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/Sounds like "kah" (as in "car") + "LEH" (as in "let") + "toh" (as in "toll")/

Meaning

A wealthy person who hides their money and lives below their means, the discreet millionaire you'd never guess is loaded. In Colombia, a caleto is rich but deliberately invisible about it, preferring stealth wealth to flashy display.

Examples

Ese señor vive modestamente pero es un caleto, tiene tres casas.

That man lives modestly but he's secretly loaded, he owns three houses.

He looks poor but he's a hidden millionaire nobody suspects.

Word family
Regional synonyms

In Colombia, a little kid or very young boy, said with affection. The diminutive of "pelado" (young person), softened even further into something tender and fond.