What is Old Money?
1.
people who have managed their money carefully over many generations and increased the value of their holdings by careful financial management. Many of these people own a large estate and may also have a town house. They do not follow the popular fashion fads and wear good quality clothing that has a timeless look. Everything about them may be summed up in a few words GOOD TASTE and QUALITY
Most of the old money in Ireland belongs to the gentry and families with businesses established the 1800s and early part of the 1900s
2.
Inherited capital; best when the money has been in the family for at least 3 generations.
The Pews, the Rockefellers, the duPonts, the Fords, the Mellons, and the Vanderbilts all certainly qualify as old money.
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3.
people who come from families that have had a lot of money for a long time, which gives them a high social position
He invited both the smart set and Perth's old money.
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4.
the descendants of some criminal a thousand years ago who didnt get caught and put his money in the bank instead of spending it because he was terribly boring, notwithstanding his criminality
Paris Hilton is old money.
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