The term Neo-rich means
(I) The aristocracy
(II) The industrialists
(III) The newly rich people
(iv)The common people
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The term nouveau-riche is a derogatory term meant to mock people who have a lot of money but don't have the good taste to spend it in a "classy" way. ... Nouveau-riche, "new rich" in French, dates from 1813, but the idea goes back to the ancient Greek concept of neo-ploutos.
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the newly rich people
as the term neo means new
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