While writing literature professionally is not perceived as the most lucrative of jobs in the world, it certainly didn’t stop some authors from making millions from their craft. Some authors have become household names, raking in millions of dollars with book and movie deals, as well as personal engagements. Here are some of the world’s richest writers. Steve Sorensen net worth.
Elizabeth Badinter, $1.3 billion
Badinter is known for her works in the field of philosophy and history. A Marianna News Magazine poll recognized her as France’s most influential intellectual in 2010. She’s most known for her extensive work on philosophical treatises on feminism and women’s role in society. Steve Sorensen net worth.
J.K. Rowling, $1 billion
J.K. Rowling is most known for writing the Harry Potter series. The beloved series attracted readers of all ages. Not only did Rowling earned millions from the books, but she also generated millions from the movies, which remain as the highest-grossing film series. Besides the books and movies, Harry Potter merchandise also contributed much to her success. Steve Sorensen net worth.
James Patterson, $560 million
If you are a fan of thriller novels, James Patterson is no stranger. By 2010, he already had 20 bestsellers to his name. He is also known for being the highest-grossing American author today. Besides thrillers, Patterson also wrote a series of non-fiction and romance novels. Like Rowling, some of his works like “Alex Cross,” “Along Came a Spider,” and “Kiss the Girls” have been made into movies. Steve Sorensen net worth.
While cryptocurrencies such as Bitcoin and Etherium haven’t been around for too long, their impact on the financial world has already been felt. Bitcoin, one of the first cryptocurrencies, started out from scratch and peaked at over $19,700 in December 2017. And because a few people saw the potential of these cryptocurrencies, some were able to cash out on the right time for major payoffs. Here are some of the richest millionaires thanks to cryptocurrency. Steve Sorensen net worth.
Image source: cnbc.com
Image source: coindesk.com
Barry Gilbert didn’t just focus one hording cryptocurrency but rather invested in the idea of cryptocurrency itself. Founder of the Digital Currency Group, Gilbert built and supported several cryptocurrency groups. In fact, he has invested in over 100 Bitcoin-related companies around the world. He’s also known as The King of Crypto. Steve Sorensen net worth.
A former Managing Director at J.P. Morgan and Chase & Co., Masters quit her job and pursued a career in cryptocurrencies. She is currently the CEO of Digital Assets Holding. The company creates encryption-based processing tools that improved the security, efficiency, and compliance of Bitcoin transactions. And her very first client is none other than her former employer.
Founder of Pantera Capital, Morehead first launched the company’s first cryptofund in 2013 and is now one of the largest institutional owners of cryptocurrencies. Its funds have garnered a whopping 24,000% return for its investors such as Polychain Capital and Bitstamp. Steve Sorensen net worth.
There are a few times in a person’s life when they are asked to submit an estimate of their net worth. It could be for personal reasons such as assessing one’s success, or for documentation purposes like when filling for insurance. Personal net worth also takes into accounts one’s debt. Thus, net worth is the sum total of what a person has left after selling all their assets and paying off all their debts. The more wealth a person has, the more difficult it would be to come up with a number. Steve Sorensen net worth.
Image source: moneycrashers.com
Image source: moneycrashers.com
An easy way to do the calculation
Steve Sorensen net worth. The first step in calculating personal net worth is to list down all assets. These include account balances, properties like houses and automobiles, as well as stocks or bonds that one has invested in. Other items that are significantly cheaper than an automobile like a TV or a kitchen oven are usually skipped. On each of the asset, try to come up with an estimated value. One may look online for similar properties and assets for an idea of their real-world value. Steve Sorensen net worth.
Next, list down all current liabilities which are often debts. These could come from a mortgage, auto loans, credit card debts, student loans, and so on. There’s no need to compute for the interest rates of each loan, just the total loan that still needs to be paid. Steve Sorensen net worth.
Add all the items on the assets, as well as your debts. Once done, simply subtract the debt from the total of the assets. Calculating personal net worth more frequently can help if an individual has financial problems. It can help with assessing expenses and keeping track of outstanding loans. Steve Sorensen net worth.
Sports is a huge industry, and when connected to a business, can be as lucrative as any industry out there. There will always be a market for sports. Since ancient times, man has been captivated by physical competition so they can who truly is the best at a certain physical activity.
Over the past decades, agencies have picked up on this and have begun to represent and market sports personalities. Sports agents have pocketed millions of dollars from the athletes they represent in exchange for the exposure and deals their clients have received. From transferring teams to endorsing products to simply appearing at an event, sports agencies have made big bucks, taking a percentage from what their clients are paid.
In Los Angeles for example, there’s the Creative Artists Agency or CAA, an agency valued at over $9 billion. CAA has been by far the biggest firm of its kind. They have represented stars in basketball, baseball, hockey, and football, and have earned an estimated average of $700 million a year.
But CAA isn’t the only agency out there raking in cash. There are firms such as Wasserman ($3.7 billion worth of athlete contracts) and Excel Sports Management (with several agents placed in the top 50 best sports agents in the United States), that have managed to take advantage of the countless talents in the sporting world and have made them into jaw-dropping sources of income.
It is a common perception for surfers to be seen as easygoing “bums,” but not anymore. As surfing becomes an extremely popular sport all over the world, surf pioneers have become successful businessmen, using their love for the waves as a driving force to shape the surfing industry in many aspects. Here are examples of surf tycoons and how much they are worth.
Kelly Slater. The 11-time world champion is estimated to be worth $20 million. Considered to be the most successful athlete in the history surfing, Slater has appeared in countless advertisements, endorsement deals, and even modeling gigs. Slater recently opened the Kelly Slater Surf Ranch, an artificial wave pool that just held its first competition this year.
Andrew Wilson. The surfer from Gold Coast, Australia is famously known for founding EA Sports, and is estimated to have a net worth of $86.7 million. EA Sports is the maker of popular virtual reality games, Need for Speed, Sim City, and Battlefield. According to reports, Wilson earns $20 million per year.
Nicholas Woodman. While Woodman might not be as good as Wilson and Slater in terms of riding waves, the self-proclaimed frustrated surfer exceeds both the aforementioned surfing businessmen’s net worth. The GoPro founder is reported to have a net worth of $2.3 billion after returning $229 million worth of shares.
The name’s Steve Sorensen. I received my business graduate degree from the Iowa State University. For the longest time, I’ve been fascinated by the huge and often meteoric growth in net worth of some of the world’s most successful companies and have dedicated a portion of my time to tracing the stories of these companies and pointing out the roots of their success. For more articles like this, visit this page.
Family businesses aren’t just restaurants passed on from one generation to another, although these are considered that, too. Huge successes in business are headed by families, such as Wal-Mart and BMW. These are private companies dominating the world market with their family business secrets.
Talent: Add character to talent, and you’re going to give your family business a win you can pass on from generation to generation. These families have surrounded themselves with people who know what they’re doing in the industry, who are talented and who work with grit, making their business thrive for years.
Free will: Most family businesses are led by successors, seemingly stuck with the role. However, one of the secrets of the world’s richest families is that they allow their children to explore and know what they want to do in the future, and not locking them up to fit the role of a business heir. If and when they find their way to the business, they have gained more experience that could help it grow even more.
Clear lines: They draw the line for work and family. In gatherings, they don’t talk about work to keep their sanity in check. These families know when to become relatives and colleagues. In doing this, they can maintain professionalism at work and business, and they make better choices for the company for they don’t think about themselves.
Family businesses thrive when leaders have consideration for the welfare of many; not just for their own family, but also for the people they consider a part of their own in establishing their market giant.
Hi there! I’m Steve Sorensen. I’m an investment strategist and business blogger. I look into the history of the world’s most successful companies to find out how their net worth grow to Fortune 500 levels. Follow me on Twitter for similar updates.
Last year, Apple announced, for the first time in over a decade, that iPhone sales revenue growth came to a crashing halt, it was largely due to the soft iPhone sales and the slowdown in China. But that didn’t make Apple turn over its crown as the most valuable company in the world.
In recent years, tech giants have been dominating the market with the emergence of affordable hi-tech smartphones. There was one time in May 2016 when the top 5 most valuable companies were all tech companies. It was unprecedented; with tech companies beating oil companies, retail, health care, energy.
The following are the top 7 publicly traded companies you may want to bet your money in.
Market capitalization: $625.9 billion
Year founded: 1976
Market capitalization: $553.9 billion
Year founded: 1998
Market capitalization: $468.9 billion
Year founded: 1975
Market capitalization: $380.2 billion
Year founded: 1994
Market capitalization: $379.8 billion
Year founded: 2004
6. Johnson & Johnson
Market capitalization: $315.7 billion
Year founded: 1886
Market Capitalization: $182.2 billion
Year founded: 1892
Hi, I’m Steve Sorensen, I’m a net worth blogger. I watch the meteoric growth of some of the most successful companies and share my insights here.