Definition, Meaning & Synonyms
personal wealth
Noun
/ˈpɜːrsənl wɛlθ/
Definition
Personal wealth refers to the total value of an individual’s assets, which can include cash, investments, properties, and other possessions, minus any liabilities or debts they may have.
Examples
- She decided to invest in real estate to grow her personal wealth.
- Building personal wealth requires careful financial planning and investments.
- Many people seek to increase their personal wealth through diverse income streams.
Meaning
The financial resources and net worth owned by an individual, often indicative of their economic status.
Synonyms
- Financial security
- Net worth
- Assets
- Capital
