There are two ways of measuring wealth.
I didn’t realize this explicitly. I did note this implicitly.
The American Method of Measuring Wealth
The first way is the American method. In United States, when they refer to wealth, you tend to hear someone say, “He has a net worth of $1,500,000.”
What she means is that if this person in question sold her assets, settled all her debts and deposited the remainder of her money into a checking account in a particular bank.
This method of measuring wealth grew in popularity during the rise of Rockefeller and Carnegie.
We can call this net worth or net wealth (because people find the link of wealth to worth to be uncomfortable)
And you can compute this using the personal