Editing Net worth (section)

{{short description|Total assets minus total outside liabilities of an individual or a company}}
{{For|the computer networking company|NetWorth}}
{{other uses|High-net-worth individual}}
{{pp|small=yes}}
{{more citations needed|date=August 2022}}

'''Net worth''' is the value of all the non-financial and financial [[asset]]s owned by an individual or institution minus the value of all its outstanding [[Liability (financial accounting)|liabilities]].<ref>''System of National Accounts 2008'', published by the European Commission, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United Nations, and the World Bank, p. 49, section 3.109.</ref> 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.<ref>{{cite news |url=https://www.nytimes.com/2010/05/16/magazine/16Worth-t.html |title=Net-Worth Obsession |author=Ron Lieber |date=May 12, 2010 |work=The New York Times}}</ref>