What does riches to rags mean?

“Riches to rags” is a less popular version of the idiomrags to riches.” It typically describes a situation in which someone transitions from being financially wealthy to being poor or disadvantaged, but it can also refer to any situation where one goes from being fortunate to being unfortunate (e.g., “The poor lad went from riches to rags”).

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What is a rags to riches story?

A “rags-to-riches” story tells of someone or something that went from poor to rich, or from an unfavorable situation to a favorable one. For example, if someone invents something and makes a lot of money from it, that would be considered a “rags-to-riches” story.

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