New Money

New Money is a term for people who made or earned their wealth on their own accord, they were not born into a wealthy family or grew up in wealthy culture. Sometimes used disparagingly by Old Money, in reference to the lack of refinement or sophistication of New Money people. People who are new money are generally unfamiliar with the "culture of wealth" in America. They may spend their money on different things and associate with a more diverse crowd (other New Money), as opposed to Old Money. Examples of new money would be all these high-tech start-up guys who are fresh out of college, compared to Old Money individuals, who's wealth comes from a variety of inlets and may be recognizable by family name (i.e. the Hiltons, the Kennedys).