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

  • Condemning Wealth
    "Those who condemn wealth are those who have none and see no chance of getting it."
    - William Penn Patrick
  • What Wealth Does for Individuals
    "The only thing wealth does for some people is to make them worry about losing it."
    - Antoine de Rivaroli
  • Cost of Being Wealthy
    "It's so expensive to be rich."
    - Susan Gutfreund
  • What Wealth Consists of
    "Wealth consists not in having great possessions, but in having few wants."
    - Epicurus
  • Is Wealth Relative?
    "Wealth is not his that has it, but his that enjoys it."
    - Benjamin Franklin
  • 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
  • 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
  • Wealth and the Greatest Man in History
    "The greatest man in history was the poorest."
    - Ralph Waldo Emerson


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