Trump may have a lot of money, though for him and his greedy family it is never enough and they keep using the government to enrich themselves, but he is the textbook example of a parvenu, defined as “one that has recently or suddenly risen to an unaccustomed position of wealth or power and has not yet gained the prestige, dignity, or manner associated with it.” People who have what used to be called ‘old money’ grew up with a sense that it was gauche to talk about it and especially not flamboyantly flaunt it. It was a given that everyone knew you were wealthy and you were expected to demonstrate it discreetly in understated ways, by being philanthropic, cultured, and patronizing the arts, so that the ugly origins of your wealth was obscured. Trump is the opposite, using every opportunity to tell people how rich he is, and even exaggerating so it is no surprise that old money people despise him.

While his father made a lot of money in the construction business and gave Trump a start on his his own ventures, they were from the outer boroughs of New York City, and Trump was always aware that he was not of the Manhattan elite and felt that they looked down on him. You can see this in the way that he bristles at what he perceives as even the mildest slight, and rages and insults anyone whom he thinks does not respect him. That is not how old money behaves. They feel superior to others and thus can afford to be condescending towards those they consider their social inferiors, mostly ignoring them.

But Trump craves to be accepted by the old money elites and as part of that push he moved his construction business to Manhattan and put his name in gaudy gold lettering on a building there, no doubt seeing that as his entree to the old money elites. But those snobby elites tend to look down even further at those who try too hard to join their ranks and so Trump ended up consorting with other parvenus like the pedophile Jeffrey Epstein.
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