It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
In May 2002, Herbalife founder, chairman, and chief executive officer Mark Reynold Hughes, was found dead at his $27 million oceanfront mansion in Malibu, California. Hughes died after a 4-day drinking binge, apparently from an overdose of alcohol and the antidepressant drug doxepin.