The value of what you own is reduced by the value of what you owe resulting in your net worth. You can own $40 billion in assets but if your liabilities are $40 billion your ... moreThe value of what you own is reduced by the value of what you owe resulting in your net worth. You can own $40 billion in assets but if your liabilities are $40 billion your net worth is zero. Does anyone KNOw what Donald John owes and to whom?
