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Questions and StoriesCategory: QuestionsCan One’s Financial Net Worth Be Truly Assessed?
Nnaemeka Victor asked 3 weeks ago

Can One’s Financial Net Worth Be Truly Assessed?

I think it would be extremely difficult to ascertain if the person is not willing to reveal his liquid assets. What’s your opinion?

10 Answers
Edward Duffy answered 3 weeks ago

I am not sure if it can be truly assessed. There are many factors to value someone’s net worth. Is a persons intellect part of a person’s net worth?

David Matlala answered 3 weeks ago

Financial net worth of a person or corporation is the value of their assets minus their liabilities. From this definition, what’s put on the table can be fully assessed – which is what normally the case is – but what’s well hidden will remain unknown.

Vicaris replied 3 weeks ago

Spot on

Birembero4 answered 2 weeks ago

It’s very difficult to access ones wealth.since most income  and payment comes from outside banks consider women who sell  sex for money 

Ahmad Khasan answered 1 week ago

Yes, it can. But as you said, the self reported financial worth might not accurate in showing one’s true financial worth. However, if the authoritative body need to know one’s financial worth, they have every means to get it. And they can thoroughly identify every asset that belong to a particular person. 

Leno Jean Pierre answered 2 days ago

Yes it can be assessed if it’s known but what is hidded can not be assessed.

Edward Duffy answered 2 days ago

Looking at the question again, yes financial net worth can be assessed. The thing that would be difficult to assess would be potential or future earning capacity

Jackson Mugarura answered 2 days ago

I don’t think this is 100% possible, because of changes in currency and stock markets. It’s possible that, a person can lose many billions in just a single day because of changes in currency and stock markets!

Jackson Mugarura answered 2 days ago

Again this position change from time to time, one can make an assessment today but within a single day, this position can go up or down!
So I’d say that, t’s not easy to make a realistic assessment.

kenndy4reality answered 2 days ago

Absolutely no. Very hard. Even a poor man net worth is difficult to be truly assessed. 

Gareth White answered 2 days ago

The old fashioned method of finding your net worth is was by subtracting all liabilities from assets. An asset being anything you own that has monetary value and liabilities are things such as loans and mortgages. Obviously this doesnt include intellect/ knowledge and future earning capacity but that also isnt realised because its not actual if you die tomorrow.

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