The holiday season is winding down, but for some rich kids, the gifts just keep on coming.
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.
No. 1 on the list are the daughters of Formula One Management CEO Bernie Ecclestone, Tamara Ecclestone and Petra Stunt. Aged 23 and 28, 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.
The fashionable Suri Cruise, daughter of actors Katie Holmes and Tom Cruise, who made news for having her own credit card at the tender age of 6, 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 in a wardrobe to rival any designer clotheshorse, reportedly including a Dolce & Gabbana trench coat that retails for more than $2,000. So what to get the little girl who has everything for Christmas? According to Business Insider, Holmes planned to surprise Suri with a Victorian playhouse that stands 8 feet high, is equipped with running water, electricity and landscaping and costs $24,000.
Other spoiled kids on the list include Justin Combs, son of the rap star Sean "Diddy" Combs, who received a $360,000 silver Maybach for his 16th birthday, and 11-month-old Blue Ivy, daughter of singer Beyonce and rapper Jay-Z, who splashes her tiny hands in a $5,200 bathtub encrusted with Swarovski crystals and takes her naps in a $3,500 crib.
It's no wonder that with Champagne tastes honed at such a young age, rich parents often cite the lack of fiscal responsibility as their top concern when it comes to their children.
Keep up with your wealth and mortgages and follow me on Twitter.