celebrity net worth

How to Calculate Celebrity Net Worth

People love celebrity gossip. So, it’s no wonder so many people want to know about their net worth as well. There are many sites specifically dedicated to just this question. Some have even developed their own algorithms to calculate celebrity net worth. While the basic equation is the same, there are a few issues to contend with when comparing celebrity net worth.

How to Calculate Celebrity Net Worth

How Do You Calculate Net Worth?

You can figure your own net worth with some simple math. First, you need to add up the total value of your assets. You should include all your bank and retirement accounts, investments, real estate, and cash holdings.

Then, you need to calculate your liabilities, and subtract it from the total. Every debt, loan, and mortgage in your name would qualify as a liability. Once you subtract your liabilities from your assets, you are left with your net worth.

What’s Different to Calculate Celebrity Net Worth?

Contrary to what you might believe, you would calculate celebrity net worth the same as anyone else’s. First, you tally up their total assets and income. Then, subtract their liabilities from their assets.

However, this can be tricky since it is difficult for agencies to access celebrities’ complete financial information. Furthermore, they typically have more diversified assets. So, it can be difficult to get an accurate figure. Many celebrities openly discuss the value of their homes, cars, artwork, jewelry, and even income. But, it becomes even more of a challenge to determine a celebrity’s net worth when they have holdings or accounts under a corporation or third party names.

You can find several sites that calculate celebrity net worth based on reported figures. They use public records of celebrities’ stock shared and estimated values on their assets. But, the online estimates are educated guesses, at best. In reality, only their accountant or the celebrities themselves know their true net worth.

The Problems with Celebrity Net Worth Calculators

You can easily find celebrity net worth calculators online, such as the on used by CelebrityNetWorth.com. Do a quick search and you will find information on almost every celebrity imaginable.

CNW claims to use a ‘proprietary algorithm,’ but critics claim they overshoot the mark at times. However, publicists are unlikely to correct mistakes that report celebrity’s net worth as higher than it actually is. Furthermore, these sights have no legal accountability for their estimated calculations. They can easily blame inaccuracies on algorithms, so it is best to view them as ballpark estimates.

Who Are the Richest Celebrities from 2020?

1. George Lucas – $6.5 billion

George Lucas became the richest celebrity in Hollywood, earning film credits as director, producer, and writer. He made his billions after creating Star Wars, the most successful film franchise in Hollywood history. However, he claimed the top spot when he sold Star Wars to Disney for $4.1 billion.

2. Steven Spielberg – $3.7 billion

The second spot goes to fellow director, producer, screenwriter, Steven Spielberg. He skyrocketed to fame and became a household name for creating the concept of blockbuster movies. His first big hit came in 1975 with Jaws, and he had dozens more that followed. Spielberg’s billions are a direct product of his Hollywood success.

3. Oprah Winfrey – $3.5 billion

The first woman to appear on this list is Oprah Winfrey. This media mogul and entrepreneur rose to stardom with her TV talk show that became one of the most popular and longest running on television. Winfrey earned her billions by branching out into film, publishing, and creating a TV network. No one will contest that Oprah is one of the most successful influential celebrities in Hollywood.

4. Kanye West – $3.2 billion

Kanye West first gained fame for his music career. He made roughly $400 million from making records, doing tours, and selling merchandise. However, when he launched his clothing brand, Yeezy, he established himself among the billionaire’s club. Financial analysts estimate that Kanye West will earn an additional $2.2 billion in royalties alone by 2026. So, don’t be surprised if his name continues to climb this list.

5. Donald Trump – $3.1 billion

Although some will argue that Donald Trump is no longer a celebrity, you cannot deny his success as a reality TV star. His identities as businessman, president, and a celebrity are forever intertwined. He first gained fame as a businessman. Then, his business success also grew due to his fame. That is why Trump makes this list when you calculate the celebrity net worth of Hollywood elite.

6. Jami Gertz – $3 billion

Jami Gertz first gained filmed credit as an actress in many movies in the 1980s. While she was already very wealth, her net worth drastically increased after her husband became a billionaire. Since then, they bought ownership stakes in two sports teams as well, the Milwaukee Brewers and Atlanta Hawks.

7. Michael Jordan – $2.2 billion

Michael Jordan is undoubtedly the richest professional athlete in the world. According to the sites that calculate celebrity net worth, he earned approximately $94 million during his all-star NBA career. However, most of his wealth is due to endorsements from Gatorade and Nike. Now, he is the majority owner of the Charlotte Hornets, but sold 20% of his stakes for nearly $1.5 billion. He still retains majority control of the team and status as one of the richest celebrities in America.

8. Paul McCartney – $1.2 billion

Paul McCartney has penned and performed some of the world’s most beloved songs as a member of the Beatles. He also went on to a very successful solo career after the band separated. While his talent earned him a great deal of fame and fortune, he claimed his billionaire wealth thanks to his clear understanding of publishing rights. The popularity of his music is sure to continue you to keep him among celebrity elite.

9. David Copperfield – $1 billion

David Copperfield claimed his celebrity status as an elite illusionist. He sparked global interest when he walked through the Great Wall of China and made the Statue of Liberty disappear. His stage performances earned him several awards as well. Copperfield also owns several valuable assets, including an expansive collection of magic memorabilia valued at $500 million.

10. Jay-Z – $1 billion

Jay-Z is a renowned entrepreneur who established himself as one of the biggest rappers of his time. He became a music mogul after founding Roc-A-Fella Records, then later CEO and President of Def Jams Records. He managed to maintain the  rights to his music which helped him greatly increase his net worth. Jay-Z also married Beyonce who also holds considerable assets. As a couple, their combined net worth is around $1.4 billion.

Read More

 

T Harv Eker’s Net Worth

t harv erker's net worth

Going from $0 to millionaire is already a challenge, so to do it in two and a half years seems almost like a miracle. That is exactly what motivational speaker and author T Harv Eker claims he was able to do, according to the biography on his website. Although numbers vary, T Harv Eker’s net worth reportedly stands at roughly more than $3 million. So, how did he accomplish such success in his life?

T Harv Eker’s Career

Eker always had a strong work ethic. Coming from a low-income home, he began working at the age of 13. Throughout his teenage years, he would deliver newspapers, scoop ice cream, sell suntan lotion at the beach, and so on. He dreamed of becoming a millionaire, and so, during his time in college, he left his studies at York University to pursue his ambitions.

With a variety of jobs under his belt, he started several different businesses, but they did not work out. Life took a temporary turn for the better, though, when he opened a retail fitness store in North America, which he expanded to 10 different locations in only two and a half years then sold a portion to a Fortune 500 company, his website states. Although the sale did make him a millionaire, mismanagement of his money led him to lose his fortune in less than two years. Avoid finance mismanagement. Get tips from a real financial coach from Empower Finance.

After his financial loss, he began to study people’s relationship with money, which led him to develop theories, such as his “Millionaire Mind” concept, he wrote in his New York Times best-selling book, Secrets of the Millionaire Mind with over a million copies sold.

Sources of Income

Along with his book, Eker is a motivational speaker and developed programs that help others learn how to be successful through financial courses he created. These include but are not limited to Life Makeover Coaching, Million Dollar Business Secrets, and The Wealthy Marketer. These mentoring and coaching programs range from a one-time payment of roughly $300 to $500 to about $300 per month for the more involved courses. He also speaks at events and produces seminars, sharing his knowledge of obtaining (and keeping) your wealth.

t harv eker seminar

Additionally, he formed the seminar company Peak Potentials Training, which was then acquired by event production company Success Resources, according to the company’s November 8, 2011 press release. Eker, however, continued to support the operations of Peak Potentials.

Eker also wrote another best-selling book called SpeedWealth, which was self-published.

T Harv Eker’s Net Worth

The above resources brings T Harv Eker’s net worth total to an estimated $3.5 million, according to this source. With his reputation as a money expert still to this day, his net worth is likely to continue to rise as he continues to sell his online courses through his website and speak at events. He also continues to offer free trainings, which helps to lead to an increase in sales for his programs.

Eker is proof that you can go from zero to millionaire with perserverence, research, and good old-fashioned hard work. He is also proof that you can easily lose your wealth by not managing your money.

See another celebrity net worth article here. 

 

Photo credit: Risorse della Mente

What Is Dianna Williams’ Net Worth?

dianna williams' net worth

For those of you who are fans of reality shows, dancing, and the Lifetime network, the name Dianna Williams likely rings a bell. Starring on the hit dance competition series ‘Bring It’ since 2014, Williams has made a name for herself not only in the dancing world but now on national television. But, when headlines announced her past involvement in the adult film industry, Williams was admittedly concerned about its impact on her present career. Did it actually hurt her brand though? What is Dianna Williams’ net worth today?

Dianna Williams’ Career

Williams, also known as “Miss D,” was born on November 29, 1978, in Jacksonville, Mississippi. At the age of four, she discovered dancing at the Angie Luke School of Dance and fell in love. She learned a variety of styles from ballet to belly dancing to modern styles.

“I graduated from high school when I was 16, and I realized then [teaching dance] is something I can do,” she said in a 2014 interview with Veronica Wells of Madamenoire.com.

Despite her talent and ambitions in dance, she began working in the adult film industry during college while living in California at the age of 19 in order to support herself to pursue her dreams. This part of her life did not last long, though, and she quickly left the industry before she got in too far. In fact, she has been very open about this time in her life, which has actually helped to make her a better coach.

Williams’ Career Blossoms

After she pulled herself out of the adult film industry, she decided to finally go for it and open her own dance group. In 2001, before she even graduated from college at Jackson State University, where she was studying for a degree in Criminal Justice, Dancing Dolls Dance Team out of a small space at the Pied Piper Playhouse was born with Miss D leading the way, her IMDB page lists.

In addition to Dancing Dolls, she also was the founder and choreographer for the Grove Park Dancerettes from 2002 to 2004; was a choreographer for the Callaway High School Chargettes from 2006 to 2008; founder and choreographer of the Prancing Diamonds in 2007; vice president and choreographer of the Jackson Association For Majorettes; member of the JSU Modeling Squad; and the sponsor and costume designer for the Jackson State University Twirlers from 2004 to 2009 and the Jackson State University Banner Girls from 2007 to present.

She graduated college in 2005 but never ended up using her bachelor of science degree in Criminal Justice. However, she was previously employed for the City of Jackson as the Recreation Aide and Dance Instructor for the north side of the city.

In 2010, the 38-year-old formed her very own dance studio called the Dollhouse Dance Factory, When she first opened its doors, it began with 23 students that semester. Under their new home, the Dancing Dolls went on to compete and win more than 100 trophies and 15 grand champion titles of varying age groups.

She has also participated in several dance competitions over the course of her career. The bulk of her cash has obviously come from her time in the spotlight. So, what is Dianna Williams’ net worth?

Current Sources of Income

Due to the success of the Dancing Dolls, Lifetime television network decided to start a reality series based on the studio and the group. On March 5, 2014, ‘Bring It!’ aired for the first time. The show continues to be a hit and has been on for four seasons thus far.

Along with the show, she does continue to enroll students each semester to her studio. She started an additional income stream through selling merchandise on her website as well.

Her dance group is also currently touring the nation, where tickets can be purchased at various venues.

Dianna Williams’ Net Worth

With three years into the spotlight already, the above reportedly brings Dianna Williams’ net worth to roughly $1.5 million. This number is anticipated to rise with the continuing success of her show and increasing endorsement opportunities. Not to mention, it does not look like her studio will be closing up shop anytime soon.

PC: Justin J