smart spending
Spoiled rotten: 11 most pampered rich kids
Some children are never too young to acquire a taste for luxury. Business Insider compiled a list of the most spoiled kids that included famous last names such as Cruise, Combs and Hilton, along with an assortment of inheritors with mind-boggling spending habits. Read on for a taste of the high life.
Tamara and Petra Ecclestone
Rich and spoiled expense:
London and Los Angeles real estate worth more than $150 millionNo. 1 on the list are the daughters of Formula One Management CEO Bernie Ecclestone, Tamara Ecclestone, 28, and Petra Ecclestone, 24. The two made news in the past year for their extravagant real estate spending spree that netted them an $85 million Los Angeles mansion and a $70 million,16,000-square-foot home across from Kensington Palace in London.
Suri Cruise
Rich and spoiled expense:
A $2,000 raincoatThe fashionable Suri Cruise, daughter of actors Katie Holmes and Tom Cruise, gets to live the dream of every little princess by bunking at Cinderella's Castle Suite in the heart of Disney World's Magic Kingdom. She tours the land of Mickey Mouse in a wardrobe to rival any designer clotheshorse, reportedly including a Dolce & Gabbana trench coat that retails for more than $2,000.
Valentina Paloma Pinault
Rich and spoiled expense:
A $12 million Los Angeles estateThe daughter of actress Salma Hayek and Francois-Henri Pinault, CEO of luxury goods company PPR, is only 5, but she's already enjoying vacations in the exclusive Caribbean enclave of St. Barts. She even walks the red carpet with her actress mother at movie premieres. And when she grows up, she'll have her own Los Angeles estate -- currently being held in trust. The estate is worth $12 million and is being funded with $50,000 a month by her father.
Justin Combs
Rich and spoiled expense:
A gift of a $360,000 MaybachJustin Combs, 19, son of the rap star Sean "Diddy" Combs, received a $360,000 silver Maybach for his Sweet 16 birthday party. But he didn't need money to attend college: His football prowess has earned him a scholarship at UCLA.
Sheikh Hamdan bin Mohammed bin Rashid al Maktoum
Rich and spoiled expense:
A Swarovski-crystal-studded MercedesThe 30-year-old crown prince of Dubai is the son of Mohammed bin Rashid Al Maktoum, the Prime Minister of the United Arab Emirates. He drives a Swarovski-crystal-studded, mink-finished Mercedes worth an estimated $4.8 million. When he feels like being on the water, he can hop into the world's largest yacht, worth $300 million.
Ekaterina Rybolovleva
Rich and spoiled expense:
The most expensive apartment in ManhattanThe 23-year-old received a gift of an $88 million penthouse in Manhattan -- the single most expensive apartment in the Big Apple -- from father Dmitry Rybolovlev -- to use when she's in the city. She also keeps homes in Monaco and Switzerland.
Blue Ivy Carter
Rich and spoiled expense:
A $5,000-plus, crystal-encrusted bathtubThe 1-year-old Blue Ivy, daughter of singer Beyonce and rapper Jay-Z, may be just a tot, but she's growing up with a huge taste in luxury. She splashes her tiny hands in a $5,200 bathtub encrusted with Swarovski crystals and takes her naps in a $3,500 crib.
Emme Anthony
Rich and spoiled expense:
Decked out in nearly $5,000 worth of ChanelAnother fashionista in the making, the 4-year-old daughter of singers Jennifer Lopez and Marc Anthony has already attended shows during Paris Fashion Week. Her miniature couture wardrobe for the front row included more than $2,400 worth of Chanel accessories, including a $310 brooch, and a $2,100 bag.
Haji 'Abdul 'Azim, Prince of Brunei
Rich and spoiled expense:
30th birthday party with more than $113,000 worth of floral decorationsAnother prince who likes to party, his 2009 joint birthday celebration with his siblings was dubbed the "party of the year" and was rumored to have spent more than $113,000 on flowers. His 30th birthday last year was also no slouch -- as an interesting crop of celebs from Faye Dunaway to Raquel Welch were in attendance. We're wondering what they got for showing up -- his 25th birthday included goodie bags featuring iPods, diamond jewelry and luxury Creme de la Mer face creams.
Liesel Pritzker
Rich and spoiled expense:
More than $8 million worth of Manhattan real estateThis heiress to the Hyatt hotel fortune sued her family in 2002 and, with her brother, received a reported $560 million. Now 28, the former Columbia University student purchased a $6.2 million apartment on the Upper West Side of New York City and a $2.29 million condo near Columbia's campus.