New money, they looking down on me
Old money snobs who came from wealth look down upon Jay-Z, who has amassed a self-made fortune.
One theme of The Great Gatsby was old money looking down on new money. Jay-Z produced the soundtrack for the recent adaptation of The Great Gatsby. The blue bloods were also in the film, as old money.
This could relate to the next line as well: Lil Wayne being New Money looking down on Jay.
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