(adj.) Giving the appearance of wealth through purchase and use of flashy items such as expensive cars, jewelry, clothes, or other trendy items, without having much money (ie, every expensive item is financed.) The items purchased are "the real thing" but the individual buying them lacks the sufficient income/net worth to truly comfortably afford the items. The individual is usually tapped out financially but due to the items purchased, appears to the general public be wealthy.
Man #1: "I guess Jerome is doing well. He's got the new Ferrari, Rolex, and Aramani suit."

Man #2: "Nah, he's just nigger rich - about to file for BK."
by Kinney Shoe Sto' December 11, 2006
showing up to school in a louis vuitton backpack and baby phat coat and going home to a shack in detroit.
Plenty of Girls in Detroit.
LaShawnda, Monique, Chantel... you know em. Nigger rich!

Or applying for food stamps in a mink coat.
by an angry white person December 2, 2005
Spending your money unwisely on things you dont need that wont last you that long
That kid has every pair of jordans, wows hes really nigger rich
by John April 28, 2005
adj. - someone who spends all of their current monies on goods and/or services, with no thought of future income -
DeMontrell just got a new dodge neon but he can't afford to put gas in it. DeMontrell is nigger rich.
by Tru-damie August 23, 2006
A person of any race who willfully lives in a lower income area or ghetto. Spending all there money on big screen lcd screens and nice cars.
Dam Toby's car is real nice he must be rich. No he's not Rich he's "Nigger Rich"
by Sexy Fox July 8, 2009
1.Not having money, but spending like you have riches. 2.Spending unwisely after coming upon a large amount of money. 3. When you know you cant offered something, but buy it anyways.
During tax season, Kiesha becomes nigger rich. Kiesha knows she can't offered that new car.
by Lame duck February 26, 2019
This term, originated in the black community. The term refers to when welfare checks arrived - on the usual time of the month. Recipients would redeem their checks and have a "pocket full of money" and spend most of it that night, buying nice clothes ("threads"). The remainder would be spent on drinks for women at the clubs...in attempt to impress them.
James got his mailbox money today...Friday night he'll be nigger rich at the club.
by Maj Dick November 9, 2015