"New Money" refers to individuals or families who have recently acquired wealth, often through entrepreneurship, technology, or entertainment. Unlike "Old Money," which typically comes from long-established wealth and family lineage, New Money is characterized by self-made success and a more modern approach to wealth accumulation. This term is often associated with industries like Silicon Valley startups, where innovators create significant financial value in a short time. New Money individuals may embrace a more casual lifestyle and spend their wealth on luxury goods, experiences, and philanthropy, reflecting their unique backgrounds and values.