A net worth is determined by a combination of one’s assets, which include items of value associated with that individual less the total value of all its outstanding liabilities. The concept is application to individuals and businesses because it is a key measure of how much an entity is worth.
The net worth or a person or organization is not permanent, some are headed to a higher status, some remain stagnant, and others may be headed towards bankruptcy. If a net worth increases consistently, it indicates good financial health. On the other hand, the net worth may be depleted by annual operating losses or a substantial decrease in asset values relative to liabilities.
As another year has passed, another set of records may be broken by the wealthiest in the planet. There could be some economic turmoil as oil prices plummet, currencies weaken and so much more, the wealthiest people on earth remain to rule the list. Even the changes in the administration never bothered them to gain more. Those who are at a loss do not feel substantial changes in their fortune as they continue with their endeavors.
Some of the billionaires, especially in the field of business, have been moving up and down the list. There are others who made a significant drop while some new names have emerged. They are involved in various industries and the mixture of fresh and new faces show the diversity from which the richest can earn substantial amount to add to their wealth.
Bill Gates, Warren Buffet and Elon Musk are just some of the names of consistent list toppers. There is no wonder since these individuals continue to gain more and more through the years. They may have experienced some losses, but these are very much negligible compared to how much they have pocketed.
The list is a rich collection of billionaires and millionaires around the world, profiling and ranking the wealthiest people with the fortune they have amassed for the past year. Whether they are a celebrity, CEO, athlete or a politician, these profiles are created because they are of interest to the public. See how much they are worth by checking out the list and reading on their profiles.