Net worth

Total assets minus total outside liabilities of an individual or a company / From Wikipedia, the free encyclopedia

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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.[1] 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.[2]