Who Are People with High Net Worth
People with high net worth typically have liquid assets above a defined threshold. In wealth management, this term often refers to individuals with at least $1 million in investable assets, though thresholds vary by institution and region.
How Net Worth Is Measured
Net worth equals total assets minus total liabilities. Assets include cash, investments, real estate, and business interests, while liabilities cover debts such as mortgages, loans, and unpaid taxes.
Why High Net Worth Matters
High net worth status affects access to financial services, investment strategies, and tax planning. Institutions often offer private banking, customized portfolios, and estate planning to these clients, as noted by the Securities and Exchange Commission at https://www.sec.gov.
