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This question is about american net worth statistics.
You calculate net worth by subtracting the total of all liabilities from the value of all assets. More simply, your net worth is what's left of the value of what you own after you subtract what you owe (often in the form of debt).
For example, if Charlie has $500,000 worth of assets (e.g., house, property, vehicles, etc.) and owes $350,000 worth in debt on these and other assets, that means his net worth is $150,000.

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