Net worth is the total value of an individual's or a company's assets minus their liabilities. It represents the amount of wealth they have accumulated over time.
Summary:
Net Worth Equals (=) Total Assets minus (- ) Total Liabilities
Assets:
•⁠  ⁠Cash and savings
•⁠  ⁠Investments (stocks, bonds, etc.)
•⁠  ⁠Real estate
•⁠  ⁠Retirement accounts
•⁠  ⁠Vehicles
•⁠  ⁠Other valuable possessions
Liabilities:
•⁠  ⁠Debts (credit cards, loans, etc.)
•⁠  ⁠M...

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