As the Rawlinson and Bosworth Professor of Anglo-Saxon of Pembroke College, Oxford; the Merton Professor of English Language and Literature of Merton College, Oxford; and one of the literary giants of the twentieth century, J.R.R. Tolkien is known more commonly for his philological and literary contributions to Western thought. However, as a devout Christian and Roman Catholic, Tolkien thought and wrote theologically. While he would abhor the label of allegory, his fiction, in particular, bears all the marks of a Christian theological mind, “sub-creating” a world consistent with the theological assumptions of the Bible and his own Christian tradition. This paper’s goal will be to display Tolkien’s own distinctly Christian theological understanding of the nature, and especially the dangers of wealth and material comfort. This construction of Tolkien’s theology of wealth will be extracted primarily from his seminal work; The Hobbit, or There and Back Again, since it provides the most apparent articulation of Tolkien’s understanding of wealth. While The Hobbit will be the primary text consulted, other works such as the Lord of the Rings trilogy and his own published letters and correspondence, will help fill out this attempt of articulating Tolkien’s doctrine of wealth.