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.
Personal Net Worth Statement. A personal net worth statement is a snapshot of an individualâs financial health, at one particular point in. time. It is a summary of what is owned (assets), less what is owed to others (liabilities). The formula used is: assets - liabilities = net worth.