Forbes  Sep 29  Comment 
This is Forbes' full list of the wealth of the 2016 presidential candidates, from Donald Trump, Carly Fiorina, and Hillary Clinton, to Bernie Sanders, Marco Rubio, and Martin O'Malley.
Clusterstock  Sep 29  Comment 
The implosion of the mining giant Glencore's stocks on Monday gave CEO Ivan Glasenberg's wealth a serious kicking, after shares tumbled 29.42%. The Bloomberg Billionaires Index says Glasenberg lost more than a quarter of his wealth from the end...
New York Times  Sep 28  Comment 
Donald Trump has boasted about being rich and smart, but he has not released data to back up his claims.
The Hindu Business Line  Sep 25  Comment 
“We need to convert both knowledge and waste into wealth,” said Nitin Gadkari, Union Minister for Road Transport and Highways. Addressing the Indian Institute of Management Bangalore’s (I...
New York Times  Sep 25  Comment 
Lump sums of money too often prove ruinous for lottery winners. Do recipients of the MacArthur Foundation fellowship, and the $625,000 that comes with it, fare better?
Financial Times  Sep 25  Comment 
Surviving a career of two halves is no easy task for young footballers
The Hindu Business Line  Sep 25  Comment 
Stock market investors have become poorer by nearly Rs 3 lakh crore so far this year as the recent selling in equities pulled down the valuation of all listed firms on BSE to Rs 95.40 lakh crore.
Clusterstock  Sep 22  Comment 
Investor and author Ben Carlson is joining Barry Ritholtz and Josh Brown at their New York City-based wealth management firm, Ritholtz Wealth Management. Carlson previously managed the  endowment fund for the Van Andel Institute, a...



An abundance of valuable possessions or money. When two people have the same income and spend the same amount. In every case the one that buys income producing assets, will be wealthier than the one who buys things, which are consumed immediately.

An Inquiry into the Nature and Causes of the Wealth of Nations ~ Adam Smith 1776

Book II, Chapter III Of the Accumulation of Capital, or of Productive and Unproductive Labour

II.3.38 The revenue of an individual may be spent either in things which are consumed immediately, and in which one day's expense can neither alleviate nor support that of another, or it may be spent in things more durable, which can therefore be accumulated, and in which every day's expense may, as he chooses, either alleviate or support and heighten the effect of that of the following day.

A man of fortune, for example, may either spend his revenue in a profuse and sumptuous table, and in maintaining a great number of menial servants, and a multitude of dogs and horses;

Or contenting himself with a frugal table and few attendants, he may lay out the greater part of it in adorning his house or his country villa, in useful or ornamental buildings, in useful or ornamental furniture, in collecting books, statues, pictures; or in things more frivolous, jewels, baubles, ingenious trinkets of different kinds; or, what is most trifling of all, in amassing a great wardrobe of fine clothes, like the favorite and minister of a great prince who died a few years ago.

Were two men of equal fortune to spend their revenue, the one chiefly in the one way, the other in the other, the magnificence of the person whose expense had been chiefly in durable commodities, would be continually increasing, every day's expense contributing something to support and heighten the effect of that of the following day: that of the other, on the contrary, would be no greater at the end of the period than at the beginning.

The former, too, would, at the end of the period, be the richer (wealthier) man of the two. He would have a stock of goods of some kind or other, which, though it might not be worth all that it cost, would always be worth something. No trace or vestige of the expense of the latter would remain, and the effects of ten or twenty year’s profusion would be as completely annihilated as if they had never existed. [1]

Wealth, 13c, happiness, also prosperity in abundance of possessions or riches, from wele well-being, analogy of health. [2]

Riches, valued possessions, money, property, modified from richesse wealth, opulence. [3]

Weal, well-being, wela wealth, also welfare, well-being, wel- to wish, will. [4]

Will, to wish, desire, want, according to one's wish, wela well-being, riches. [5]


  1. http://www.econlib.org/library/Smith/smWN8.html
  2. http://www.etymonline.com/index.php?term=wealth
  3. http://www.etymonline.com/index.php?term=riches
  4. http://www.etymonline.com/index.php?term=weal
  5. http://www.etymonline.com/index.php?term=will
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