The Game Says His Estimated $10M Fortune Is 'Inaccurate,' But What Actually Goes Into Calculating Net Worth? - AfroTech

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Last updated 10 novembro 2024

The Game Says His Estimated $10M Fortune Is 'Inaccurate,' But What Actually Goes Into Calculating Net Worth? - AfroTech

Imagine being able to type your name in a Google search, and the whole world can estimate how much money you have. That concept comes to life daily regarding influential people and their perceived net worth. However, one often misconstrued fact about net worth is that it is a dollar-by-dollar depiction of how much a person has in their bank account. And when many high-profile people see their net worth amount or are asked about it, they often describe how the number is somewhat off base. Los Angeles rapper The Game is on that list of people who say that what they have doesn’t line up with what the internet reports. And while no one knows their bag better than the person holding it, there seems to be misalignment in what net worth is versus how it is interpreted. According to Forbes, net worth is the balance of a person’s assets and liabilities at a specific time. Certified personal finance counselor Elizabeth Keatinge broke it down in the Forbes report by saying, “Simply put, it’s