For the past 30 years, I have been happily married to my best friend and her husband. I have two sons, one from a previous marriage, and we all live on a farm in the beautiful state of WI.
Angie Stone works for a well known technology company named Sun Valley Analytics. Sun Valley was acquired by a company called Infor, which is the holding company for one of the world’s biggest technology companies. Of course, the people at Sun Valley like to play around and do a lot of things outside of the company (including this story). Their biggest weakness is that they don’t seem to understand the concept of net worth.
Sun Valley has a net worth of $21 billion and is very well known for their $2,000 annual bonus that they offer to employees. They work very hard to make sure that their employees are at the top of their game and that their employees are given the best training and opportunities for their work. When you take a step back, and look at their net worth, they don’t seem to have a clue what their net worth is. At least not to anyone who works at Sun Valley.
A net worth of 27 billion takes a couple of minutes to figure out. It’s not like you can just buy a bunch of net worth money and spend it, but maybe you can.
What net worth is the average Sun Valley employee worth? That is a question that would probably take an entire book. It is the number of dollars the employees make, and each dollar of net worth is worth something. If you make $1 million and your company has an employee who makes $1 million, that is $1 million times $1 million is $1 million, because $1 million times $1 million is $1 million.
So, is your average Sun Valley employee worth $1 million? Well, maybe you can figure that out. One of the tools we use to figure out employee value is company value (as defined in the IRS code). If you look at the IRS code that defines company value, it will tell you what each dollar of net worth (or total net worth) is worth, but it won’t tell you what the average net worth is.
In this case, we are looking at the IRS’ definition, which is the dollar amount of the company’s total net worth. It is an estimation of the company’s total net worth.
The average net worth for the top 1% of American households is about $10 million. The median net worth for the top 1% of American households is only $2 million. So, what about the median net worth of the top 1%? You can find this information here. However, the median net worth for the top 10% is the highest of all the percentiles, so the median net worth of the top 10% is likely to be the highest of all the percentiles.
The median net worth for the top 1 of American households is the highest of all the percentiles. It is the middle of the 10% of all the companies we’ve looked at here. The middle 10% of companies are the richest 10% of all the companies.
It seems to me that the richest 1% of households have at least as much money as the poorest 50% of households. If so, then the wealthiest 1% of American households have at least as much money as the poorest 50% of American households.