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Net Worth is the total value of an individual's financial assets, such as cash, property, investments, and other valuables, minus their liabilities, like debts or loans. It serves as a snapshot of a person’s overall financial health. To calculate net worth, you simply subtract the total liabilities from the total assets. For individuals, this might include savings accounts, real estate, and personal possessions, while for celebrities, net worth often reflects earnings from their career, endorsement deals, investments, and businesses. Understanding net worth helps individuals and public figures track financial progress and plan for future wealth.
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