Definitions (3)

1.General: Tangible or intangible thing that makes a person, family, or group better off.
2.Accounting: Value of an entity's accumulated tangible cash, land, building, etc.) and intangible (copyright, patents, trademarks, etc.) saleable possessions minus liabilities.
3.Economics: Total of all assets of an economic unit that generate current income or have the potential to generate future income. It includes natural resources and human capital but generally excludes money and securities because the represent only claims to wealth. Two common types of economic wealth are (1) Monetary wealth: anything that can be bought and sold, for which there is market and hence a price. The market price, however, reflects only the commodity price and not necessarily its value. For example, water is essential for human existence but is usually very cheap.
(2) Non-monetary wealth: things which depend on scarce resources, and for which there is demand, but are not bought and sold in a market and hence have no price. Examples are education, health, and defense.

Use wealth in a sentence

  • Some say wealth may be time plus mobility plus cash but I also think health is wealth, this is because it may be subjective.

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  • The multibillionaire computer magnate had amassed so much wealth that he'd never be able to spend all of his money even if he lived for thousands of years.

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  • Down around the corner on the left here, is my boss' house, as you can see, he is quite the accumulator of wealth.

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Notable Quotes

  • What Wealth Cannot Buy
    "If all the gold in the world were melted down into a solid cube it would be about the size of an eight room house. If a man got possession of all that gold -- billions of dollars worth -- he could not buy a friend, character, peace of mind, clear conscience or a sense of eternity."
    - Charles F. Bunning
  • Surplus Wealth
    "Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community."
    - Andrew Carnegie
  • The Gratification of Wealth
    "The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application."
    - Miguel de Cervantes
  • The Division of Wealth and the Wealthy
    "If all the rich people in the world divided up their money among themselves there wouldn't be enough to go around."
    - Christina Stead
  • Wealth and Control
    "If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed."
    - Edmund Burke
  • A Perspective on Wars and Wealth
    "Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service."
    - Socrates
  • Wealth and the Greatest Man in History
    "The greatest man in history was the poorest."
    - Ralph Waldo Emerson
  • Condemning Wealth
    "Those who condemn wealth are those who have none and see no chance of getting it."
    - William Penn Patrick
  • Is Wealth Relative?
    "Wealth is not his that has it, but his that enjoys it."
    - Benjamin Franklin
  • Why Wars are Caused
    "Wars are caused by undefended wealth."
    - Ernest Hemingway
  • What is Wealth?
    "Wealth is the product of man's ability to think."
    - Ayn Rand
  • Mankind and Wealth
    "The lust of avarice as so totally seized upon mankind that their wealth seems rather to possess them than they possess their wealth. (Pliny, 23-79 A. D.)"
    - Pliny the Elder
  • Cost of Being Wealthy
    "It's so expensive to be rich."
    - Susan Gutfreund
  • One Person's Experience on Wealth
    "I started out with nothing. I still have most of it."
    - Michael Davis
  • Wealth and Worth Relative to People
    "People's wealth and worth are very rarely related."
    - Malcolm Forbes
  • One Perspective on Wealth
    "The only wealth is life."
    - Henry David Thoreau
  • Wealthy Individuals and Their Possessions
    "Many wealthy people are little more than janitors of their possessions."
    - Frank Lloyd Wright
  • The Fortitude of Millionaires
    "Nothing is more admirable than the fortitude with which millionaires tolerate the disadvantages of their wealth."
    - Rex Stout
  • What Wealth Does for Individuals
    "The only thing wealth does for some people is to make them worry about losing it."
    - Antoine de Rivaroli
  • Praising the Wealthy
    "If a man is proud of his wealth, he should not be praised until it is known how he employs it."
    - Socrates
  • What Wealth Consists of
    "Wealth consists not in having great possessions, but in having few wants."
    - Epicurus

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