If you have riches you are wealthy. Don't be misled into thinking "riches" means only money — to many people, to have a healthy family and to be surrounded by love is to be abundantly wealthy.
The Old English word wela, via the Middle English welth, meaning "happiness and prosperity in abundance," is the source of our noun wealth. Although the Middle English wele meant "well-being," the word referred primarily to money and possessions. Many people still feel that way, but Henry David Thoreau offered a different view: "Wealth is the ability to fully experience life." That is, true wealth is having whatever means the most to you.