Crossword Genius

Hound those born with wealth (6)

Ross

I believe the answer is:

basset

I'm a little stuck... Click here to teach me more about this clue!

'hound' is the definition.
(basset hound is an example)

'those born with wealth' is the wordplay.
I cannot really see how this works, but
'born' could be 'b' and 'b' is found within the answer.
The remaining letters 'asset' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for basset that I've seen before include "Smooth-haired, long-eared hound" , "Short-legged dog" , "Type of horn" , "GAME" , "Short-legged hound that hunts hares" .)

I've seen this clue in The Hindu.
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