I was looking over the net worth of a specific baseball player and it says his net worth is between $6 million-$15 million. But in the same article it says he earned $51 million playing four seasons in the majors. If he earned $51 million how is his net worth $15 million max?
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Net is after expenses, your contract may be for $50 Million dollars.
Your agent is entitled to 5%, that’s $45 Million for you.
You pay 15% tax, that’s $38.25 Million for you
You bought your Mom a mansion for $5.25 Million, you have $33 Million (the house for your mom is in her name and thus not part of your net worth).
You bought a collection of sports cars for your friends for $3 Million, leaving you $30 million
Your wife left you and took half. You have $15 Million in cash, your own mansion, jewellery, clothes, cars and a boat.
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