There is a misconception out there that being wealthy and being rich are the same thing. Sometimes, you can be wealthy and not be rich at all and others can be what you and I would consider very rich and not wealthy at all.
Rich is more of a monetary term. When someone is “rich” it is assumed that they have a great deal of money. Wealth is more of a lifestyle term. Even Wikipedia has a hard time defining “wealth”. Wealth is generally considered to mean having an abundance of …