Net worth
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Net worth refers to the amount of assets which exceed liabilities.[1]
It takes at least $10 million to be defined as a high net worth individual. Ultra-high net worth individuals have more than $50 million in assets.[2]
References
- ↑ Financial and Economic Terms. Texas A&M University. Retrieved on October 3, 2008.
- ↑ $1 Million - Big Whoop, Financial Services Industry Changes Definition Of Rich. MarketWatch. Retrieved on October 3, 2008.
