Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Net worth?
Summarize this article for a 10 years old
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net worth can be expressed as the sum of non-financial assets and net financial assets. This concept can apply to companies, individuals, governments, or economic sectors such as the financial corporations sector, or even entire countries.