- noun the value of assets (other than cash and things such as machines) which are held by an individual, firm or country and which can be used to produce income. Wealth also includes human capital in the form of the resources provided by the workforce.
- (written as Wealth)The value of all assets owned by an individual or group minus the value of all debts.
Origin & History of “wealth”
The now virtually defunct weal (OE) meant ‘welfare’, and also ‘riches’; it was descended from prehistoric west Germanic *welon, a derivative of the same base as produced English well. The abstract-noun suffix -th was added to it in early middle English to produce wealth. this also originally meant ‘welfare, well-being’ as well as ‘riches’, a sense which now survives only in the compound commonwealth (15th c.).