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.
Michael Jordan Net Worth 2021: $ 2.1 Billion
Michael Jordan is a retired American professional basketball player, businessman, principal owner and president of the Charlotte Hornets; He started his career at the age of childhood in school and In 2021 Jordan total net worth is $ 2.1 billion.
The retired American basketball player was born in Brooklyn, New York on February 17, 1963; At school, he was a basketball, baseball and football player, after passing school he was offered a scholarship as a basketball player because he has his fame but he moved to North Carolina to get his scholarship.
He joined the university “University of North Carolina” where he played three seasons of basketball under the direction of Dean Smith; He played 15 seasons for the Chicago Bulls and Washington Wizards in the National Basketball Association, earning him the name of one of the best defensive and first-year players.
Jordan won his first NBA championship with the Bulls in 1991, then won the titles again in 1992 and 1993; Before the start of the 1993-1994 NBA season, Jordan retired from the basketball team.
He used the training form to lead the Bulls to win three championships in 1996, 1997 and 1998; later, the 1995–96 NBA season is known as the record season in which his team won all 72 NBA seasons.
Michael retired in January 1999, but returned from 2001 to 2003 as a member of the Wizards for two more seasons in the NBA; he is known as the first billionaire as an NBA player in history and he is the third richest African.
He will be called as the best basketball player of all time, he has won numerous awards such as the Naismith and Wooden awards in 1984, NBA Rookie of the Year award, as a member of the United States Olympic basketball team he has won two medals gold in 1984 and 1992.