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- DictionaryNet worth
noun
- 1. the total wealth of an individual, company, or household, taking account of all financial assets and liabilities: "with a net worth of $150 million, he is among the richest golfers in the sport today"
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Jun 7, 2023 · Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe. Find your net worth by using our net worth calculator.
Summary. Net worth is the value of a person or company and can be computed by deducting the total liabilities from the total assets that are owned by the individual/company. If an individual or company owns assets that are greater than liabilities, it is said to show a positive net worth.
the value of the assets (= property and money) that a person or business has, after any debts are taken away: He has a net worth of about £70 million. The firm specializes in advising high net worth individuals. SMART Vocabulary: related words and phrases. Costs & expenses.
For individuals, net worth or wealth refers to an individual's net economic position: the value of the individual's assets minus liabilities. Examples of assets that an individual would factor into their net worth are retirement accounts, other investments, home (s), and vehicles.
Dec 8, 2023 · Key takeaways. Net worth is everything you own minus everything you owe. People of all income levels can work toward building positive net worth by saving more, paying off debt, and investing. Net worth is one way to measure your overall financial well-being.
Jul 11, 2022 · Net worth is the value of everything you own, both your financial and non-financial assets, minus any debts you owe. Was this page helpful? Net worth is the total value of assets owned minus the total amount of liabilities. It can be calculated for individuals, companies, or public entities.
the value of the assets (= property and money) that a person or business has, after any debts are taken away: He has a net worth of about $70 million. The firm specializes in advising high net worth individuals. SMART Vocabulary: related words and phrases. Costs & expenses. admission charge. airfare. aliment. all in. at cost.
