fat cat noun2 •(slang) A rich person who contributes to a political campaign. •(slang, disapproving) Any affluent person who is perceived to have profited from the labor of others; and/or not to care about those of lesser means.A staggering 57% of American workers believe there is a very real chance they will be unemployed in the next 5 to 7 years. But what does that matter to a bloated millionaire fat-cat like you? — 1997 formsfat cats · fat-cats