a person who is very rich or has lots of money; a derogatory term for a wealthy person.
Compound of 'money' (from Old French 'monee' and Latin 'moneta') and 'bags' (from Old Norse 'baggi'). The term emerged in the 19th century as a mocking reference to wealthy merchants and their obvious wealth.
In the board game Monopoly, there's literally a character called 'Moneybags,' and everyone joked about needing to be 'moneybags' to actually finish a game—because it takes forever and costs a fortune in bank notes!
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