Social network exclusively for rich kids costs $1,000 to join

NEW YORK -- "Being rich is boring when nobody sees you," -- that's the slogan for a new social media website targeting rich teens.

Rich Kids crowned itself the "world's most exclusive social network," and has a whooping $1,000 per month membership. And if it's too much for you, then it's not for you, the site says.

The site is on a mission to "weed out the common folk" and help "the rich stand out."

If your pockets aren't deep enough to jump in on this elite trend, you are welcomed to see everything the Rich Kids users post. The company said its cash-stacked users are focused on being Instagram famous but are looking to "be visible and elegant in a meaningful way."

In an attempt to soften the platform's image, Rich Kids said it donates one-third of each membership to the "education of poor kids."

The app is only available on Apple's App Store, but it's going be interesting to see who among the flashy are going to jump on this golden bandwagon.