The world was recently reeling from the news that Bill and Melinda Gates are divorcing after 27 years of marriage.
Apart from being shocked that such a decision has been made after having three kids and having journeyed through 27 long years of marriage, people are also interested in how their net worth will change after the divorce as they split assets and family wealth. According to some studies, Bill Gates’ net worth is currently standing at 129.7 billion USD, while Melinda’s net worth is 2.9 billion USD.
You might be thinking that such calculations make sense for the wealthy, however, is it relevant at all for the average Singaporean?
I would like to propose that tracking your net worth is an important part of financial planning and will help you to achieve your financial goals in the long run.