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..
Ritts also directed television commercials and music videos, among the most famous, Madonna's Cherish and Chris Isaak's Wicked Game.. Most recently he worked on Shakira's Underneath Your Clothes, 'N Sync's Gone and Britney Spears' Don't Let Me Be the Last to Know.. Ritts is survived by his partner, Erik Hyman, his mother, Shirley Ritts, his sister, Christy Thrasher and his brother, Rory. 1  Share.