Is a person's net worth reflective in his current bank account balance?

[King Belieal]

It is pretty simple. Can a person have a high net worth with a pretty small bank account balance at the moment?

What are the variables that are used to estimate the value of a person's net worth? What is the role of a person's bank balance towards a person's net worth?

 

[Kross]

The net worth is a sum total of the value of the assets that a person has. It might not be reflecting of bank account.

 

[eLdavis]

The network with does not really reflect what the person have on their bank account, it is the accumulation of everything they have, including their clothes, houses, material things and so on.

 

[Augusta]

The net worth is a sum total of the value of the assets that a person has. It might not be reflecting of bank account.

My thought exactly it is not necessarily the person's current account balance. Some people store their net worth in different assets and investments

 

[Springtime]

I do not think a person's bank account balance reflect his/her net worth. Some individuals have other investments such as stock, mutual funds, bonds, gold or other fixed and liquid assets.

 

[Augusta]

No, a person's net worth is not solely reflected in their current bank account balance. Net worth represents the total value of assets minus liabilities,

 

[Fidelia]

It is the asset that a person has that is used to determine the net worth of that person. Cash is so volatile.

 

[King Belieal]

Some people are worth millions but they don't have $5k in their account. It is the value that you carry, and not the bank account balance.

 

[Suba]

In personal finance, a person's net worth refers to all of their total wealth, both liquid and fixed assets, minus liabilities. Therefore, a person can have a high net worth while having a very low bank account.

 

[Augusta]

Ones net worth is the sum of everything an individual ownes less their total debt. So ones bank balance would only be a small component in calculating net worth.