Simply put, Net Worth = Assets – Liabilities This would mean that Jeff Bezos has approximately $200B worth of assets after subtracting all the loans & bills that he owes.
Use your 20s to save aggressively and save everything! We paid off $800K in student & housing debt and accumulated $2M in assets in under 10 years. What’s our secret? We saved every dollar!
As per the American Federal Reserve, the average net worth by age 35 is $76,300. If that seems high, it’s because the ‘average’ gets skewed due to ultra-high net worth individuals.
The average net worth by age 55 is $833,000 and the median is $169,000.
The average net worth by age 65 goes up to $1.18 Million, while the median sits at $212,000.