Why not both? Far right movements, at least as far back as the transition of the Tories into the conservative party in the early 1800s, have been lead by the interests of the ultra rich. Far right “philosophy” has always been to their service, whether its regressive “economics” of Malthus or the complete fiction of scientific racism. Almost definitionally, there isn’t a far right movement without a ruling class that it supports and is supported by; that’s what they are trying to “conserve”.
Part of this is having a permanent underclass. Or more than one. Just as the “middle class” is under the ruling class, the under class must be beneath them. This is part of the conservative mindset, which again is created and nurtured by the ruling class for this purpose. The difference between garden variety conservatives and fascists, in this regard, is simply that fascists want the elimination of the permanent underclass.