Mariah Carey Net Worth: How the Pop Legend Built a $350M Fortune
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Key terms
- Net WorthThe total value of your assets minus your liabilities. A key measure of financial health that should ideally increase over time as you build wealth.
- Net IncomeIncome remaining after all deductions, taxes, and expenses are subtracted from gross income. Also called take-home pay for individuals or net profit for businesses.
- Net MarginThe percentage of revenue that remains as profit after all expenses, including operating costs, interest, taxes, and depreciation, have been deducted. Net margin is often considered the most comprehensive measure of a company's overall profitability and is sometimes called the 'bottom line.' It is calculated by dividing net income by total revenue and helps investors compare the profitability of companies across different industries and sizes.
- Net Income (Budgeting)Your take-home pay after all taxes, deductions, and withholdings are subtracted from gross income. This is the actual amount available for spending, saving, and investing, and should be the basis of your monthly budget.
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