Everyone has heard the expression of Nouveau riche and people with old money. What does it mean exactly?
This french term means “Newly Rich” and describes people who acquired their wealth within their own generation.
They usually come from middle or working class families who acquired their own wealth. They may also have acquired their wealth with help of parents finances (who may have been above middle class). The point is, their money does not go way back in time like for the ones with “old money”.
“Nouveau Riche” men & women are known for splurging – sometimes exaggerating! They like to flaunt their affordability and tend to buy many status symbols to be seen as a upper class.
Russian oligarchs are an example for typical “nouveau riche” people.
As the naming, this means old inherited status & money.
They are known for being elitists which tend to looking down on the Nouveau Riche and claiming “they lack the proper pedigree”.
Old money people stick together and prefer not to mix with others. They marry within “their circle” to keep as they say “the pedigree noble”. They are often the “socialites” types who go to high end events, private members clubs and more discreet gatherings. For them fame and stardom is often not prioritized, as their circle of friends usually contain royalties, politicians and A-listers.
In comparison to “Nouveau Riche”, the old money folks do not flaunt their money in the same excessive way. They rather keep their head high and look above everyone they believe is not worth wasting energy on.