Saturday, November 14

What’s There Networth? Sorting Out Groups, Couples and Families

What's there networth? If you mean a group, couple or family, here is how combined wealth is counted and how to find reliable, sourced figures.

what's there networth - Juist, Altes Warmbad -- 2014 -- 3632
Image: Dietmar Rabich / Wikimedia Commons, CC BY-SA 4.0

The search what’s there networth almost certainly means “their” net worth, which suggests you are asking about a group of people: a couple, a family, a band, a team or a company’s founders. That is a more complicated question than it looks, because combined wealth can be counted in several ways, and many online answers get the method wrong.

Start by naming the group

A search engine cannot tell who “they” are. Before looking for a figure, write down the names and decide what kind of group it is. A married couple shares assets differently from a family of adult siblings, and a band is different from a company.

How combined wealth is counted

Married couples

Most assets in a marriage are treated as joint, so combined net worth is usually the sum of both partners’ assets minus their debts. Be careful, though: some assets can be owned separately, such as property acquired before the marriage, inherited money or items protected by a prenuptial agreement. Websites often add two individual estimates together, which can double count shared assets.

Families

Family wealth is often held in trusts, companies and partnerships. A published family figure, such as those in rich lists, is an estimate of the total, not what each person owns. Individual members may hold very different shares, and some may hold none.

Bands and teams

The members of a band may each have their own net worth, since they earn different shares of royalties, touring income and publishing. A figure for the “band” is just the total of individual guesses, and it tells you little.

Founders of a company

Founders each own a stake, and the value of the company is divided by shareholding. Rich lists usually report each founder separately.

What’s there networth: the three questions to ask

  1. Who is included? Is it the couple, the whole family, or only those with public profiles?
  2. What is counted? Assets owned personally, family trusts, or shares in a company?
  3. When was it calculated? Values change over time.

Where reliable figures come from

  • Forbes and Bloomberg for billionaires and wealthy families.
  • The Sunday Times Rich List for the United Kingdom.
  • Hurun for India and China.
  • Company filings for founders of listed companies.

Warning signs

  • A single figure for a whole family, with no explanation of who is counted.
  • Numbers that add up individual estimates without checking for overlap.
  • No date and no source.

A short example

Imagine a couple, each with a publicly reported estimate. One has fifty million and the other thirty million. A careless page says “their combined net worth is eighty million”. A careful reader checks whether they own a house together, whether one owns a business that the other also has a share in, and whether some of the money is held in trusts. After that check the combined figure may be lower than eighty million, or the pieces may not be separable at all.

Our guide to finding out what someone’s net worth is from public sources goes through the checks, and the page on how a couple’s combined wealth is reported shows the idea in practice. The Sunday Times Rich List is described at thetimes.com.

Why the wording of a search matters

Misspellings and fragments are common when we type fast, and search engines have become good at guessing what we meant. But guessing breaks down when the question has no subject. If you type a fragment such as this one, the engine falls back on popular pages about net worth in general. Adding a name, a word like “couple” or “family”, or the place where you saw the group, makes the results far more useful, and it gets you to a sourced figure quicker.

If you are researching for a project

Keep a record of each figure with its source and date, and note how combined numbers were calculated. If two sources disagree, report both and explain the difference. That level of care makes your work easy to defend and to update later, and it is the standard that careful researchers and journalists follow.

The short answer

If you ask what’s there networth, first say who “they” are, then check how the combined figure was counted and by whom. If you tell me the names, the same method will give you a sourced answer.

This article names no individual’s wealth. It is general information, not financial advice.

Photo of invisionfree