Crossword Genius

Old adore ridiculously wealthy place (8)

Ross

I believe the answer is:

eldorado

I'm a little stuck... Click here to teach me more about this clue!

'wealthy place' is the definition.
'Eldorado' can be an answer for 'place' (mythical golden city). I am not certain of the 'wealthy' bit.

'old adore ridiculously' is the wordplay.
'ridiculously' is an anagram indicator.
'old'+'adore'='oldadore'
'oldadore' anagrammed gives 'ELDORADO'.

Can you help me to learn more?

(Other definitions for eldorado that I've seen before include "city, apparently lost" , "The golden land?" , "source of wealth" , "rich land, so many thought" , "city of riches" .)

I've seen this clue in The Sun.
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