What does it mean when someone says he or she is worth millions of dollars?

Question

Does it mean when this person dies, the beneficiary will receive that much of inheritance or it is just how much this person earns and owns until now?

It's just that most of the time I heard a company declares their net worth of something dollars prior to merger or acquisition or bankruptcy, but this is a person - so I wonder if it's the same thing.

Answer 1

if she is being entirely honest, it means that the total number of freeable assets, once debts are deducted from her estate, amount to over a million dollars in ready cash. some people state they are worth a million, but that is gross, not after taxes and other expenses, like long term debt and death expenses.

Answer 2

That their cutting-edge information superhighway well worth is thousands of thousands. yet once taxes come out of the inheritance that's plenty a lot less. yet what's contained in the guy who's well worth that a lot? what number actual acquaintances have they were given? are you able to count number them on 2 hands or do you basically choose one?

Answer 3

Its how much the person is thought to own, in terms of money, real estate, and stocks. Also projected income in involved.

Answer 4

It means they are worth millions of dollars.

Answer 5

Well either they are loaded with money & etc, or their parents are & hand them everything on a silver platter or they are wishful thinking

Answer 6

current total assets

Answer 7

It is probably a cheesy pick-up line.

Answer 8

i think it means taht you are worth a lot and that you are expensive.

Answer 9

now, it's how much stuff they own that amounts to that number.