The story is about a wealthy merchant who loses everything in a shipwreck but manages to rebuild his business through hard work. Despite his misfortune, the merchant remains grateful and generous to those in need. When a poor beggar comes to his doorstep, the merchant offers him food and shelter and teaches him the value of kindness and generosity. The beggar is touched by the merchant's example and vows to follow in his footsteps. The story highlights the importance of giving, kindness, and true wealth of character.