First Came Paris Hilton

First came Paris Hilton with her elaborate lifestyle set on display!   However, Robert Frank, a writer for CNBC reports that a new Tumblr blog, "The Rich Kids of Instagram" features photos set in gilded gold frames of rich kids and wanna-bes in various states of excess, undress and indulgence, and ever since its launch last month, "The Rich Kids of Instagram" has touched off a firestorm of debate over rich kids and social media.

One shot shows three teens swimming at a lake - and pouring Dom Perignon into one other's mouths. Another shows a guy sticking a giant foam finger out of his Ferrari, while in another kids slide down a giant inflatable slide attached to the side of their mega-yacht.

The site also marks the debut of a whole new genre: "receipt porn." Some posts consist of a photograph of a 100,000-euro meal receipt from St. Tropez and a $42,000 bar bill.

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