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From the perspective of the hotel clerk, the hotel has $25 in assets and lost $5 in liabilities ($30 = 25 + 5). From the perspective of the bellhop, his assets are $2, and his liabilities are $3 to guests and $25 to the register at the desk ($30 = 2 + 3 + 25). To illustrate the issue through equations: 1) 10 + 10 + 10 = 30
In 1991, Forbes estimated Michael Jackson 's net worth at $230 million (equivalent to $515 million in 2023), making him the wealthiest musician and the second wealthiest entertainer, behind comedian Bill Cosby. [2] After his death, it is estimated that Jackson's estate is worth over $2 billion as of 2024. [3][4]
[150] [151] In October 2016, Telexfree co-owner James Merrill pleaded guilty. [ 152 ] [ 153 ] Telexfree was a multibillion-dollar Ponzi scheme desguised as an internet phone service company. Prosecutors have described it as the largest fraud of all time in terms of the number of people affected—more than 1 million, with victims in various ...
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