Rich Kids were formed in 1977 by bass player Glen Matlock after he left Sex Pistols. An early line-up consisted of keyboardist and guitar player Bill Smyth, Rusty Egan on drums, Steve New on lead guitar, and The Clash's Mick Jones, who acted as a session live player. Glaswegian Midge Ure, whose band Slik had split up and reformed as the punk sounding PVC2, moved to London and joined Rich Kids. Smyth left the group followed by Jones, who continued with The Clash. Rich Kids recorded their first set of radio sessions on 1 October 1977 for the 7 November broadcast of BBC Radio 1, hosted by DJJohn Peel. Following on 13 January 1978, they were ranked at #24 on 4 February UK Charts with their first self-titled single "Rich Kids". This caught more attention from the BBC, who invited them to perform on Top of the Pops and several more sets for the short-lived live music TV seriesRevolver hosted by Peter Cook. On 22 March, they recorded a further session for John Peel's 3 April broadcast. Another single, "Marching Men" was released on 19 May as means to promote the release of their album produced by Mick Ronson. Despite taping a video promo for Donnie Sutherland and After Dark, the song did not chart. At their Lyceum show in spring 1978, Ronson played guitar and Ian McLagan played keyboards. Several of the band's performances were featured in the 1980 filmD.O.A.. Matlock and New later played with Sid Vicious in the bandVicious White Kids, which only played one concert. The Rich Kids released the album Ghosts of Princes in Towers, and the single of the same name, in August, with the latter ranking only at #51. Their last TV appearance was at the University of Reading where they taped a live show for Rock Goes to College on 27 October. But the band ran into creative differences as they recorded demos for a second album. Having acquired a synthesiser, Ure, alongside bandmate Egan, wanted to integrate the new instrument into the band's sound while Matlock and New preferred to remain with traditional guitars and drums. This resulted in the group's decision to go their separate ways. Matlock and New went on to tour with Iggy Pop, while Egan and Ure formed a band called The Misfits and, after short spells with Skids and Thin Lizzy, respectively, reunited in Visage. In April 1979, Ure joined Ultravox. On 7 January 2010, the band played a one-off reunion concert at The O2 Academy Islington, London in aid of Steve New. New died from cancer on 24 May 2010. On February 2016, it was announced that Rich Kids, with Gary Kemp on lead guitar and James Hallawell on keyboard, would reform for a joint headline show with The Professionals at London’s O2 Shepherds Bush Empire for 16 May. The show was rescheduled for 23 June due to the ongoing structural work at the venue. The band reunited for a one-off appearance at the Vive Le Rock awards at The O2 Academy Islington, London on March 27, 2019, with Neal X of Sigue Sigue Sputnik standing in on lead guitar.