Are these the most outrageous displays of teenage wealth yet?

New Instagram account claims to be the most ostentatious yet. Photo / Instagam / theluxurykids

Whether they're jetting off on holiday to an idyllic location - on a private plane, of course - or flaunting designer shopping hauls, the Rich Kids of Instagram are known for being outrageous.

Now a new Instagram account depicting the life of "luxury kids from around the world" claims to portray the most ostentatious displays of wealth yet, according to Daily Mail.

Flaunting your spoils from Chanel or a selfie on the private jet isn't enough for these rich kids who want to prove that money is no object through willful destruction and waste.

One is seen getting staff to pour champagne on their Lucky Charms cereal while another invites his pet tigers to jump in his Bentley to go for a ride.

Another shared a receipt of a €53,000 ($97,000) bar bill while others flaunted their status by sneering at those less fortunate, with one posting a snap of his McDonald's while lounging in his private jet, with the caption "thought I'd try peasant food".