This topic comes up on AskReddit frequently. There was a post on it yesterday [0], and I found this [1] comment rather interesting as it highlights the fact that material possessions are only one small aspect of being truly wealthy. The real value comes from the connections that can be made while moving in these social circles.

0: https://www.reddit.com/r/AskReddit/comments/4bpjxo/what_item... 1: https://www.reddit.com/r/AskReddit/comments/4bpjxo/what_item...