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If the man reaps a large profit from the business, this doesn't mean he is greedy. I defined wealth as your possesion/money value, and therefore if the business owner does not own expensive possesions and gives his money away or invests it back into the business, then he is not considered wealthy and therefore can be considered to be not greedy either. Wealth does not depend on salary. If the man however uses his profit to buy things for himself, rather than give it away, he is being greedy.
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First of all, this statement has no support other than it your own personal view. By your own logic anyone who buys something expensive then he is being greedy, the man works hard for his money so he can do with it as he chooses and you say that if he spends it on something for himself then that is act of greed? I think that is pretty ridiculous. Who do you think is greedier, the man who who works hard for his money or the man who wants him to give it away? I am leaning towards the latter