How to cope with a cousin whom is resentful of my financial situation?

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Wow sounded really conceited, did not intend to. My cousin and I have been super close within the past 5 years. We share pretty much everything, laugh,cry,fight like brother and sister,etc.Almost like soul mates. However, one thing has kept us divided--money. My father is a physican and has been able to provide well for me and my family--meanwhile his fathers business went bankrupt and has been unemployed/working remial jobs for the past 10 years while his mom works 2 jobs to support their family. I admit it--I have it good- a nice house, a vacation home, I got a car, designer clothes, etc and I don't pay for anything at the moment. Meanwhile he does not have any of the above and is ALWAYS calling me "spoiled" and saying I have things handed to me, throwing my flaws in my face(bad grades,etc) just to compete. I am always supportive of him and give him reassurance and lift him up when he is down. Our last fight was him basically insinuating a ged is inferior to a hs diploma and trying to bring me down. I am thinking about cutting him out of my life. He is just so jealous and resentful(he admits this) that I feel like we both might be bringing eachother down if we stay in contact.Have any of you been in similiar situations on either side of the fence? How would/did you handle this?