Uncle MK,

I don't believe in annuities and endowments, as I think I can generate better returns than the insurance company.

Agree with you that it's tricky to add value of business to net worth calculation. Valuation methods are just estimates, until there is a buyer, they are just numbers. So I simply don't. I only count cash and liquid financial assets plus properties. I have already exited and cash out my main business anyway. The other businesses I consider as risky investments and would be a bonus if they succeed. I am quite kiasu. Haha