GovernmentsGovernments are a form of wealth assuming that they provide valuable services that meet the needs of a nation.
MoneyThe legal currency of a nation secured by its ability to collect future taxes.
CommoditiesPrecious commodities such as gold and silver.
OrganizationsBusinesses and non-profit organizations that produce value.
SecuritiesTradable financial assets such as stocks.
Real EstateProperty, buildings, structures and land improvements. infrastructure or products.digital assets such as software and data.
Intellectual PropertySymbols and creative works such as copyrights, patents, trade secrets and trademarks. talent of an individual that has potential to produce future value. Likewise, an educated population is a component of the wealth of nations. This is often referred to as "human capital."
HealthThe health of an individual is valuable to them. It also tends to increase future productivity. value of social relationships to a firm or individual such as a brand with many advocates or a salesperson with many contacts.Cultural capital is the ability of an individual to influence within the context of a culture or social group. For example, a sales person who knows how to influence German technology CEOs. Economic security is the ability of a system to sustain a standard of living. For example, capabilities in areas such as water security and disaster preparedness can be considered wealth.
Traditional WealthTraditionally, wealth is defined as an asset that can be used to pay future expenses. This includes capital and infrastructure that generates value. It also includes assets such as real estate, securities, precious metals and cash. Anything that is difficult to place a cash value on such as quality of life aren't traditionally considered wealth. Intangible assets aren't traditionally included as wealth unless you bought them from someone, thus establishing a cash value.
Net WealthNet wealth are the total financial and non-financial assets of an entity minus all liabilities such as debt. This is based on traditional wealth such that only things with an unambiguous dollar value are included.
|Overview: Wealth Definition|
A store of value.
Elements that have value, create value or that can be used to pay future expenses.
The tangible financial and non-financial assets of an entity.