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Net worth represents the total value of an individual’s or entity’s assets minus their liabilities. It provides a snapshot of financial health at a specific point in time, indicating what an entity owns versus what it owes. This calculation includes all tangible and intangible assets such as cash, investments, real estate, and intellectual property, offset by debts like mortgages, loans, and credit card balances. Understanding this metric is crucial for assessing financial stability and growth …