The World’s Richest Kids: The Children of the Wealthiest Brands

From a therapist's point of view, the children of the rich are often left with deep emotional scars from their childhoods. Here are some stories that show why growing up as a billionaire can be tough.

The World’s Richest Kids: The Children of the Wealthiest Brands

What's it like to grow up as a billionaire? Well, for starters you have the best toys, the most exclusive clothes, and you can buy whatever you want. You might be living in a mansion or on your own private island. But being rich doesn't necessarily mean being happy. The children of super-rich parents are often left with deep emotional scars from their childhoods. With the help of therapists, some of these kids have been able to recover and lead fulfilling lives. Here are some stories that show how raising kids is tricky for even the wealthiest people.

The World's Richest Kids

Eleanor is one of the most famous former nannies. She once worked for 3 billionaire children. But how did she pull it off? In this interview, Eleanor reveals how she managed to maintain her cover while working with these extremely demanding children.

The Dark Side of Being a Rich Kid

How Does a Rich Kid End Up Milking the System? What It's Like Being An Over-The-Top Rich Kid The secret lives of super-rich children have always fascinated us, and yet it seems that with every generation the rich kids get more insane, more broken. While these wealthy kids still seem to be getting in touch with their inner child through their vast toy collections and elaborate parties, their childhoods often aren’t the childhood we would ever want for our own. They’re emotionally traumatized by their parent’s wealth, and all they’re ever going to be is emotional drifters. Their present lives are usually mediocre, and it’s as though their past is never ending.

How to Raise Wealthy Kids

(1) Resilience is key to emotionally healthy kids. Parenting is about teaching kids how to handle the challenges and stresses of life. This means encouraging kids to recognize and deal with their feelings, no matter how intense they are. Being resilient in the face of adversity is vital to ensuring kids are able to overcome obstacles that may come their way later in life. This is easier said than done, though. Trauma from childhood experiences can impact both children and parents for the rest of their lives. Children who have felt inadequate, unloved, or abandoned are at greater risk of developing depression and anxiety. (2) Being grateful is the antidote to suffering.

Conclusion

Think you have a wealth creator in the family? If so, consider using some of the ideas in this post to help your family have a richer experience together. Read on to see how you can connect to the kid in all of us and find out how to create a richer experience for everyone. Want to find more about the parents of the world's richest people? Take a look at the parents of the world's richest people: The Fruits of Their Labor and The 50 Richest Kids in the World. Interested in what psychology and the human mind has to teach us about wealth, culture, and families? Want to learn more about how we can use psychology in our daily lives? Sign up for Psychology Today and get daily articles and videos on subjects ranging from the biological basis of happiness to how to achieve work-life balance.