Menu
Home
People
Places
Arts
History
Plants & Animals
Science
Life & Culture
Technology
Reference.org
Net worth
open-in-new
<p>Net worth is the value of all the non-financial and financial <a href="/facts/Asset/o7TARXhB">assets</a> owned by an individual or institution minus the value of all its outstanding <a href="/facts/Liability_(financial_accounting)/cvyGGW4w">liabilities</a>. 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. </p>