You are correct--but that does not make money itself evil; being wealthy itself is not a sin. It is when the acquisition of more money gets in the way of your relationship with God that is the sin. The full text of Paul's message taken in context is below. 1 Timothy 6:6-12
But godliness actually is a means of great gain when accompanied by contentment. For we have brought nothing into the world, so we cannot take anything out of it either. If we have food and covering, with these we shall be content. But those who want to get rich fall into temptation and a snare and many foolish and harmful desires which plunge men into ruin and destruction. For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs. But flee from these things, you man of God, and pursue righteousness, godliness, faith, love, perseverance and gentleness. Fight the good fight of faith; take hold of the eternal life to which you were called, and you made the good confession in the presence of many witnesses.
It's the *desire* to be rich that is the snare; Solomon never desired to be rich, nor Abraham, nor Job. God simply rewarded them for their faithfulness. When wealth comes as a reward from God; not as a product of greed, it's not a problem. While there are few wealthy people who are also Godly; one does not automatically preclude the other.

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RE: Obscenely Wealthy
If I recall correctly, it was the apostle paul who said that the love of money is the root of all kinds of evil.
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