Definition of

Wealth

Wealth
Everything owned minus everything owed.

For a person it is their assets (the things they own such as cash, investments, property, etc) less anything they owe to others. Also called "Net Worth".

Example: Sam has a car worth $5000 and $500 in the bank, but owes $200 to his friend, so has wealth of $5000 + $500 − $200 = $5300
 
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