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The film's working title was Welcome to Paris. According to a Hollywood Reporter news item, Marjorie Main was initially to be included in the cast. According to a Hollywood Reporter news item, director Stanley Donen filled in for Norman Taurog during retakes on a Vic Damone number because Taurog was working on The Stooge at Paramount (see below). Rich, Young and Pretty marked the American motion picture debut of Argentine actor and singer Fernando Lamas (1915-1982). Lamas made several popular films at M-G-M in the 1950s and went on to appear in numerous other films and television programs throughout the 1960s and 1970s.
The film also marked the motion picture debut of popular singer Vic Damone and the singing group "The Four Freshmen." The song "Wonder Why" was nominated for an Academy Award for Best Song, but the award was given to "In the Cool, Cool, Cool of the Evening" from the Paramount film Here Comes the Groom. As noted in the Time magazine review of the film, Rich, Young and Pretty was French actress Danielle Darrieux's first Hollywood film since the 1938 Universal picture The Rage of Paris (see AFI Catalog of Feature Films, 1931-40).