Ghetto Rich Edit Meaning

1.

primarily invested in depreciating assets i.e. cars, clothes, jewelery ghetto fabulous

someone with a tricked out car, a closet full of throwbacks, and no savings account is ghetto rich

See ryan

2.

When a person of no money or wealth receives a sum of money and spends it on crap they don't need. For example; payday, pawning something of value, or Workman's comp settlement.

Marcus: Hey, I just won $50 on a lottery ticket. Can you give me a ride to liquor store to buy some Miller Lite and some pornos.

Jon: Dude, you are Ghetto Rich. You can at least spring for some Bud Lite.

See pay day, found money

3.

Converting one's bills into singles, making the apperance of wealth.

Ghetto Booty: Girl, I thought that pimp was rich, but all he had was ones.

A twenty turned to one dollar bills makes you ghetto rich.

4.

So ghetto, straight from the hood, it's rich

1979 cadillac

See jeanine