The value (of a business, etc.) after all liabilities have been deducted from the true market value, as opposed to the book value, of the assets; (now frequently) the total wealth of an individual, taking account of all financial assets and liabilities (especially debts).
Origin
1930s; earliest use found in The Economist.
Definition of net worth in US English:
net worth
noun
The value (of a business, etc.) after all liabilities have been deducted from the true market value, as opposed to the book value, of the assets; (now frequently) the total wealth of an individual, taking account of all financial assets and liabilities (especially debts).