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

It could mean different things.
Could mean total assets.
Could mean potential worth over time.
Could mean they're bragging.
What it doesn't take into account is debt, which could also be in the millions of dollars!

Answer 2

That their current net worth is millions. But once taxes come out of the inheritance it's quite a bit less. But what's inside the person that's worth that much? How many real friends do they have? Can you count them on two hands or do you just need one?

Answer 3

They have either cash, properties, and or assets that have a dollar amount over 2 million. But usually the more they have the less they are worth.

Answer 4

a beneficiary is a person who will be left to an account after the person dies, if it is a bank account, the beneficiary will recieve the money that is in that account

Answer 5

Yes,like you said, if that person dies, the beneficiaries will receive all his or her possessions !!!

Answer 6

If they are worth that amount it means that they could wright a check at that time for that amount !

Answer 7

I think it means that they are self-centered and they think or want to be rich !! this is what i think

Answer 8

Hello, what do you think it means.

Answer 9

it means you are all wrinkled and green

Answer 10

They are broke...