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When a person of no money or wealth receives a sum of money and spends it on crap they don't need. For example; payday, pawning something of value, or Workman's comp settlement.
Marcus: Hey, I just won $50 on a lottery ticket. Can you give me a ride to liquor store to buy some Miller Lite and some pornos.

Jon: Dude, you are Ghetto Rich. You can at least spring for some Bud Lite.
by DB in MO August 23, 2008
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Nov 27 Word of the Day
A stupid person; it refers to the lack of surface area on an individual's brain. The general thought is that the more surface area (wrinkles, creases, etc.) a brain has, the smarter the person is. Conversely, a person with a smooth brain (no wrinkles) has less surface area and would therefore be stupid.
That fucking smooth brain put his shirt on backwards again...

That smooth brain is dumber than a pile of shit.
by Tip Tank May 14, 2011
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primarily invested in depreciating assets i.e. cars, clothes, jewelery ghetto fabulous
someone with a tricked out car, a closet full of throwbacks, and no savings account is ghetto rich
by ryan January 14, 2005
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When a lazy, non-working, baby-hatchery mother gets Government money (welfare, Social Security, HUD, etc.) because she produces so many children.
Where did LaNeesha get the money for that new weave, those gold rims on her Pinto, and those designer sunglasses?

"Didn't you hear? All of her baby daddies were killed pulling that home invasion upstate and now she gets Social Security for her kids."

All eight of them?!?!

"Yup. She's ghetto rich."
by mike87111 December 11, 2011
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Converting one's bills into singles, making the apperance of wealth.
Ghetto Booty: Girl, I thought that pimp was rich, but all he had was ones.

A twenty turned to one dollar bills makes you ghetto rich.
by John K. July 08, 2005
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When you work so much you don't have time to spend all the money you have accumulated.
Being Ghetto Rich is nice but when you don't have enough time to spend the money it sucks!!
by trogdor357 November 29, 2010
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