Meaning of the word "he that hath a full purse never wanted a friend" in English

What does "he that hath a full purse never wanted a friend" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

he that hath a full purse never wanted a friend

US /hi ðæt hæθ ə fʊl pɜrs ˈnɛvər ˈwɔntɪd ə frɛnd/
UK /hiː ðæt hæθ ə fʊl pɜːs ˈnɛvə ˈwɒntɪd ə frɛnd/
"he that hath a full purse never wanted a friend" picture

Idiom

a proverb meaning that wealthy people will always have people around them who want to be their friends, often for selfish reasons

Example:
Ever since he won the lottery, he's been surrounded by new 'best friends'; as they say, he that hath a full purse never wanted a friend.
I know they only like him for his money, because he that hath a full purse never wanted a friend.