wealth

noun
\ ˈwelth also ˈweltth How to pronounce wealth (audio) \

Definition of wealth

1 : abundance of valuable material possessions or resources
2 : abundant supply : profusion
3a : all property that has a money value or an exchangeable value
b : all material objects that have economic utility especially : the stock of useful goods having economic value in existence at any one time national wealth
4 obsolete : weal, welfare

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Examples of wealth in a Sentence

a nation that has acquired great wealth someone whose sole goal is the accumulation of wealth Her personal wealth is estimated to be around $10 billion. What percentage of the national wealth is spent on health care? I was impressed by the wealth of choices. Libraries offer a wealth of information.
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Recent Examples on the Web Such wealth effects build over time when the market is rising but can have a more immediate impact when stocks are tumbling, Zandi says. Paul Davidson, USA TODAY, "The coronavirus economy: As Americans shy away from malls and movie theaters, the damage to livelihoods grows," 13 Mar. 2020 The $15,000 home tax credit would be accessible to an individual at the time of a home purchase and is aimed at reducing the wealth gap experienced by black and Hispanic communities due to their lower rates of home ownership. Nihal Krishan, Washington Examiner, "Biden offers $15K to first-time homebuyers as part of new housing plan," 24 Feb. 2020 With Morgan Stanley moving to prioritize wealth management, a more reliable source of income than the investment banking and trading operations that made its name, the play makes sense. Julia Horowitz, CNN, "Is Morgan Stanley paying too much for E*Trade?," 21 Feb. 2020 The bank is doubling down on its success in wealth management Choose us for news analysis that respects your time and intelligence Get up to 80% off a quarterly subscription with View subscription options Cancel at any time. The Economist, "Cut your losers, let your winners run Why Morgan Stanley wants to buy E*TRADE," 20 Feb. 2020 Supporters say giving every child a trust fund could help level the economic playing field and close the racial wealth gap. 2. Abigail Abrams, Time, "8 Radical Ideas for a More Equal America," 20 Feb. 2020 Businesses such as wealth management and insurance help raise a bank’s non-interest income. Patrick Danner, ExpressNews.com, "San Antonio banks benefiting from area’s strong economy," 13 Feb. 2020 No surprise, given consistent growth in income and wealth gaps in recent decades. oregonlive, "Super wealthy dead people to help trim Oregon’s PERS deficit," 12 Feb. 2020 In essence, these policies were designed to create a temporary wealth effect that would compel the rich to do something useful with their money. Washington Post, "The 2010s were a banner decade for big money and tech — and esports reaped the rewards," 28 Jan. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'wealth.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of wealth

13th century, in the meaning defined at sense 4

History and Etymology for wealth

Middle English welthe, from wele weal

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Learn More about wealth

Time Traveler for wealth

Time Traveler

The first known use of wealth was in the 13th century

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Statistics for wealth

Last Updated

26 Mar 2020

Cite this Entry

“Wealth.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/wealth. Accessed 1 Apr. 2020.

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More Definitions for wealth

wealth

noun

Financial Definition of wealth

What It Is

In the business world, wealth is a measure of financial resources.

How It Works

Wealth is usually a measure of net worth; that is, it is a measure of how much a person has in savings, investments, real estate and cash, less any debts. For example, let's say John Doe has a $700,000 house, a car worth $20,000, a medical practice worth $400,000, and $5,000 in a checking account. Added together, these assets may be worth a whopping $1,125,000, but if John Doe is $300,000 in debt from medical school and owes $650,000 on the house, $15,000 on credit cards and $15,000 on the car, his net worth (the assets minus these liabilities) falls to about $145,000. In other words, if he were to sell everything today and pay off all his debts, he would have only $145,000 that would truly be all his.

Why It Matters

Income is routinely mistaken for wealth. For example, if John Doe's income is $250,000 per year, some people might say John is "wealthy." However, if John's mortgage, car payments, student loans from medical school, medical bills for his child, and private school tuition for his other child consume most of his monthly income, he may not have much left for saving at the end of the month. Consequently, John may have a nice house, but he has virtually nothing saved up for retirement, college, or emergencies. That is, he may have a high income, but he is not "wealthy" because he owns little of the things in his life.

Source: Investing Answers

wealth

noun
How to pronounce wealth (audio)

English Language Learners Definition of wealth

: a large amount of money and possessions
: the value of all the property, possessions, and money that someone or something has
: a large amount or number

wealth

noun
\ ˈwelth How to pronounce wealth (audio) \

Kids Definition of wealth

1 : a large amount of money or possessions
2 : a great amount or number a wealth of ideas

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Comments on wealth

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