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net worth
This term is primarily used in financial, legal, and accounting contexts to describe a snapshot of financial health. It differs from income, which refers to the flow of money received over a period, by focusing on the accumulated value of ownership after all debts are settled.
In casual conversation, it is often used as a proxy for wealth or social status, particularly when discussing celebrities or business moguls. Because it is a calculated sum, it is treated as an uncountable concept in most financial reporting, though it can be referred to as a specific figure or value.
Meanings
Examples
Calculating your net worth is the first step toward a solid financial plan.
His net worth plummeted after the stock market crash.
She has a high net worth but very little liquid cash.
To find your net worth, subtract your debts from your total assets.
The billionaire's net worth is estimated at over ten billion dollars.
My net worth has slowly grown since I started investing in real estate.
Does a high net worth always guarantee a comfortable lifestyle?