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Questions and StoriesCategory: QuestionsCan One’s Financial Net Worth Be Truly Assessed?
Vicaris 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?

4 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?

Nolo answered 2 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 2 weeks ago

Spot on

Birembero4 answered 6 days 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 

fdk191503 answered 6 days 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. 

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