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London’s richest teens have been flaunting their wealth on a new Instagram account with photos of them wiping their shoes with £50 notes and using cash as tissues.

The Rich Kids of London page bills itself as following the lives of “untouchable luxury kids” from the capital and often seems to mock less well-off young people.

One photo with the strapline “the peasants lining up to go to Primark” has been liked nearly 300 times.

Others show a series of top-of-the-range sports cars including Bentleys and Lamborghinis, or the rich kids lounging in their private jets.

Another, with the message “When a peasant touches your shoes” shows a man wiping his expensive footwear with a £50 note.

Yet another photo shows a young man heading “back to Uni” alongside a gold-plated Maserati.

An image taken in a luxury Knightsbridge home simply shows a woman with her feet up and the message: “Do not disturb.”

One of the most popular pictures shows a huge wad of 500 Euro notes taking the place of tissues in a box with the message: "Hate being sick".

"Light this on fire and we could keep warm for 5 mins," one member jokes.

The account has attracted nearly 42,000 followers and received 4,000 likes on Facebook since its launch in recent weeks.

Their opulent lifestyles echo that of Camberwell university dropout Elijah Oyefeso, who starred in Channel 4 show Rich Kids Go Shopping after earning huge amounts by playing the stock market.

The 21-year-old lives in a £5,000-a-month Kensington flat, drives a £125,000 Mercedes GTS and sports a Cartier watch worth £21,000 on his wrist.