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The term “net worth” refers to a financial metric representing the total value of all assets owned by an individual or entity, minus all liabilities owed. It provides a comprehensive snapshot of financial health at a specific point in time, indicating economic standing and accumulated wealth. Assets can include tangible items like real estate, vehicles, and investments, as well as intangible assets such as intellectual property or brand value. Conversely, liabilities encompass debts like mortgages, …