It is narrated from Sayyiduna Malik bin Nadlah al-Jushami (may Allah be pleased with him) that he said: I came to the Prophet (peace and blessings be upon him) wearing two burdah cloaks or two shamlahs (coarse wrapping sheets). He (peace and blessings be upon him) said: "Do you have wealth?" I said: Yes, every kind of wealth. He (peace and blessings be upon him) said: "Then let the blessing of Allah be seen upon you." So the next morning I came to him (peace and blessings be upon him) wearing a red suit of clothes.
Hadith Referenceالمعجم الكبير للطبراني / باب الميم / 16660