old money

Private equity’s old money is not happy about the new.

“Preppy dressing is back. The old money vibe is back, the obsession with Carolyn Bessette,” said Alt, who made her name selling apartments that often belonged to artists and other significant figures.

And yet, today there are only 700 billionaires in the U.S., and basically none of them derived their wealth from old money.

These are the bluebloods, the old money of the investment world, steady as a metronome and just as thrilling.

To white Americans with old money bloodlines, a family tree linked to the American Revolution era carries substantial weight.