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Net worth represents the total value of an individual’s or entity’s assets minus their liabilities. It serves as a crucial indicator of financial health, providing a snapshot of wealth at a specific point in time. Assets typically include cash, investments, real estate, and other valuable possessions, while liabilities encompass debts such as mortgages, loans, and credit card balances. Understanding this metric is fundamental to assessing economic standing and financial stability, whether for a global corporation …