Net worth refers to the total value of assets owned by an individual, organization, or entity, minus any liabilities or debts. It is a measure of financial wealth and is calculated by subtracting the total liabilities from the total assets.

Assets can include cash, investments, property, and other valuable items, while liabilities can include loans, mortgages, and other debts. Net worth is an important indicator of financial health, as it shows how much money an individual or organization would have left over if they sold all their assets and paid off all their debts.

High-net-worth individuals are often able to access better financial products and services and may have more opportunities for investment and wealth creation.