Brent crude oil futures, which trade in London and are used as a benchmark to set prices for more than half of the worldâs oil, reached a record of $139.83 a barrel on June 30, 2008, according to data compiled by Bloomberg. By Jan. 13, the price had plunged 67 percent to $46.59.
Net worth. In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time. In the case of an individual, the term estate is used in relation to deceased individuals in probate. For businesses, the term is used in the context of fraudulent law and on the dissolution of the company.
What is net worth? Net worth is what you own minus what you owe. In other words, the total value of your assets minus your liabilities equals your net worth. Look at it this way: If you own a home worth $300,000 and you owe $100,000 on it, you have $200,000 in equity toward your net worth. To calculate your total net worth, add up all the things you own and subtract all the things that you oweâthatâs your net worth. According to the U.S. Census Bureau, the median net worth of American households is $80,039.