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15 Spoiled Kids Who Waste Their Famous Parents’ Fortunes

Entertainment
15 Spoiled Kids Who Waste Their Famous Parents’ Fortunes

Celebrity parents might be wealthy but they are definitely not exempt when it comes to wanting to give their children the best, even if it means spending thousands of dollars on them on the regular. And for the celebrity kids who are older, many have no problem squandering away their parents’ wealth that can easily reach the million dollar mark (and sometimes the billion dollar mark) at any given minute. Whether their parents are a successful businessman, athlete, or entertainer, the same holds true for many celebrities who pour their hard earned money into helping their children maintain the same lifestyle.

Some of these kids are even deemed “spoiled” considering some are given their first pair of diamond earrings or fur coat before they can even say or spell the word “diamond.” And while it might not be their fault that their parents are throwing cash and wealth their way, there’s no doubt that they are squandering their parents’ money, even if it’s not intentional. For the kids who know exactly what they are doing, it could be considered a shame. But who wouldn’t want to swipe their mom or dad’s American Express black card every chance they got? All I can hear in my head at this point is Hillary Banks saying, “Daddy I need $300” on the hit sitcom The Fresh Prince of Bel-Air. I can only imagine how many Hollywood kids say that to their parents on a regular basis. Check out 15 celebrity kids who are wasting their parents’ fortunes.

15. The Hilton Siblings (Paris, Nicky, and Conrad)

It’s no secret that these famous sisters spend mom and dad’s money. After all, that’s how we got to know them as they grew into being Hollywood socialites back in the early 2000s. Their brother, Conrad Hilton III, spilled all of the beans with just how bad it was when he had his own antics on a British Airways flight. He threatened to get the entire flight crew fired when he was accused of smoking, making obscene statements, and threatening the employees. Hilton admitted that he said he could get all of them fired “in less than thirty seconds.” He used past incidents as a way to prove his point when he said, “I know your boss! My father will pay this out. He has done it before. Dad paid $300K last time.” As for the sisters, everyone knows that they use up their parents money as well. Quite a trio those Hiltons. At least Paris and Nicky seem to have made a name for themselves on their own in multiple business ventures.

14. Barron Trump

America’s new First Son was spending his dad, now President, Donald Trump’s, wealth long before Trump was sworn in as president earlier this year. In case you were wondering to what extent, check out this breakdown: Barron Trump lives on his own floor of a Penthouse in Manhattan (now I see why his parents were so hesitant to have him live in the White House), there is a dab (or two or three) of caviar inside of his moisturizer, according to Melania Trump, who has called him a younger version of Donald Trump. Depending on who you like, that could be a good or bad thing. And we all know that Barron is usually spotted wearing a designer suit rather than a pair of jeans and a t-shirt like most kids. Of course, he attends one of the top schools in New York City — Columbia Grammar and Preparatory School in Manhattan. Only the best for Barron.

13. Valentina Pinault

She’s the daughter of actress Salma Hayek and French entrepreneur Francois-Henri Pinault and while she’s only ten, she has definitely made a splash when it comes to spending her famous parents’ hard earned coins. At just five years old, she had more stamps on her passport than many adults. She has been seen spending time in the coveted St. Barts and going on vacations and fabulous parties in Italy. Pinault is said to spend about $50,000 a month on a $12 million estate in Los Angeles that is in her name. And she knows she has the power when it comes to being in front of a paparazzi’s camera as she often sticks out her tongue and taunts them. I can only imagine what her parents say about the cameramen at home. On a side note, she can not only speak English but is also pretty good at speaking Spanish and French.

12. Brooklyn Beckham And The Other Beckham Boys

Victoria and David Beckham’s sons certainly belong on this list. The one who has made the most noise is the oldest, Brooklyn Beckham. Brooklyn’s wealthy privilege came in handy recently when he scored a deal with Burberry as his very first modeling gig. Word spread that he only did it because of his parents’ ability to pay the big bucks. Apparently the soccer star and his singer/designer wife were even at odds of how to move forward with Brooklyn and his own career and ability to bring in his own money. One insider said that David doesn’t want Brooklyn to only grow up to be a “silver spoon” kid. But based on recent reports, he’s already there and David is already aware that Brooklyn is viewed as “spoiled” especially in New York City. But his mother has different views. Only time will tell if Brooklyn will be on this list again.

11. Prince Of Dubai

His real name is Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, but he’s known as the Prince of Dubai. He’s often seen driving around in his luxury mink Mercedes, that’s also toped with diamonds, and was at one point worth just under $5 million. As for traveling on water, he uses the biggest yacht in the world that’s priced at $300 million. Here’s a fun fact: one time when he was in New York City, he ordered a desert that was priced at $1,000. It was probably so expensive because it had edible gold in it. His father is Mohammad bin Rashid Al Maktom, the vice president and prime minister of the United Arab Emirates and Emir of Dubai. He was worth a whopping $18 billion back in 2008, so who knows how much that has grown in the past nine years. Either way, his son could be living off of it for quite a while.

10. Emme And Max Anthony

Would you expect anything less from the adorable twins of Latin royalty couple Jennifer Lopez and Marc Anthony? Emme has already received the front and center spotlight of Paris Fashion Week, and she definitely fit in there as she reportedly wore more than $2,400 worth of Chanel accessories alone. What were the expensive pieces? They’re said to be a brooch worth $310 and a bag worth $2, 100. That seems to be the usual with the twins as they are often seen flying private to lavish spots like Spain, Britain, Italy, and even Turkey. But considering their godfather is none other than superstar actor Tom Cruise, it’s no wonder that they cash in even more treats thanks to their celebrity parents. Word is that Cruise threw the twins a “Welcome to the World” party for their christening that came with a price tag of $200,000. There is also speculation that they were gifted with diamond rattles and wore matching outfits, that were designer of course.

9. Elizabeth Paige Laurie

Her parents might not be traditional celebrities, but considering Laurie is the heiress to the Walmart fortune proves that she is definitely one who uses up her famous family’s money. She faced a pretty big scandal after she was caught cheating on her college paper when she was a student at University of Southern California. Apparently she used her parents’ funds to pay her roommate tens of thousands of dollars to not only write papers for her, but also do her homework on a regular and complete any other assignments she was handed. Talk about privilege! Her name can also be seen on a sports arena at the University of Missouri following her parents’ multi-million dollar donation. But cheating in school isn’t the only scandal this heiress was involved in; word is she cheated on her husband in an affair that ended with her getting a divorce. Oh Elizabeth…

8. Justin Dior Combs

He has no shame in spending his dad Sean “P. Diddy” Combs’ funds. Fans got a sneak peek at the lavish life of Justin Combs when he was featured in an episode of My Super Sweet 16 on MTV. His famous hip hop dad gave him a Maybach car. We all know that’s a luxury car but in case you were wondering, it was worth $360,000. His college football coach at UCLA tried to shut down his lifestyle when he called him spoiled. Diddy ended up defending his son’s honor and allegedly hit the man with a kettle bell. Apparently the coach, Sal Alosi, told the players, “While you guys are training, this guy is sitting court side with his dad.” It looks like he felt a certain way about Justin attending the NBA All-Star Game that year instead of practicing with the team. Justin might like spending his dad’s money, but he earned a scholarship to play football at UCLA.

7. Petra and Tamara Ecclestone

This dynamic duo is known for spending their famous father’s money. Their father, Bernie Ecclestone, is the founder of the prominent Formula One (also known as F1) racing group. His net worth is more than $4 billion. He was ranked the fourth richest person in the United Kingdom in the 2011 edition of The Forbes World’s Billionaires List. And his daughters are using up every penny he allows. Let’s just say they have already received the $4.8 billion from their trust fund and get to decide how they spend every penny of it. They’ve been spotted buying expensive designer handbags and a mansion here or there. At one point, Petra purchased a mansion in Los Angeles that was worth $85 million. This is clearly nothing to scoff at and it might be safer to say that they don’t plan on slowing down anytime soon. Only time will tell how long it takes to blow through nearly $5 million.

6. Suri Cruise

If Tom Cruise would put out nearly a quarter of a million dollars for his godchildren, how much more would be spend on his only (biological) child, Suri Cruise? She is easily one of the wealthiest children in the country thanks to her rich parents, Tom Cruise and Katie Holmes. She had a very special trip to Disney World when she had the luxury of staying in an apartment that was designed for the actual Disney family in the Magic Kingdom. It’s not clear what the price is but that’s because usually people can’t even book a place there. What we do know is the reported worth of Suri’s wardrobe, which is said to be about $3 million, including a Dolce & Gabanna coat that’s worth $2, 140. Chloe, Burberry, and Marc Jacobs are also featured in her extensive wardrobe according to reports. Word also spread that Holmes wanted to get Sure a dollhouse that stood at eight feet and cost $24,000.

5. The Brant Brothers

In their childhood, Harry and Peter Brant lived in a home that sat on 53 acres. They often took to social media to brag about their expeditions around the world and the designer items they could get at the snap of a finger. Their father, who is a philanthropist, stripped them of their social media rights when they threatened to kill the President. As for their mother, she’s a former supermodel, Stephanie Seymour. They might not be on the Hilton level just yet, but they are heading there on the path they’re on right now. They have both been arrested and probably had their parents help them make bail. What did they do? Well, Peter got physical with a guy working security at the John F. Kennedy airport in New York City. Harry’s crime might have been a little less violent but it still landed him behind bars after he tried to do a ride and dash and not pay a cab driver.

4. Blue Ivy Carter

Blue Ivy Carter is the daughter of music royalty, as her parents are Beyonce and Jay Z. She came into this world in January of 2012 and has been getting wined and dined ever since. Some of the most notable items are $66 slippers, a $3, 500 crib that she slept in in the earlier days of her life, oh and I can’t forget the bathtub lined with crystal that was said to be worth $5, 200. But Jay Z doesn’t mind admitting that his daughter is “spoiled.” He called it when he said she would probably the “worst spoiled little kid ever.” She’s spent days on yachts before she could ever even speak and was seen traveling with her superstar parents to exotic places such as Italy and the south of France in the Cannes area. And she has even enjoyed seeing the infamous Janet Jackson front and center. Oh to be Blue Ivy Carter.

3. North West

If you mention Blue Ivy, it’s almost inevitable that you have to bring up her counterpart, North West. The two are also compared to one another but one thing is clear: they are both living lavish lives thanks to their parents. As for North, her famous parents, Kim Kardashian and Kanye West, are reportedly a little more public when it comes to their status of wealth and how they share it with their daughter, North West. One insider told OK! Magazine that North, who is not even four years old yet, hates to wear the same clothes twice. She takes it a step further and doesn’t like to wear some clothes for too long in one day. Wardrobe change at noon? Check. Other fun facts is that North has her own hair stylist, wears $50,000 diamonds, wears designer outfits like Givenchy, and of course travels the world with her mom and dad. Interestingly enough, rumor has it that North’s younger brother, Saint West, isn’t too far behind.

2. Brandon Davis

The grandson of oil tycoon Martin Davis has no problem not only spending his dad’s wealth day in and day out, but Brandon Davis, who is friends with Paris Hilton (that alone should say what type of socialite he is), is often spotted out and about wasting his family’s money. He has been previously linked to The OC star Mischa Barton but had beef with Lindsay Lohan (he famously nicknamed her “Fire Crotch”). He’s known for throwing lavish parties and partaking in drugs from time to time. His dangerous yet wealthy lifestyle went even more public when he was charged with a DUI. But his family has plenty of money for that as Martin reportedly has a net worth of $55 million. Brandon is another example of someone who probably shouldn’t have that much money available at his fingertips. Nevertheless, his antics have definitely earned him a spot on the list of celebrity kids who waste their parents’ wealth.

1. Prince George

This tot’s arrival was highly anticipated and now that he arrived a few years ago, he has been spending his parents’ money left and right. Even his father, Prince William, said they spent way too much money on him for his third birthday last year. One ten-year-old fan asked Prince William what Prince George received for his birthday and he didn’t even want to give all of the details. “I am not telling, he got too many things, he’s far too spoiled,” Prince William admitted. But as far as what he has gotten before, his lavish gifts include a Victorian playhouse valued at nearly $24,000. Prince William and his wife, the Duchess of Cambridge Kate Middleton, also had a little help from their friends, former President Barack Obama and his wife Michelle Obama, when they bought him a rocking horse. It looks like this is just the beginning of the royal tot spending his parents’ wealth.

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