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Young Rich Niggas was the breakout 2013 mixtape from Migos, with the single “Versace” going viral. Offset makes a reference to the idea of young money vs. old money . Those who have acquired their wealth within their generation are considered “young” or “new money,” while people who got their wealth through an inheritance are known as “old money.” New money also carries connotations of lacking the “good taste” traditionally connected to old money, along with a desire to show off this new-found wealth.