Someone’s net worth is simply their total assets minus their total liabilities.
Real-life Application: Person A has total assets of $500,000 and total liabilities of $350,000, so their net worth is $150,000.
Q&A: What is net worth?
Someone’s net worth is simply their total assets minus their total liabilities.
Real-life Application: Person A has total assets of $500,000 and total liabilities of $350,000, so their net worth is $150,000.