Meaning of the word "the wealthy" in English

What does "the wealthy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

the wealthy

US /ðə ˈwel.θi/
UK /ðə ˈwel.θi/

Plural Noun

people who have a lot of money or valuable possessions

Example:
The government introduced new taxes on the wealthy.
Charitable organizations often rely on donations from the wealthy.