New money refers to wealth that has been recently acquired, typically through entrepreneurial endeavors, investments, or sudden windfalls such as inheritance or lottery winnings. This term is often used to differentiate individuals who have recently come into wealth from those who have inherited or had their wealth for generations (known as "old money").
New money individuals are often seen as modern, ambitious, and focused on financial success. They may be more inclined to flaunt their wealth through luxury purchases and extravagant displays of affluence. However, they may also face criticism or skepticism from others who view their newfound wealth as less legitimate or respectable than established old money.
Some famous examples of new money individuals include Mark Zuckerberg (founder of Facebook), Elon Musk (founder of Tesla and SpaceX), and Kylie Jenner (entrepreneur and reality TV star).
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