There is new made words: new money & old money. It appears that such wording means that new money means the recent miliionaire and old money means all other millionaire other than new money.
The interesting thing is summarized as follows.
New money think that they can make more money. But old money just focus on the keeping money. It reminds me many things. Among them, it appears that it may imply digitalization, globalization, etc. of the business world.
Thanks to the digitalization, the market will be expanded more than expected in the past, and the room for making money is still open much more.
Further, they may be able to expand their business almost unlimitedly in utilization of the app, which will be equivalant to the previous big company on the offline area, but it does not cost a lot, and M&A strategy which give rise to them a dorminant power in the relevant market.
Based on the foregoing concept and belief, new money appears to be more aggresive and brave. The crucial is the digitalizatin of the current offline business. Get started with new digital challenges!