Wealthy

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Wealthy

Describing a person or entity with strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with more money or assets relative to others in a society. The wealthy drive economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier; others, however, believe growth is strongest when the needs of multiple classes are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.
References in periodicals archive ?
Obama noted that the United States has "unlimited resources" and that hundreds of billions of dollars were spent in the last decade "on what was supposed to be a temporary tax cut for the wealthiest two percent of Americans.
When the party leanings of independents are taken into account, 57% of the nation's wealthiest adults associate themselves with the Republican Party, compared with 44% of the "99%.
The current estimates suggest that the 1,000 wealthiest people in the UK have seen over half of their cumulative wealth wiped out by the recession, from 412 billion pounds in 2008 to around 200 billion pounds today, The Daily Telegraph reported.
But their title as wealthiest footballer and WAG could be threatened by Wayne Rooney and Coleen McLoughlin.
co-founder and Chairman Bill Gates was the nation's wealthiest person for the 11th straight year with a net worth of $51 billion, followed again by Berkshire Hathaway Inc.
In the first "rich list" of Westminster MPs, four of the five wealthiest politicians are Labour members.
Scots-born Tory MP Michael Ancram, whose family seat is near Edinburgh and who represents Devizes in Wiltshire, is Britain's third wealthiest MP with a fortune of pounds 27.
Tatton in Cheshire, home to David and Victoria Beckham and the former constituency of ex-Tory MP Neil Hamilton, is the wealthiest area in terms of disposable income, according to Barclays Private Clients.
Overall,eight of the top 10 wealthiest regions in real terms were in the north of England, with only Kensington, Chelsea,Warwick and Leamington outside the area.
WARWICK and Leamington are the wealthiest places in the West Midlands and the ninth richest in the country, research has revealed.
Just because the wealthiest of families can pay for a private college education, doesn't mean they do.
The final two chapters deal with Alessandra's involvement in arranging the marriages of her sons, her last years and Filippo's rise to become one of Florence's wealthiest citizens by the time of his death in 1491.