Wealth is the value of all the assets owned by a person, community, company, or country. 

Wealth is usually a buildup of valued economic resources that can measure money value or real goods.

People, Organizations, and nations are considered wealthy when they have accumulated highly valued resources or goods. 

In economic terms: 

• The real value of wealth is calculated by assessing the total worth of all tangible and intangible assets owned, less all the debts. 

• Income and wealth are very different – wealth is stored resources that are valued, whereas income is a flow of money at regular intervals- monthly, quarterly, half-yearly, or yearly.

• Compared to income, whose in-flow can vary, wealth measures valued economic goods accumulated over time and assessed or measured at a specific point. 

• The concept of wealth is applied to amassing resources that are considered scarce. Abundantly available goods or those that are provided free to all are not deemed as wealth.

Measuring wealth in terms of money addresses the problem of assessing wealth in terms of goods and is widely practised.

Accordingly, Net worth is used as a measure of wealth. Net worth is equal to assets minus liabilities. 

The net worth of companies or businesses is also known as Book value or Shareholders value.

A person will become increasingly wealthy over some time; the person’s net income is positive over that period. Wealth can vary between individuals, whether measured in terms of money, net worth, or commodities like food grains and livestock animals.