When building your business, owning your firm, inheriting money etc rich people accumulate a bunch of money. So what importance is there to having wealth?
1. HAving liquid money comes with selling your assets upon your completion. the left over money is almost the reward for your hard work and company building. Liquidity is an end state.
2. You can’t help support when you dont hold onto what you have. Having money managers is important because you can’t be an expert in everything, but even rich people can choose whehter to invest in charity (Warren Buffet) or to build a foundation (Bill Gates).