noting that "many are not of high income."Trump may be able to monetize his MAGA crowd in other ways, Schiffer said, such as creating a blog or newsletter or holding ticketed events, but these events won't make up for the larger revenue lost through his hotels, restaurants, and golf clubs.Following the attack, the PGA of America decided against hosting its annual tournament at Trump's golf club. Many other <a href="https://www.nytimes.com/2021/01/11/us/politics/trump-politicians-donations-degrees.html">companies have also severed ties with Trump</a> since his second impeachment.Trump's book sales have also plummeted since his presidency ended, with revenue from the sales down 87% in the past five years, Bloomberg reports.Trump donated his $400,000 salary as president, <a href="https://www.businessinsider.com/trump-made-at-least-16-billion-while-us-president-2021-2">but made about $1.6 billion from 2016 to 2020.</a> Since becoming president in 2016, <a href="https://www.businessinsider.com/donald-trump-wealth-president-forbes-400-coronavirus-2020-9">Trump fell 77 places in Forbes' ranking of the 400 richest Americans f</a>our years later.In 2020, Forbes estimated that <a href="https://www.businessinsider.com/billionaire-president-donald-trump-net-worth-spending-2018-11">Trump dropped over $1 billion during the pandemic</a>, as his net worth dropped to $2.1 billion, while the pandemic shook the commercial real estate market.<a href="https://www.businessinsider.com/how-us-presidents-make-money-after-leaving-office-2020-9">Most presidents see spikes in their net worth following their presidency</a>. Public appearances, book and brand deals often allow former presidents to rake in millions, but Trump's brand may have taken too great of a hit.Trump might be one of few president's to continue to see his net worth fall following his presidency.

Donald Trump's net worth dropped by $700 million since he was elected president

<div type="image" wfid="277861"></div>

 As you wake up after Merry Christmas on a chilly Monday morning, you need something to stay motivated. With the death of George Michael making the maximum of your newsfeed, it’s not Dangal or <keyword id="6034" type="ORGANIZATION" weightage="20" keywordseo="Manchester-United">Manchester United</keyword> or Big Boss that would keep you inspired. This article goes into details of a question that might have popped up in your head often but you didn’t dig in much. 
 
It’s the same question since ages, why isn’t <a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Ratan Tata</a> as rich as <a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Mukesh Ambani</a>. 
 
<a href="http://www.businessinsider.in/These-are-the-worlds-richest-porn-stars/articleshow/55031888.cms">Also Read: Here are the world's richest pornstars</a> 
 
To understand this we need to know the basic difference between an industrialist and a businessman. Reliance group is a family run business like any other company. Aimed at maximizing its profit, the company takes back huge revenue home. However Tatas are as always a stakeholder friendly company. 
 
<a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Also Read: 2017 will be a great year for the freshers looking for jobs. These four start ups are a proof</a> 
 Here are the major reasons why <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> isn’t as rich <keyword id="3820" type="PERSON" weightage="100" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>. 
 
(Image: India Times)

Ratan Tata isn’t as rich as Mukesh Ambani. Here’s why

<div class="image-container float_right" style="width:400px"><div class="image"></div>Getty</div>Forbes <a href="http://www.forbes.com/billionaires/?utm_campaign=forbestwittersf&amp;utm_source=twitter&amp;utm_medium=social">annual billionaire's list is out</a>. The list ranks the most powerful people in the world.
<a href="http://www.businessinsider.com/15-richest-people-in-tech-in-the-world-2013-3">The tech world is full of self-made billionaires</a> including the youngest, <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword> CEO, <keyword id="6354630" type="PERSON" weightage="60" keywordseo="Mark-Zuckerberg">Mark Zuckerberg</keyword>.
At just 28 years old, Zuckerberg's <keyword id="6360278" type="UNKNOWN" weightage="60" keywordseo="net-worth">net worth</keyword> is $13.3 billion. He ranks number nine in the tech industry and number 66 in the world.
Despite this amazing accomplishment, Zuckerberg's net worth has drastically fallen since he took his company public last May.
In March 2012, Zuckerberg's net worth was $17.7 billion, but by September 2012 that number dropped to $9.4 billion. Today it has settled at $13.3 billion.
Zuckerberg is known to be very modest with his earnings, choosing to drive a common Acura sedan. In late 2012, he and his wife donated $500 million in stock to a Silicon Valley charity.

Mark Zuckerberg Is Much Poorer Than He Was Last Year

It's a pretty well known fact that rappers like to flaunt their wealth. Most hip-hop <keyword id="6354530" type="CITY" weightage="60" keywordseo="music">music</keyword> is laced with lyrics that embrace a cushy lifestyle full of expensive cars, homes, and of course jewelery.
<keyword id="16418" type="PERSON" weightage="60" keywordseo="Jay-Z">Jay-Z</keyword> is fed up with this precedent. He calls out his fellow MCs on his new album, Magna Carta Holy Grail. Jay-Z claims that most rappers use metaphors about what their <keyword id="6360278" type="UNKNOWN" weightage="60" keywordseo="net-worth">net worth</keyword> is but they can't back it up.
<a href="http://www.businessweek.com/articles/2013-07-09/jay-z-is-right-most-rappers-are-lying-about-their-money#r=read">Bloomberg Businessweek graphics editor Allison McCann</a> was intrigued by the verse and decided to figure out just how much rappers are actually worth versus their alleged wealth. McCann used a combination of specific lyrics from a dozen rappers and compared it with Forbes wealth reports and came up with the following chart (a portion of which is posted here with permission):
<div class="image-container click-to-enlarge"><div class="image"><a title_source="Bloomberg Businessweek" title_caption="" class="zoomin" href="http://static1.businessinsider.com/image/51ddce3769bedd8b01000015-960/screen%20shot%202013-07-10%20at%204.59.09%20pm-1.png"></a><a href="http://www.businessweek.com/articles/2013-07-09/jay-z-is-right-most-rappers-are-lying-about-their-money#r=read">Bloomberg Businessweek</a></div></div> 
The results are pretty interesting and prove Jay-Z's thesis that many rappers aren't actually worth what they say they are.
Take for example, Nicki Minaj, the <keyword id="6355861" type="POSITION" weightage="60" keywordseo="rapper">rapper</keyword> brags to be worth a ton of money, nearing a billion dollars when in fact last year she only earned $15.5 million. While this is an impressive amount to the average Joe, when you compare her worth with Jay-Z's it pales in comparison. Jay-Z claims to be worth $500 million dollars and he is in fact worth $475 million.
<a href="http://www.businessweek.com/articles/2013-07-09/jay-z-is-right-most-rappers-are-lying-about-their-money#r=read">Head over to BusinessWeek</a> to take a look at the full chart and see how much other rappers claim they are worth compared to what they actually make.

Jay-Z Calls Out Rappers Who Lie About How Much Money They Actually Make 

Top 10 tech billionaires on the Forbes list of 100 richest Indians

<ul><li>The <keyword id="8205065" type="UNKNOWN" weightage="20" keywordseo="forbes-100-richest-indians">Forbes 100 Richest Indians</keyword> list puts Shiv Nadar on top as the country’s richest tech billionaire worth $14.4 billion. </li><li>Wipro chairman Azim Premji ranks second with a net worth of $7.2 billion. </li><li>The list also sees the debut of Byju Raveendran, who is the youngest billionaire on the list and the only one who is under 40 years old. </li></ul>The richest of the rich when it comes to India’s digital economy include a few familiar faces, and a few brand new ones. On the one hand, the list is dominated by regulars like HCL’s Shiv Nadar and Wipro’s Azim Premji. On the other, start up founders like Paytm’s Vijay Shekhar Sharma and Byju founder Byju Raveendran are also working their way up the list. It should be noted that when it comes to technology sector, Infosys seems to be in the business of creating billionaires. Four of the top ten billionaires are currently working for the digital giant, or have in the past. Scroll on to see the ten richest tech billionaires on Forbes 100 Richest Indians list:

<ul class="summary-list"><li><keyword id="6360278" type="DEFINITION" weightage="60" keywordseo="Net-Worth">Net worth</keyword> is an individual or company's total assets, minus any liabilities or debts.</li><li>Net worth is a snapshot of financial health, and evaluated alongside other measures for a fuller picture.</li><li>Keeping track of your net worth can help put your debts into perspective and help you plan for the future.</li></ul>If you're looking to gain insights into your financial health, understanding net worth is a must. Net worth answers the question, "how am I doing financially?" and helps assess whether you're on track to tackle debt and meet wealth-building goals. It's used by financial advisors to determine what you're doing well and what you should be doing better, but it isn't without its limitations.<h2>What is net worth?</h2>Net worth is the total value of your financial assets minus your liabilities, or debts. In other words, your net worth equals what you own minus what you owe. Net worth presents an easy way to measure a person or company's financial standing. It's a fairly straightforward formula, calculated by subtracting liabilities from assets, but the real leg work comes from compiling the numbers that make up these two categories.<h2>Understanding net worth</h2>Net worth can be applied to a person, a company, or an entire industry. It's used by professionals to conduct an "as-is analysis," or to determine whether someone has equity and what that equity is worth. It's also used to track financial progress by comparing annual statements year over year. If net worth grows over time, it means that business overall is growing, which is especially helpful because looking at assets or debt alone do not paint the full picture.On an individual basis, net worth serves a few key purposes:<ul><li>Evaluating where you are financially: Determining your net worth can help answer questions like whether you're saving enough for retirement, what debts you're falling behind on, and whether you have enough money set aside should an emergency hit. </li><li>Identifying problem areas: Calculating your net worth can help you pinpoint where you're falling behind, whether that's in paying off a debt or noting a habit of overspending in other areas.</li><li>Achieving financial goals: As important as it is to establish clear financial goals, it's also important to periodically evaluate whether you're on track to achieve them. Net worth can help you check how close you are to meeting retirement savings goals, and reshape current savings practices if need be.</li></ul>Financial professionals often look at net worth and cash flows together for a more comprehensive view. The last line on a personal balance sheet depicts net worth, and this metric is straightforward, but not all-encompassing. "It gives a snapshot in a period of time," says Certified Financial Planner <a href="https://www.silverpennyfinancial.com/team/vladimir-nikitenko" target="_blank" rel="noopener">Vladimir Nikitenko</a>. "The balance sheet lists your assets and liabilities, and that's kind of measuring the financial health of a client, so if I want an easy way to see what position this client or company is in, the easiest thing for me to do is take a look at their balance sheet and their cash flows," says Nikitenko.Net worth doesn't always directly correlate with cash flow, however, so it's important to distinguish between the two. Someone's net worth can increase from one year to another when they don't have a significant cash flow, so long as they're reducing expenses. <a href="https://www.businessinsider.com/what-is-liquidity" target="_blank" rel="noopener">Liquidity</a>, or how much money you have regularly available, is an important factor to consider when measuring financial health. In the instance where someone has a high net worth on paper, but those funds aren't necessarily available, net worth isn't the most accurate representation of wealth. "If they have a bunch of money in their retirement account but can't pay for a $10,000 emergency, that's a big problem and that's where net worth probably has its biggest limitations," says Nikitenko.<h3>Net worth vs. income</h3>Net worth is not the same as income. Just because an individual earns a high income does not necessarily mean they have a high net worth - and vice versa. If someone has a high salary but spends money with ease, it's reflected poorly in their net worth. On the flip side, someone who brings home a smaller paycheck but saves or invests most of their money can quickly and effectively grow their net worth.Ultimately, net worth is made up of assets and liabilities, while income is what you earn from a job or any investments you've made.<h3>Average net worth by age </h3>Americans across all walks and stages of life have different net worths. According to <a href="https://www.federalreserve.gov/publications/files/scf20.pdf" target="_blank" rel="noopener">the latest survey by the Federal Reserve</a>, the average net worth of American households is $748,000. Here's a rundown of the average and median net worth of <a href="https://www.businessinsider.com/personal-finance/what-is-my-filing-status-for-taxes'#39;" target="_blank" rel="noopener">the head of household</a>, broken down by age,<a href="https://www.businessinsider.com/personal-finance/what-is-my-filing-status-for-taxes'#39;" target="_blank" rel="noopener"></a> in 2019: <table style="border-collapse: collapse; width: 100%; height: 147px;" border="1"><tbody><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">Age</td><td style="width: 33.3333%; height: 21px;">Average net worth</td><td style="width: 33.3333%; height: 21px;">Median net worth</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">Under the age of 35</td><td style="width: 33.3333%; height: 21px;">$76,300</td><td style="width: 33.3333%; height: 21px;">$13,900</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">35-44</td><td style="width: 33.3333%; height: 21px;">$436,200</td><td style="width: 33.3333%; height: 21px;">$91,300</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">45-54</td><td style="width: 33.3333%; height: 21px;">$833,200</td><td style="width: 33.3333%; height: 21px;">$168,600</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">55-64</td><td style="width: 33.3333%; height: 21px;">$1,175,900</td><td style="width: 33.3333%; height: 21px;">$212,500</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">65-74</td><td style="width: 33.3333%; height: 21px;">$1,217,700</td><td style="width: 33.3333%; height: 21px;">$266,400</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">75 or more</td><td style="width: 33.3333%; height: 21px;">$977,600</td><td style="width: 33.3333%; height: 21px;">$254,800</td></tr></tbody></table><h2>Calculating net worth</h2>Net worth is calculated by adding up your assets and subtracting any liabilities.<ul><li>Assets: Assets are what you own, including cash in bank accounts, savings, and retirement accounts. It also includes items like investments, vehicles, and real estate.</li><li>Liabilities: Any money you owe counts as a liability. This includes outstanding student loans, credit card bills, and mortgage payments.</li></ul>You can calculate your net worth in three steps:1. Total all liquid assets, like cash and savings, with illiquid assets, or money that can't be as easily converted to cash, like land or a vehicle. 2. Total all liabilities, including debt and outstanding payments, like student loans and medical bills.3. Subtract liabilities from assets.Net worth can be either positive, meaning assets exceed liabilities, or negative, with the opposite being true. Positive net worth signals strong financial standing, while negative net worth can be a financial red flag.To improve net worth, an individual must reduce liabilities while maintaining or growing their assets, or grow their assets while maintaining or reducing liabilities.<h2>What constitutes a high net worth?</h2>High net worth is used in the financial services sphere to refer to someone with wealth that exceeds a certain dollar amount. In reality, the term "high-net-worth individual" is quite relative. "If you're talking about practices, a high-net-worth client is someone who has over five million in assets," says Nikitenko. "[But] if you're talking about Forbes and the top people listed on there, a high net worth is in the billions, so that's a very very relative term."Your age group is also considered when determining what qualifies as high net worth. Net worth generally increases with age until it plateaus as older age groups retire and begin spending their retirement savings. For young professionals, for example, a high net worth could be someone whose assets exceed $500,000. But among retirees, the metric changes because they're expected to have accumulated more by that age and experience level. <h2>The financial takeaway</h2>Net worth is a measure of a person or company's broad financial standing, but is often considered alongside cash flows for a more accurate depiction of wealth. It's used to determine whether someone has equity and what that equity is worth, and can be found by subtracting total liabilities from total assets.Calculating your net worth can help you better understand your current financial position and how you got there, as well as how you can make better investment moves to build and maintain wealth moving forward.<a data-type="6001ce12c645d70cca75252c">A growth stock is a company expected to rise faster than the overall market, offering bigger gains for investors who don't mind risk</a><a data-type="601b519c0c3a1c2baa05a964">Behavioral finance is a science that analyzes why investors often make misguided choices</a><a data-type="60011bbb0a996d3d50754f25">Where to invest when interest rates are low - 6 fixed-rate vehicles that offer the best returns</a><a data-type="5fc6ac4462263012d17a5683">Capital gains are the profits you make from selling your investments, and they can be taxed at lower rates</a>

You Searched For "net worth" and got 12 results

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