Can a father take whatever he wants from his child’s wealth even if he is rich?

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As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
According to a hadeeth about the father’s rights over his son, the Prophet (peace and blessings of Allaah be upon him) said: “You and your wealth belong to your father.” Does this apply to daughters who work and earn a good salary, if her father is not in any real need, so long as she is under his care?.
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Praise be to Allaah.

This hadeeth includes both sons and daughters. This is also indicated by the hadeeth of ‘Aa’ishah (may Allaah be pleased with her) in which the Prophet (peace and blessings of Allaah be upon him) said: “The best of that which you consume is that which you earn, and your children are part of that which you earn.” Narrated by the five. But that is subject to the condition that this does not cause any harm to the child, whether male or female, because the Prophet (peace and blessings of Allaah be upon him) said: “there should be neither harming nor reciprocating harm.” And there is other evidence which says the same thing. And the father should not take for the purpose of accumulation, rather he should just take what he needs. 

May Allaah send blessings and peace upon our Prophet Muhammad and his family and companions. 

Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

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