富有 literally means 'to possess abundantly' and functions primarily as an adjective meaning 'rich in' or 'abundant in' a particular quality, resource, or trait. While 富 alone means 'wealthy' or 'rich', and 有 means 'to have', together 富有 emphasizes abundance—not just material wealth, but also abstract assets like experience, imagination, or compassion. It often appears before nouns (e.g., 富有经验) or after 是 to describe a state (e.g., 他这个人富有幽默感).

This word carries a positive, somewhat formal or literary tone and is commonly used in written Chinese and formal speech. It’s especially frequent when praising personal qualities (e.g., courage, creativity) or describing rich natural or cultural resources (e.g., 富有历史的城市). Unlike the standalone noun 富人 ('the wealthy'), 富有 cannot stand alone as a noun—it always modifies or predicates something else.