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.
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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.
Sean Combs Net Worth 2021: $885 Million
Sean Combs is an American rapper, songwriter, producer, actor, and businessman; He started his career as an intern for Uptown Records in New York and now his total net worth is $ 885 million.
The American hip hop singer was born in Harlem, New York on November 4, 1969; his father was shot dead when he was only two years old.
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He earned the name of party promoter when he was at Howard University in Washington, DC and got the intern at Uptown Records in New York, but then left Howard in 1993 due to his full-time devotion to the music.
After leaving, he found his own record label in 1993, Bad Boy Entertainment, discovered Notorious B.I.G, and made a 15 million deal to move Bad Boy Entertainment to Arista Records; he began recording under the name Puff Daddy in the summer of 1997 and after B.I.G.
He made his debut album in 1997 as No Way Out, went platinum seven times, after which he released his hit album called Forever in 1999, Diddy-Dirty Money later released his album Last Train to Paris in 2010, which is the cause of its commercial success.
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The American singer has made many albums and several movies such as Press Play, MMM in 2015, No Way out 2, Monster’s Ball, A Raisin in the Sun and his last film in 2015 is Muppets Most Wanted.
Sean Combs has received many awards including three Grammy Awards, an honorary doctorate from Howard University in 2014, and two MTV Video Music Awards.