Question

why does everyone want to be wealthy explain by giving example

Answer 1

Because they believe that happiness lies in things, living things included,  they want to own and control more and more things. Money comes handy in such a pursuit.

But, they can't spend all the money they gather. Now why should they hoard that money? To take care of unpredictable events to come. So it is sort of a insurance policy.

But there is a limit to insurance cover. Why do they amass wealth beyond that limit? Because of greed. Beyond a limit, wealth generates more wealth and they don't want to stop that economic process due to greed.

I have not seen anybody accumulating wealth with a purpose of philanthropy, though there are few examples of wealthy people spending some of their wealth, after their retirement, for a social cause.

Answer 2

Because they want to live their life luxurious
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