No, Europeans have a great disdain and entrenched negative view of wealth.
(Edit: admittedly, most 'nouveau riche' North Americans are fairly tacky in their expenditures. Some spectacularly so. I do actually find it borderline offensive, some of the Instagram rubbish. Being 'showy' with wealth is a sure sign of lack of real nobility)
In Europe, people's instincts are 'zero sum game' - someone has wealth because they must have 'taken' it, or one of their ancestors had.
In America it's a little more 1+1=3, even though that's often on the case. Particularly in the valley. Bing Gordon had some funny things to say about that - even American East Coast culture (i.e. banking) is very much zero sum.
The Valley, despite it's shades of narcissism is also very social in some ways. Think of open source. It's a hugely important concept. And it's very much 1+1=3, I think. And yet, immensely wealthy Google and others still treats 'any non essential staff' with low pay, like a 'lower caste'. (I find sometimes we think our 'free software' contributions are 'noble and virtuous' and then we forget that it's our actual actions in life that matter as well...)
I like German culture - and yes, it's communitarian, but also very classist. The state decides who goes to uni and not by the time you're a young teen - and it's kids of well off parents. Uni is 'free' but they send fewer kids there.
In Austria - it used to be up until actually quite recently that a CEO who ran his business into the ground could face jail time, not kidding. 'Failure' is something that stuck with your identity forever. 'Failed business' = 'you're finished'. I don't think Germanic culture has yet figured out the art of embracing failure. The 'math' on failure is hard when invariably investors lose money.