Do you know how to determine your net worth? You subtract your total debt amount from your total asset amount., and the number you’re left with is your net worth.
For most of us, it’s easy to figure out our net worths. For celebrities, it can be a little harder to understand. Multiple accounts or companies, investments, endorsements, all under the public eye can make for more smoke and mirrors than truth from celebrities.
That seems to be the case with Ashy Bines net worth.
Ashy Bines is a ‘fitness guru’ from Australia. She’s 28 and has become popular in the last few years due to her popular Instagram account (featuring many photos of her enviable body) and her fitness and clean eating programs. She is currently on a world tour, bringing her workouts and plans to customers around the globe. Additionally, she has a reality tv show called ‘Ashy Bines RAW.’
From Bines’ Instagram account
Bines started selling a 12 Week Bikini Challenge and her Ashy Bine Booty Challenge. She has over 2.4 million followers on her social media channels and quickly saw a lot of takers for her products. As a result, her net worth swelled. Or did it?
Bines has been accused of continuing to charge people after they cancel their accounts, stealing people’s recipes for her cookbooks, and has been fined by the Australia government for failure to pay her taxes. She owed $300,000 in back taxes in 2015.
So here’s where it gets interesting. Ashy Bines net worth seems to be in the millions- a successful career, products that sell continually. Yet when you own back taxes and the quality of your company gets called into question, your net worth can fluctuate wildly.
Ashy Bines net worth is not what you expect it to be. With such an array of products, all her publicity and her followers, one could easily estimate that she is worth over a million dollars. Other people in her world have similar net worths: fitness guru Kayla Itsines (another Aussie) is worth over $46 million.
As far as I can tell, Ashy Bines net worth is somewhere around $150,000. Certainly not chump change, but nothing remarkable.
What can we learn from this? Several things:
-controversy affects business
-always pay your taxes
-fame doesn’t equal net worth
Ashy Bines is a lesson for us all. One, provide great, consistent and original service to your clients. Don’t steal, copy or try to be someone else. In a saturated world, authenticity shines through, and people can see through a fake in an instant.
As for money, no one should follow the Bines model. Pay your taxes, especially if you’re a freelancer doing so quarterly.
Looking for more great articles on how I handle my money? Try these articles:
Kara Perez is the original founder of From Frugal To Free. She is a money expert, speaker and founder of Bravely Go, a feminist financial education company. Her work has been featured on NPR, Business Insider, Forbes, and Elite Daily.