Net worth is a measure of an individual's financial health and is calculated by subtracting their total liabilities (what they owe) from their total assets (what they own).

In other words, net worth is the difference between what you own (your assets) and what you owe (your liabilities). Assets may include things like cash, investments, real estate, and personal property, while liabilities may include things like mortgages, loans, credit card debt, and other financial obligations