What happens when a status says to give a wealth level to a player in your space who has Scholarship, such as Wounded?

Question

Accepted Answer

You lower your Wealth one level, the other player gains one level without going above your starting level, and then you discard the status. 'In your space' means the same map location, not the same Wealth level, so you must move to where the Scholarship player is first.

Tales of the Arabian Nights (2009 Edition)

What happens when a status says to give a wealth level to a player in your space who has Scholarship, such as Wounded?