Greed was once a man that desired unparalleled wealth and power. His insatiable need to gain these eventually led him to make a deal with the Devil.
He soon grew into something that every man and woman would not hesitate to surrender their gold and authority to. As payment for this "power" the Devil ripped Greed's hands from his body and wrapped them around him, cauterizing the stubs of his arm with molten treasures. "Now Greed," he said "you may collect all the treasures of this world, but never have the capability of delighting in it."