Another Term for Net Worth
Another common term for net worth is "shareholders' equity" or "owner's equity." In personal finance, it simply means the value of everything you own minus everything you owe.
On a balance sheet, net worth is also called book value or net assets. It shows the residual interest after subtracting total liabilities from total assets.
For a company, this figure is often labeled shareholders' equity or stockholders' equity. It represents the owners' claim on the business after all debts are paid.
You can track your personal net worth with financial tools and calculators. Learn more about how net worth is calculated at Investopedia.
