personal assets
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personal assets
The total assets (money, real estate, securities, etc.) that belong to a private individual and are not part of a company.
Als Einzelunternehmer haftet er auch mit seinem gesamten Privatvermögen.
As a sole proprietor, he is also liable with all of his personal assets.
The word is made up of the adjective 'privat' (private) and the noun 'das Vermögen' (assets/wealth). So it literally refers to the assets that belong to a person privately and are separate from business assets.
Er hat sein gesamtes Privatvermögen in die Gründung seiner Firma investiert.
He invested all of his personal assets in founding his company.
'Privatvermögen' (personal assets) is an important term in business and legal contexts. It is used especially often in connection with the 'Haftung' (liability) of entrepreneurs.
Bei einer GmbH ist die Haftung in der Regel nicht auf das Privatvermögen der Gesellschafter ausgedehnt.
In the case of a GmbH, liability generally does not extend to the shareholders' personal assets.
Typical verbs used with 'Privatvermögen' (personal assets) are 'haften mit' (to be liable with), 'einsetzen' (to use/invest), 'schützen' (to protect), or 'antasten' (to touch/dip into). It often appears together with a possessive pronoun.
Im Falle einer Insolvenz muss sie mit ihrem Privatvermögen haften.
In the event of insolvency, she must be liable with her personal assets.
fortune / ability
'das Vermögen' and 'das Privatvermögen' both mean financial assets. 'das Vermögen' is the more general expression and can belong to a person, a family, a company, or an organization. 'das Privatvermögen' refers more specifically to the assets of a private individual and distinguishes them from company assets or business property. The words can be confused when talking about a person. If the contrast with a company is important, 'Privatvermögen' is more precise.
Ihr Privatvermögen bleibt getrennt vom Geld der kleinen Firma.
Her personal assets remain separate from the money of the small company.
Nach dem Verkauf der Wohnung ist ihr Vermögen deutlich gewachsen.
After the sale of the apartment, her fortune grew significantly.