Private wealth has a crucial economic and social function and significance.

But what in fact is wealth? In the traditional sense, it is the sum of all economic goods and valuables owned by a family, one or more individuals, or a group of people. But in the broadest sense, it also includes intangible values or, as it were, attitudes about that wealth.

Wherever there is wealth, the threats of loss and risks of destruction are rarely far away. A glance back in time suffices to recognise that wealth has always been in jeopardy, and this in diverse ways.