When someone has too much damn money. Like the scene from the movie Blow when Boston George and Diego were trying to figure out where to store their money in their safe house.
Too much of anything isn't good. When someone wears too much makeup they look ugly. When someone has had too much plastic surgery they look ugly. Money ugly is just a term used for people when they have so much money that it's ugly.
Wow, I just got my pay check and now my money ugly.
I just met a guy from my old high school that was poor and now his money ugly.
I like it when a girls money is ugly that's way I don't have to provide for her.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)