Comment by toasterlovin

Heritability has a different meaning from how you are using it. A trait is heritable if a child displays the trait regardless of their environmental milieu. So, language is not heritable because the language you speak depends solely on the environment you grow up in; the child of English speakers will speak Spanish if they are raised in an environment where only Spanish is spoken. Height, on the other hand, is heritable, because, absent major malnutrition, the child of tall parents will be tall regardless of the environment they grow up in.

And regarding status and wealth: genetics probably play more of a factor in these than you think.