What is net worth?
Net worth is the calculation of the personal, corporation around the world. Basically, net worth is the total estimated cost as per assets. It’s value cost every celebrity around globally. Assets are the main goal for net worth to measure the whole procedures.
Networth can be measured through person assets, income sources, positive as well as negative net worth results. The importance of net worth is for a person’s health and the hiring of recruiting position-dependent of assets. The net worth can be increased by reducing the liabilities for staying the assets. It means net worth is the reverse phenomenon when liabilities increase, assets may decrease and vice versa.
Types of Net Worth
1) Positive Net Worth
When assets increases as per on liabilities it will be called as positive net worth. For example; when someone increasing their assets, their income increases, business grown, audience size increases, whereas liabilities decreases due to more gross value. Therefore, it is very important to stay the assets to decrease the liabilities.
2) Negative Net Worth
In case of negative net worth, when assets decrease while liabilities increases it will be called as negative net worth. For example; when someone decreasing their assets, their income decreases, business become low, audience size decreases, whereas liabilities increases due to the low cost generic. It means decreasing the assets results in negative net worth.
How to increase the net worth value?
Networth is the basic phenomenon to evaluate the total cost of a person. At first, a person may increase their assets, business, pay income taxes on time will result to increase their net worth.
JK Rowling Net Worth 2020: $1 Billion
JK Rowling is a British writer, author, novelist, and film producer, while she is well known as the writer of the Harry Potter fantasy series and now, according to different sources, the total net worth of one of the best authors Rowling is of $1Billion in 2020.
British author Joanne Rowling is known by her pseudonym J. K. Rowling, she was born in Yate, Gloucestershire on July 31, 1965.
She started her career in her childhood, as she spent her time writing fantasy stories, she did not face enough happiness at that age due to the mother’s illness as well as her relationship with her husband and she is now known as one of the best authors in the world.
She started her career a long time ago, but JK gained world fame when her novel “Harry Potter and the Philosopher’s Stone” was released.
She faces many problems to publish it, but in the end she has, she has made millions of dollars by selling the story and this novel is the reason why in the first years she got one of the best writers in the world.
According to estimates that the Harry Potter books have been translated into 65 languages worldwide, the series has broken all book sales records.
While last season two, Harry Potter and the Half-Blood Prince sold nine million copies, while the last Harry Potter and the Deathly Hallow sold over eleven million copies within 24 hours of its release.
Joanne has become the best author in the world as she has written many books and based on her series the Harry Potter series has earned more than $ 7.7 billion at the worldwide box office.