E! has announced it's ordered Rich Kids of Beverly Hills, a new reality series that will follow a circle of five millionaire and billionaire friends in their twenties who document their lavish lifestyles on social media,

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The series is scheduled to premiere in January 2014.

According to E!, the show's cast is always spotted with black cards, tiny dogs and loads of Louboutin shoes. They are the children of some of the wealthiest families in 90210 and come together to party.

"These kids are larger than life personalities who are charismatic, shockingly wealthy and born into lifestyles that are outrageously spectacular," E! executive Jeff Olde said in a statement.

The stars of Rich Kids of Beverly Hills have reached Internet fame by constantly sharing their lives with followers on Twitter and Instagram, and they'll be shown attempting to develop their careers and entrepreneurial endeavors with the looming threat of parents cutting off their funds.

"They live a fantasy life on a scale that you just can't turn away from and then they document it all via social media. But at the core, I think viewers will be drawn into the fact that they are genuinely good friends who still have to navigate friendships, relationships and life -- but they get to do it all in luxury cars, yachts and private jets, which is really fun to watch," added Olde.

The group of rich friends is led by "bosom buddies" Dorothy Wang and Morgan Stewart, and according to the network, the show's stars have basically been "plucked from Clueless with a modern makeover."

Rich Kids of Beverly Hills is being produced by ITV Studios America in association with Leepson Bounds Entertainment. David Leepson, Gennifer Gardiner and Doron Ofir are serving as executive producers.

Below are E!'s descriptions of Rich Kids of Beverly Hills' five stars:



- Dorothy Wang

Age: 25

Family Net Worth: Billions

Occupation: "Funemployed! for now..."

Relationship Status: Perpetually single.

About: Opinionated perfectionist, Dorothy is the daughter of a billionaire business mogul who earned her rightful place in social media royalty by showcasing her luxurious life on Instagram. While her parents are traveling around the world running their empire, Dorothy is living large in Beverly Hills and looking into pursuing a career in real estate.


- Morgan Stewart

Age: 25

Family Net Worth: Millions

Occupation: Blogger of BoobsAndLoubs.com, where she documents her plush lifestyle and offers up her personal do's and don'ts of life to her peers.

Relationship Status: In a relationship... with Brendan Fitzpatrick.

About: The "Dionne" to Dorothy's "Cher," Morgan is the sexy wild child of Beverly Hills infamous for her flirty ways, unfiltered humor and unpredictable nights out with her friends. Luckily, BFFs Dorothy and Roxy are always there to be a shoulder to cry on, and on occasion, help reapply mascara after a crazy night. The blonde beauty is trying to find what drives her and what she wants to do with her life, but shiny things -- like diamonds, cars and her boy's smile -- can be very distracting.

 
- Brendan Fitzpatrick

Age: 25

Family Net Worth: Millions

Occupation: Holds a lucrative position at a top real estate firm.

Relationship Status: In a relationship... with Morgan Stewart.

About: Born into wealth and facing great opposition, Brendan is looking to make his own money and justify why he skipped college and went straight into real estate. Brendan also has his hands full with girlfriend Morgan and their colorful relationship filled with high highs and low lows. Will it take a ring to finally calm down his sassy sweetheart?


- Roxy Sowlaty

Age: 25

Family Net Worth: Rich -- but on the verge of getting cut off from her parents.

Occupation: Freelance interior designer.

Relationship Status: Single

About: Persian beauty, Roxy is the mother figure of the group. She was best friends with Morgan, way before Dorothy came along as she is quick to remind her girlfriend, and never leaves home without her dog Lychee. Roxy is currently working hard to get her interior design business off the ground before her parents cut off their funding.


- Jonny Drubel

Age: 25

Family Net Worth: "I'm too classy to say."

Occupation: Singer / Songwriter

Relationship Status: Boy Crazy

About: Dorothy's original BFF who got a little jealous when she started spending more time with other people in their crew. Jonny is nothing short of dramatic and is an emotional rollercoaster, but always a good time (if he likes you). Jonny is a few Tweets short of realizing that cash isn't going to keep him warm at night and even a table at the newest "it" restaurant is lonely when the reservation is for 1.
About The Author: Elizabeth Kwiatkowski
Elizabeth Kwiatkowski is Associate Editor of Reality TV World and has been covering the reality TV genre for more than a decade.