Old Money (2024)

Old Money is an aesthetic based around a wealthy, classic style. Old Money refers to people who have inherited their wealth instead of working for it. In the United States, Old Money is associated with WASP (White Anglo-Saxon Protestant) culture, and in Europe, Old Money is associated with titles of nobility.

Contents

  • 1 History
    • 1.1 Other terms
    • 1.2 Location based terms
  • 2 Values
  • 3 Visual
  • 4 Fashion
    • 4.1 Clothing
    • 4.2 Accessories
  • 5 Home Decor
  • 6 Notable People
    • 6.1 United States
  • 7 Media
    • 7.1 Books
    • 7.2 Documentary
    • 7.3 Movies
    • 7.4 Music
    • 7.5 TV Shows
    • 7.6 Fictional Characters
  • 8 Gallery
  • 9 References
  • 10 Resources
    • 10.1 Books
    • 10.2 Crafts

History[]

Old Money is most prominent in countries where there was no aristocracy but instead an elite social class held a status nearly equal to an aristocracy.

In the United States, the oldest Old Money families are the ones which can trace their ancestry back to the passengers on the Mayflower. Other families are considered Old Money when they can trace their ancestry back to the founders of a prestigious town such as New York City, for example the fictional van der Woodsens in Gossip Girl, who are descendants of Dutch settlers in New York.

The Social Register, a list of the wealthiest and most influential American families was first published in 1887. Some major cities have their own versions of the Social Register. In recent times, it has become less of an indicator of Old Money pedigree.

In the 1930s, Old Money families traced their wealth back to at least the American Revolution. Those who had gained wealth around the time of the American Civil War and during the Gilded Age, were not yet considered Old Money. Today, families whose wealth dates back only to the Gilded Age are considered Old Money.

Other terms[]

Blue Blood is a term used to refer to people descended from nobility. Although not all Old Money families have Blue Blood, a family with Blue Blood is more likely to be Old Money than not.

In 1844, the phrase The Upper Ten was used to refer to the 10,000 richest people in New York City. During the Gilded Age, The Four Hundred was used to refer to the four hundred wealthiest families in New York City. The list included the Astors and the Vanderbilts.

Many Old Money families are also WASPs (white Anglo-Saxon Protestants).

Location based terms[]

The Boston Brahmin, First Families of Virginia, and Old Philadelphians are location-based terms for Old Money groups in the US. They refer to the Old Money families from Boston, Virginia and Philadelphia, whose ancestors were the founders of that respective city or state.

Posh is a term most used in Great Britain to mean a wealthy, upper class person, although the term includes both Old Money and new money. It has spread to other English-speaking locations.

Values[]

  • image
  • education, with many children attending boarding schools and later Ivy League colleges
  • tradition
  • who a person or family knows

Visual[]

This aesthetic can be described as very sophisticated and classy. The visuals indict wealth and history.

  • mansions
  • Hermes Birkin
  • fresh flowers
  • horses
  • tennis courts
  • large swimming pools
  • taxidermy animal heads
  • antique cars
  • paintings of ancestors
  • private school
  • country clubs
  • social and athletic clubs
  • exotic animals

Fashion[]

The key is understated elegance. The clothes may appear plain or boring, but they are high quality. Old Money fashion is sometimes confused with Prep, but the color palette is more muted, and black and purple are used. In recent times, the terms "stealth wealth" and "quiet luxury" have been used to describe the Old Money aesthetic. The terms were first used to describe the clothing worn by characters on the television show Succession, however, these characters are not part of a true Old Money family. In March 2023, Gwyneth Paltrow was praised for her elegant, understated clothing worn for her court appearances.

The Old Money aesthetic is a style that exudes an air of timeless elegance, class, and sophistication. It is often associated with the long-established wealthy elite, who prioritize quality, heritage, and subtlety over flashy displays of wealth. The style is elegant and understated, with a preference for high-quality, classic pieces that never go out of fashion.

Fashion in the Old Money aesthetic usually includes tailored suits, classic dresses, polo shirts, and loafers. Neutral and earth tones, as well as darker, rich colors, are commonly seen. The aim is to look effortlessly elegant and comfortable in your clothing, favoring well-made garments that will stand the test of time. Accessories play a key role too, with a preference for classic, timeless pieces like pearl necklaces, leather handbags, and luxury watches.

Today, achieving the Old Money look doesn't necessarily require an ancestral mansion or a luxury yacht. This aesthetic is more accessible than ever thanks to online shopping. A comprehensive collection of Old Money style clothing is readily available online. You can explore the variety of pieces at old money shop. From tailored suits and classic dresses to timeless accessories, you'll find all the essentials for your Old Money wardrobe. Whether you're dressing for an upscale event, a business meeting, or a casual day out, shopping with us will help you capture the effortlessly chic look that defines the Old Money aesthetic.

Clothing[]

  • Navy blazers
  • Tailored suits
  • Tailored shirts and blouses
  • Turtlenecks
  • Cable knit sweaters
  • Wool coats
  • Trench coats
  • Oxfords
  • Low heeled pumps
  • Pantyhose
  • Tweed skirt and jacket sets (Chanel/Jackie Kennedy inspired)
  • Houndstooth clothing such as blazers, skirts and dresses
  • Mary janes

Accessories[]

  • pearl necklaces, earrings, and bracelets
  • designer handbags without logos
  • fascinators
  • hats
  • antique brooches
  • cufflinks
  • signet rings
  • dark sunglasses
  • silk or cashmere scarves
  • leather gloves
  • horn-rimmed glasses

Home Decor[]

  • porcelain figures
  • antique furniture
  • oil paintings
  • vases with flowers
  • antique clocks
  • marble busts
  • flocked wallpaper
  • fireplaces
  • porcelain, crystal and gold tableware
  • classic chandeliers

Notable People[]

United States[]

  • The Kennedy Family (JFK, RFK, Jackie, JFK Jr., Maria Shriver, etc.)
  • The Kelly Family (Grace Kelly, John B. Kelly Sr., etc.)
  • The Vanderbilt Family (Gloria Vanderbilt, Anderson Cooper, Timothy Olyphant, etc.)
  • The Hilton Family (Paris Hilton, Nicholai "Nicky" Hilton, etc.)
  • The Hearst Family (Patty Hearst, Lydia Hearst, etc.)

Media[]

Media focusing on Old Money tends to contrast the wealth of the lifestyle with darker themes like murder, tragic deaths, depression, and drug and alcohol abuse. Characters often have difficultly expressing real emotions due to not being shown the love of a parent during childhood.

Another common element is the conflict between Old Money characters and New Money, or Nouveau Riche, characters. Media often centers around conflict with individuals who were not born into pedigreed families and made their fortunes recently, such as on Wall Street or in show business. Old Money characters often look down on New Money because of their ostentatious displays of wealth, and use it as evidence as to why their money is inferior.

Books[]

  • A Separate Peace by John Knowles
  • Cheerful Money: Me, My Family, and the Last Days of Wasp Splendor by Tad Friend
  • Early Autumn by Louis Bromfield
  • Freckles by Gene Stratton-Porter
  • The Forsyte Saga by John Galsworthy
  • The Great Gatsby by F. Scott Fitzgerald

Documentary[]

  • Grey Gardens (1975)

Movies[]

  • All the Money in the World (2017)
  • Beatriz at Dinner (2017)
  • Blue Jasmine (2013)
  • Breakfast at Tiffany’s (1961)
  • Brideshead Revisisted (1981)
  • Café Society (2016)
  • Grace of Monaco (2014)
  • High Society (1956)
  • Io sono l'amore (I Am Love) (2009)
  • Jackie (2016)
  • Knives Out (2019)
  • Metropolitan (1990)
  • Mona Lisa Smile (2003)
  • Poor Little Rich Girl (1987)
  • Rebecca (1940)
  • Thoroughbreds (2017)
  • The Talented Mr. Ripley (1999)
  • The Philadelphia Story (1940)
  • The Great Gatsby (2013)
  • Titanic (1997)

Music[]

  • Super Rich Kids by Frank Ocean
  • Champagne Problems by Taylor Swift
  • The Last Great American Dynasty by Taylor Swift
  • Brooklyn Baby by Lana Del Rey
  • f*cked My Way Up To The Top by Lana Del Rey
  • Money Power Glory by Lana Del Rey
  • Old Money by Lana Del Rey
  • Salvatore by Lana Del Rey
  • Showed Me (How I Fell in Love with You) by Madison Beer
  • Young and Beautiful by Lana Del Rey
  • Primadonna by Marina
  • Money Power Glory by Lana Del Rey
  • National Anthem by Lana Del Rey
  • Chemtrails over the Country Club by Lana Del Rey
  • Old Cape Cod by Patti Page
  • Tennis Court by Lorde

TV Shows[]

  • Altes Geld (2015)
  • Gilmore Girls (2000-2007)
  • Gossip Girl (2007-2012)
  • Succession (2018-2023)

Fictional Characters[]

  • Julia Pendleton from Daddy-Long-Legs by Jean Webster
  • The Buchanans in The Great Gatsby by F. Scott Fitzgerald
  • The Stafford family in Kitty Foyle (1940)
  • The Sheffields and C.C. Babco*ck in The Nanny (1993-1999)
  • The Malfoy family in the Harry Potter series
  • Emily and Richard Gilmore, and the Huntzberger family in Gilmore Girls (2000-2007)
  • Boris from Royal Pains (2009-2016)
  • The Voorhees family in Unbreakable Kimmy Schmidt (2015-2019)
  • Blair Waldorf from Gossip Girl (2007-2012)
  • Veronica Lodge from Riverdale (2017-)
  • Blair Warner from The Facts of Life (1979-1988)
  • The Wayne family in most Batman media
  • Jonathan Joestar and the Joestar Family from Jojo’s Bizarre Adventure: Phantom Blood

Gallery[]

Old Money (1)

The Clooneys are not Old Money but are well-known for the impeccable dress sense, which is influenced by Old Money styles.

Old Money (2)

Old Money (3)

Old Money (4)

Old Money (5)

Lynn Forester de Rothschild, Lady de Rothschild, a member of the Old Money Rothschild family by marriage

Old Money (6)

Gwyneth Paltrow during a court appearance in March 2023

Old Money (7)

Maison de Pillars

References[]

Resources[]

Books[]

  • The Old Money Book by Byron Tully
  • Old Money: The Mythology of Wealth in America by Nelson W. Aldrich Jr.
  • Class: A Guide Through the American Status System by Paul Fussell
  • The Senator and the Socialite: The True Story of America's First Black Dynasty by Lawrence Otis Graham
  • Debrett's Illustrated Guide To The Canadian Establishment by Peter C. Newman

Crafts[]

Old Money (2024)

FAQs

What is considered old money? ›

Old money refers to generational wealth passed down through families, while new money refers to self-made wealth. Old money is often associated with traditional investments and long-standing traditions, while new money may spend more lavishly and take riskier investment decisions.

What is the old money lifestyle? ›

It's a lifestyle that exudes a sense of permanence and enduring sophistication, emphasizing the notion that true luxury is not in extravagance but in the preservation of timeless traditions and values. Embracing the Old Money Aesthetic means adopting a manner of living that mirrors a bygone era's gentility and poise.

What does it mean to look like old money? ›

The old money aesthetic is sophisticated and timeless. It embraces classic wardrobe staples that stand the test of time, like a well-tailored blazer or a crisp white button-down shirt. Instead of flashy logos or bold patterns, old money style leans towards understated luxury. It's all about the subtle details.

What is the old money mentality? ›

Old money families tend to be much more frugal-minded. This mindset comes from a more communal sense of who the money belongs. Old money is family money. It is meant to span generations – therefore, it cannot be spent willy-nilly.

What is the oldest richest family in America? ›

The Du Pont family fortune began in 1803, but they became an extraordinarily wealthy family by selling gunpowder during the American Civil War. By World War I, the DuPont family produced virtually all American gunpowder. In 1968, Ferdinand Lundberg declared the Du Pont fortune to be America's largest family fortune.

Am I old money or new money? ›

Old money: Often tied to long-standing families, sometimes even royalty or nobility. Think grand estates, elite clubs, and family crests. New money: Linked with successful entrepreneurs, celebrities, or sudden windfalls. Picture the start-up mogul or pop star sensation buying their first penthouse.

Are jeans old money? ›

While jeans may not be the first thing that comes to mind when thinking about the Old Money Aesthetic, they have found their place in modern interpretations of this classic style. The key to incorporating jeans into the Old Money look is to choose high-quality, well-fitted denim in dark washes.

How to behave old money? ›

  1. They are generally well behaved and know good etiquette. This is something which is instilled from childhood.
  2. They are always well groomed and have a put together look.
  3. Always wear timeless clothes and accessories. ...
  4. Always well informed and well connected. ...
  5. Closeness with old money peers only.
Sep 9, 2023

How to tell if someone has old money? ›

If someone displays these 12 behaviors, they probably come from “old money”
  1. 1) Subtlety in display of wealth. ...
  2. 2) Appreciation for tradition and history. ...
  3. 3) Emphasis on education. ...
  4. 4) Discreet philanthropy. ...
  5. 5) Timeless style. ...
  6. 6) Strong sense of duty. ...
  7. 7) Value of relationships over transactions. ...
  8. 8) Preference for privacy.
Apr 2, 2024

How do old money dress? ›

This means investing in timeless pieces made from natural fabrics like wool, silk, and cashmere. Stick to classic, neutral colors that never go out of style, and avoid trendy, flashy pieces that will quickly look dated. Building a capsule wardrobe of versatile pieces is a great way to achieve an old money look.

What are some old money jobs? ›

Investment and Finance: Given their familiarity with wealth management, individuals from old money backgrounds may pursue careers in investment banking, private equity, or finance. They can leverage their financial knowledge and connections to excel in these fields [2].

How did old money families get rich? ›

Old money is a term used to describe families that have been wealthy for generations. These families have accumulated their wealth through inheritance, investments, and business ventures.

How do I know if I am rich? ›

Either way, if you wonder whether you're rich or wealthy, you're generally looking to measure what you have against others in your community, region or country. Two guideposts can help you compare your status with others': your net worth (what you own minus what you owe) and your income.

Is Gatsby old money? ›

Money is divided into two categories: new money and old money. As an example, Jay Gatsby portrays the new money. Gatsby, who is a resident of West Egg, made his fortune during the economic expansions of the Roaring Twenties.

How much money is considered rich? ›

You'll need to earn more than half a million annually to be considered among the highest earning residents in 11 states and Washington, D.C. "This comes down to cost of living," Murray said.

Is East Egg old money? ›

Therefore East Egg was known as "old money," where people had established wealth, while West Egg was "new money."

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