Chad Ochocinco proves google be lieing about net worth

MoveForward

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Football players are cringey overgrown c00ns… Why is that clown talking like he inhaled helium? Took all of the bass out of his voice.
 

Music Fiend

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They also include liabilities too. So you can have15 mil in cash, but if you owe the government 10 mil, your net worth still technically 5.

The real question is why he has 15 million just chilling in a checking account earning zero interest?
His point is he probably also has all of those things on top of the casual 15 mil in his account.

He's just saying at minimum it should be 15M
 

tuckgod

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They also include liabilities too. So you can have15 mil in cash, but if you owe the government 10 mil, your net worth still technically 5.

The real question is why he has 15 million just chilling in a checking account earning zero interest?

He had someone wire him the money real quick before the show to make that point
 

Luke Cage

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His point is he probably also has all of those things on top of the casual 15 mil in his account.

He's just saying at minimum it should be 15M
i get it, but like i said people are acting like they are lying and getting all butthurt. They not lying, they're just guessing based on what's known publicly.
 

xXOGLEGENDXx

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Net worth has been miscalculated for decades. It's now a gossip-ish type of thing to say how much money one has. Net worth is how much money you have in assets minus your liabilities/debt

So if I have $100 in all assets, but $30 in debt, then my net worth is $70
 

tuckgod

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Everybody needs a friend that'll just wire you 15 mill real quick on a tuesday. thats almost as valuable as dinner with jay-z

Nah he probably had this cookin after he got mad about those sites putting him on blast
 

Crude

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They also include liabilities too. So you can have15 mil in cash, but if you owe the government 10 mil, your net worth still technically 5.

The real question is why he has 15 million just chilling in a checking account earning zero interest?
^^^This

They also take into account properties, investments a person has interest in, and what a person owns as well especially non-movables that people have equity in.

Most people take don’t understand how net worth works.

Just because Elon Musk is worth 272 billion does not mean he has that money sitting in a bunch of bank accounts. They take into account his debts and liabilities, stock in his companies, properties, equity in non-movables and other figures to come up with those numbers. He doesn’t have 272 billion liquid cash.
 

Toe Jay Simpson

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Isn’t only $250K insured?
For you and me yeah, but for people who actually are going significantly over that amount you’ll be dealing with more knowledgeable bankers who have more specific resources to incentivize keeping your money with that bank
 

King

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For you and me yeah, but for people who actually are going significantly over that amount you’ll be dealing with more knowledgeable bankers who have more specific resources to incentivize keeping your money with that bank
It usually involves multiple bank accounts.

You can’t keep that much money in one acct because it isn’t all insured.

Some people wrap theirs up in assets too.

Scumbag shyt
 
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