rich, wealthy, affluent, opulent mean having goods, property, and money in abundance. rich implies having more than enough to gratify normal needs or desires. wealthy stresses the possession of property and intrinsically valuable things. affluent suggests prosperity and an increasing wealth.

One way to define being rich is having a high net worth. To be considered rich, you’ll need to have more assets—and/or fewer liabilities—than others. But how much more? What amount makes you wealthy? And to whom are you comparing yourself? These details make the definition of “rich” subjective.

Some people are rich, wealthy and all of the other adjectives that describe having a lot of money. "When you get to a certain stage of wealth where you have excess capital – making more money than you will ever spend in your lifetime – then that is truly wealthy," Meister says.

“When someone is considered rich, we would classify that as someone with a current larger income than their fixed expenses, allowing them to live an extravagant lifestyle,” David Morgan, managing partner with the High Net Worth Advisory, says.