GREED SPOILER!

Greed
GR

Fullmetal Alchemist: Brotherhood · Antagonist

Wants everything. Says so immediately and without embarrassment. Freedom, money, power, immortality, companions worth keeping. The most upfront homunculus about what he is and what he wants, which makes him the most legible and paradoxically one of the more interesting to watch. Brotherhood gives Greed two iterations and the second, built around his coexistence with Ling Yao, is one of the series' best extended character arcs. Two personalities sharing one body, each one changing what the other is capable of wanting. The show earns the place Greed ends up at. It takes the full series to get there.
9 CONNECTED LORE ENTRIES

GREED THROUGH THE ARCHIVE //

STORY & ARC GUIDE //

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Greed Proves the Homunculi Can Want Something Father Does Not

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Episodes 13–14

Greed has already broken away from Father and built his own group. He wants independence badly enough to oppose the other Homunculi openly.

Bradley's attack on Greed's people then reveals the Führer as Wrath.
What changed
Two assumptions collapse together: the Homunculi are not one obedient mind, and the government investigating them is already led by one of them.

Ling Accepts Greed and Creates a Relationship Father Did Not Plan For

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Episode 26 onward

Father places Greed into Ling Yao expecting a useful new vessel. Ling remains present.

The two personalities initially fight for ownership and gradually become something far stranger: partners capable of lending one another the body.
Why it matters
Father treats people and souls as interchangeable material. Greed/Ling becomes one of the clearest examples of two identities refusing to be reduced to material.