Net worth

total assets minus total outside liabilities of an individual or a company

Net worth is the amount of all the non-financial or financial money owned by an institution or person.[1] Net worth can apply to companies, individuals, governments or economic sectors such as the sector of financial corporations or to entire countries.[2]

ReferencesEdit

  1. System of National Accounts 2008, published by the European Commission, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United Nations, and the World Bank, p. 49, section 3.109.
  2. Ron Lieber (May 12, 2010). "Net-Worth Obsession". The New York Times.