Lots of people who get rich quick lack the strategies that have their money make more money. They lack the proper upbringing and guidance that know how to handle $, thus the spending spree and spectacular crash. You see it all the time.
"New money" are in a hurry to catch up with the "old money" by spending a hefty coin on expensive stuff.
See any lottery winner. What happens to them a few years down the road? They're usually broke.