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

  • One Perspective on Wealth
    "The only wealth is life."
    - Henry David Thoreau
  • 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
  • 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
  • Wealth and Worth Relative to People
    "People's wealth and worth are very rarely related."
    - Malcolm Forbes
  • Why Wars are Caused
    "Wars are caused by undefended wealth."
    - Ernest Hemingway
  • Condemning Wealth
    "Those who condemn wealth are those who have none and see no chance of getting it."
    - William Penn Patrick
  • 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
  • What is Wealth?
    "Wealth is the product of man's ability to think."
    - Ayn Rand

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