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

  1. Financial and Economic Terms. Texas A&M University.
  2. $1 Million - Big Whoop, Financial Services Industry Changes Definition Of Rich. MarketWatch.