Definition, Meaning & Synonyms
new-money
noun
/nü ˈmənē/
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Definition
New-money refers to individuals or families who have recently acquired wealth, as opposed to those whose wealth has been inherited over multiple generations.
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Examples
- After winning the lottery, he became part of the new-money crowd.
- Many new-money entrepreneurs use their fortunes to invest in new startups.
- The lavish parties thrown by some new-money elites often draw criticism from traditional social circles.
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Meaning
The term often carries connotations of being less refined or lacking the sophistication that comes with old-money status. New-money individuals may be more expressive of their wealth through consumption and lifestyle choices.
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Synonyms
- Recent wealth
- Upstart
- Self-made millionaire