wealth

/welθ/ noun

Definition

› [U] a large amount of money, property, or valuable possessions that a person or a country owns: create/build/generate wealth Leaders in business must create wealth and jobs.accrue/accumulate wealth Households accumulate wealth by spending less than they earn.household/personal/private wealth His personal wealth is estimated at $7 billion. corporate/economic/financial wealth consumer/shareholder wealthoil/mineral/gas wealth Despite the country's oil wealth, most of its citizens live in poverty. wealth creation/redistribution

› [S] a large amount of something good: a wealth of data/detail/information The website gives a wealth of data on a company's stock. He brings a wealth of industry experience to his new position.

→ See also national wealth

(Definition of wealth noun from the Cambridge Business English Dictionary © Cambridge University Press)