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A person who is rich. Someone who has a lot of racks on them. Inspired by the songs racks on racks by Young Chris and racks in my pocket by Los.
"Lil Queezy is always throwing racks around at the strip club"

"Yeah man he is a rackstar"
by lilqueezy October 07, 2011
a style combining the rockstar look and hip hop rap styles together ...wearing tight pants,stunna shades,fitted hat,tight shirt, nikes bandana around your neck, nice watch, and big belt buckle...and being able to match
yo that kids got a rackstar style
by jake miley November 21, 2007