What does 1 Samuel 25:2 mean?

There was a man in Maon who owned property near Carmel. He was very wealthy, with three thousand sheep and a thousand goats. He was in Carmel for the sheep-shearing season. 1 Samuel 25:2 - Modern Text Bible

(This introduces a rich man whose wealth is measured by his livestock. Sheep-shearing was a big event, almost like a festival, and it meant there was plenty of food and celebration.)