Book value doesn't mean a great deal with regards to personal wealth. Turnover would be a good place to start & gross profit would tell more of the story, but without seeing what he had taken in direct payments you can't estimate his earnings.
A companies worth is measured by whether it makes clear profit, not by it's assets minus its liabilities, that's a bit like saying your creditworthiness is measured by what you have in your house in assets, not by what you earn.
Also I'd expect a successful businessman to have failed companies behind him, success comes from trying new ventures & being prepared to fail.
I suspect he's nowhere near as wealthy as he claims but who knows.
A companies worth is measured by whether it makes clear profit, not by it's assets minus its liabilities, that's a bit like saying your creditworthiness is measured by what you have in your house in assets, not by what you earn.
Also I'd expect a successful businessman to have failed companies behind him, success comes from trying new ventures & being prepared to fail.
I suspect he's nowhere near as wealthy as he claims but who knows.



