in the money

In the money is another way to say somebody is either wealthy and rich or someone is in the winning position of a race or contest. To be in the money used in more of a figurative sense, it means to be in a winning position of a race where bets were placed and the people placing the bets get money from you. However it is also used more literally which is to say you are very wealthy, and in the money means to be literally having a lot of money.