dumped due to socio-economic class differences

I'll try to make a long story short here... i was seeing someone last summer (2023) and it was magical for about three months (at least for me?). We met thru mutual friends at pride and hit it off... Amazing sex, we were genuinely close friends quickly, we shared values and goals in life, we cared deeply for each other, etc. He was affectionate, caring and sweet in a way I had never experienced with a partner before. I live in New York and dating is hard here so i felt like I had finally found a real connection since my last break up about 5-6 years ago after really putting myself out there. Almost all of our friends got along and we built community around us with weekend beach trips, our first ever trip to fire island and shared hangs going out. I was so guarded when i met him but as he revealed his true character to me I opened up and really trusted this person... I was hopeful we were building a foundation for something more serious.

Three months in he cut things off with me and when i pressed him as to why, a few weeks later he said it was because I grew up wealthy and he didn't. This is true, I am frankly in the 1% and he grew up a child of immigrants living paycheck to paycheck or broke. I thought it was ridiculous at the time as this seems like the kind of thing you bring up in serious conversation in terms of navigating this difference, but not a reason to end a relationship. We took space for many months and recently rekindled a friendship. He has a new boyfriend. When i asked him tonight what he saw in this person he didn't' see in me, the same point came up as to socio-economic class difference. I've navigated this class difference before and while it's hard, it's not impossible!

SO!... what do you think about this? Have you ever been dumped for having more money than someone? have you been on the other side of that? do you think he was warranted
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Update: Thank you all for the feedback, this has been really helpful and enlightening. I am still processing how to navigate dating in the future. any added advice on this would be appreciated as I am trying to put myself out there to meet new people.