The Trump Children and 14 Other Heirs and Heiresses Getting Rich Off Family Money
Some wealthy individuals work hard for their money, and others are born with it. The most successful business people often take care of their families by funding their extravagant lifestyles and leaving them inheritance money.
Many of these descendants become successful in their own right, but some use their family funds to enjoy a permanent vacation.
Click through to find out who the richest families are and who is inheriting their wealth.
Some wealthy individuals work hard for their money, and others are born with it. The most successful business people often take care of their families by funding their extravagant lifestyles and leaving them inheritance money.
But not every silver-spoon kid has it easy. For example, President Donald Trump’s youngest daughter, Tiffany Trump, has often lived in the shadow of her older sister, Ivanka, reports Yahoo! Entertainment. According to the entertainment site, Tiffany asked her father for help in securing an internship with Vogue in 2016; but, after discussing it with Ivanka, he decided she didn’t have the right “look” for fashion, and she instead enrolled in Georgetown Law.
Although family dynamics can vary, many of these descendants do become successful in their own right — even if they used family funds to get there. Take some time to learn a little more about who the richest families are and who is inheriting their wealth.
Last updated: Sept. 15, 2020
Peter Brant II Net Worth: $2 Million
Born to billionaire Peter Brant and supermodel Stephanie Seymour, Peter Brant II lives a life of privilege. Along with his brother, Harry, and sister, Lily, the sibling trio are heirs to their father’s fortune, earned in the paper industry. Peter Brant Sr. is chairman and CEO of White Birch Paper, a succession from another business co-founded by his father in the 1940s.
The younger Peter Brant and his brother, Harry, collaborated with cosmetics company M.A.C. for a unisex makeup collection in 2016, but Peter primarily is known as a socialite.
Jamie Laing Net Worth: $10 Million
In 1892, Jamie Laing’s great-great-grandfather, Alexander Grant, invented the “Digestive” biscuit, which evolved into the hugely popular U.K. brand McVities. The company was sold to private-equity investors in 2000, but Laing is set to inherit the family fortune.
A businessman himself, Laing founded U.K.-based gourmet sweets company Candy Kittens in 2012. He also runs the YouTube channel “Jamie Laing’s Happy Hour” and has starred on the reality series “Made in Chelsea” since 2011.
Tiffany Trump Net Worth: $10 Million
Before taking over the Oval Office, Tiffany Trump’s father was a businessman whose net worth was estimated at $3.1 billion. The amount of inheritance money she’ll receive is unknown, but according to unreleased audio and a transcript from a December 2005 episode of “The Howard Stern Show” featuring Donald Trump and obtained by Newsweek, she was included in his estate planning process.
The president was asked in the 2005 interview whether two of his older children, Ivanka and Donald Jr., wanted to bump Tiffany from his will so that they could have a bigger cut of the inheritance pie. Tiffany graduated from the University of Pennsylvania in May 2016 and just recently graduated from Georgetown Law School.
Eden Sassoon Net Worth: $20 Million
Her father, Vidal Sassoon, created a hair care empire, and when he died in 2012, Eden Sassoon received a portion of a $7.3 million inheritance marked for family, according to the Daily Mail. At the time of his death, Vidal’s net worth was $200 million, and the publication revealed the inheritance money was doled out through several trusts, including one named for his four children.
An entrepreneur in her own right, Eden owns a hair salon and two Pilates studios in Los Angeles. She also appeared on the seventh season of “The Real Housewives of Beverly Hills.”
Lydia Hearst-Shaw Net Worth: $100 Million
An heir of publishing tycoon William Randolph Hearst, Lydia Hearst-Shaw was born with inheritance money. It’s unknown how much of her fortune is tied to old family money, but Hearst-Shaw has found success in her own right as a model and an actress.
The daughter of Patty Hearst, she has modeled for the likes of M.A.C. and Escada, and she has several films in the works for 2018, including “The Haunting of Sharon Tate.”
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Balthazar Getty Net Worth: $200 Million
Balthazar Getty’s great-grandfather was oil baron John Paul Getty and his father was John Paul Getty III, whose kidnapping story was told in the 2017 film “All the Money in the World.” Not one to live off his inheritance, Balthazar is a successful actor best known for his starring role on the television series “Brothers & Sisters.” He also has found success as a DJ.
Paris Hilton Net Worth: $300 Million
She’s one of the most famous heirs in the world, but most of Paris Hilton’s inheritance from her hotel magnate grandfather is going to charity. In 2007, William Barron Hilton announced plans to donate 97% of his $2.3 billion fortune to the Conrad N. Hilton Foundation, leaving the remaining 3% to his family, People reported.
Thankfully for Paris, she doesn’t need a handout, considering she capitalized on her reality TV stardom and became a wildly successful DJ who sits atop a massive retail empire. Sales from her 50 retail stores, 19 product lines and 23 different fragrances exceed $2.5 billion, according to the Daily Mail.
Donald Trump Jr. Net Worth: $300 Million
The first-born child of President Donald Trump, Don Jr. has an unconventional past. After becoming estranged from his father following his parent’s divorce, he spent summers with his grandfather in Prague. And when he graduated from the University of Pennsylvania in 2000, he lived in his truck and worked as a bartender.
But this lifestyle didn’t last. Don Jr. quickly moved into the family real estate business, where he’s earned most of his money as the executive vice chairman. He also makes money as a book author and public speaker and has spent much of his time campaigning and fundraising for the Republican party.
Eric Trump Net Worth: $300 Million
Donald Trump’s third and final child by his first wife, Ivana, Eric Trump also spent much of his childhood with his maternal grandparents in Prague. Like his father and brother, he attended Hill School (a preparatory boarding school in Pennsylvania), although he went on to Georgetown University instead of the University of Pennsylvania.
Eric Trump serves a vital role in the Trump Organization alongside Don Jr. According to Ivanka Trump’s financial disclosures, the three siblings have earned around $35 million each in salary over the past two decades, although none of them have ownership stakes in the business. They do each possess 7.5% ownership of the Trump International Hotel in Washington, D.C.
The Eric Trump Foundation raises money for Saint Jude Children’s Hospital to help children with life-threatening illnesses. However, there has been some controversy over where that money is really going, and the New York State Attorney General’s Office has launched an official inquiry into the foundation.
Petra Ecclestone Net Worth: $400 Million
Petra Ecclestone’s father, Bernie Ecclestone, was the CEO of Formula One racing for four decades and is credited with turning it into a bona fide sport. Along with her sister, Tamara, and their mother, Slavica, Petra will inherit her father’s fortune, which Forbes reports is $3.5 billion as of February 2018.
The socialite is a mother of three, and while she hasn’t worked for her money, she does use it for good. She founded the Petra Ecclestone Foundation, which works to raise awareness of autism and meningitis and provide support to affected children and their families.
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Jared Kushner Net Worth: $800 Million
He’s been married to heiress Ivanka Trump since 2009, but Jared Kushner is an heir in his own right. Kushner Companies, founded by his father, Charles Kushner, is a property development empire that realized more than $2.5 billion in transactions in 2017, according to the company website.
Before becoming a senior adviser to President Trump, Jared was CEO of Kushner Companies. He also purchased the New York Observer in 2006, but he stepped down as publisher and sold the publication to a family trust before moving to Washington, D.C.
Ivanka Trump Net Worth: $800 Million
Donald Trump’s eldest daughter, Ivana Marie Trump, is better known by her nickname, Ivanka. In her teenage years, she started working as a model for reputable brands like Tommy Hilfiger and Versace.
Ivanka has embarked on many business ventures, including her own jewelry line, a retail line that was shut down in 2018 after a boycott, jobs in both her father’s company and his presidential administration and two self-authored books.
Allegra Versace Beck Net Worth: $900 Million
As part of his estate planning process, the late fashion designer Gianni Versace left 50% of his company to his niece, Allegra Versace Beck, more commonly known as Allegra Versace. Her uncle was killed in 1997, so half the company became hers when she turned 18 in 2004.
The daughter of Donatella Versace and American model Paul Beck joined the company’s board in 2011, according to Bloomberg. The Versace company website says Allegra plays an “important” role in the company, but her exact responsibilities are unclear.
Ronald Lauder Net Worth: $3.8 Billion
The youngest son of Estée Lauder, Ronald Lauder owes his wealth to his makeup mogul mother. Unlike many other heirs, the avid art collector has played a very hands-on role in the family business.
He’s been chairman of Clinique Laboratories — an Estée Lauder brand — since 1994 and currently serves on the Estée Lauder Companies’ board of directors, a role he’s held for a cumulative period of nearly 40 years.
Douglas Durst Net Worth: $4.4 Billion
A tailor by trade, immigrant Joseph Durst founded the real estate firm The Durst Organization in 1915. His grandson Douglas now is the third generation to lead the company, which controls a $5.2 billion portfolio of properties, according to Forbes. Douglas joined the family business in 1968 and serves as its chairman.
Francoise Bettencourt Meyers Net Worth: $66.7 Billion
Her grandfather, Eugene Schueller, founded cosmetics giant L’Oreal in 1907, and Francoise Bettencourt-Meyers’ mother, Liliane Bettencourt, inherited his entire estate. Until her death in September 2017, the elder Bettencourt owned 33% of the cosmetics company, which made her the richest woman in the world, according to Forbes.
Francoise inherited her mother’s estate, which prompted Bloomberg to declare her the new richest woman in the world after Liliane passed away. The younger Bettencourt is an author with a passion for the piano, and she has been largely hands-off with the family business.
Barron Trump Net Worth: Unknown
The youngest of the Trump siblings, William Barron Trump was born in 2006 to Donald Trump’s third wife, Melania. He’s been largely sheltered from public attention and lives in the White House with his mother.
Although he’s currently a minor, Barron is likely set to inherit a portion of his father’s estimated $2.5 billion fortune. Moreover, he very well could take a position at the Trump Organization like his eldest three siblings, who have reportedly snagged $35 million in pay from the family business.
Chloe Green Net Worth: Unknown
The size of Chloe Green’s fortune hasn’t been publicly revealed, but her parents, Philip and Cristina Green, have a net worth of $2.2 billion as of September 2020, according to Forbes. Their fortune is derived from their London-based company Taveta Investments, which owns several major retailers, including Topshop and Topman.
Heirs to their parents’ fortune, Chloe and her brother, Brandon, enjoy a lavish lifestyle. She appeared on the British reality series “Made in Chelsea” for one season but primarily is known as a socialite.
Paige Laurie Net Worth: Unknown
Paige Laurie’s grandfather, Bud Walton, co-founded Walmart in 1962 with his older brother, Sam. Bud died in 2005 and left Paige’s mother, Nancy Walton Laurie, a stake in the company that put her net worth at $7.8 billion as of September 2020, according to Forbes.
Paige Laurie’s net worth is unknown, but she earned $872,000 per month from stocks and dividends as of 2015, according to divorce documents obtained by TMZ. She isn’t known to have a job, but she returned her University of Southern California diploma in 2005 after she was accused of paying another student $20,000 to do her homework, the Los Angeles Times reported.
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Levi Leidy contributed to the reporting for this article.
Unless otherwise noted, all net worths were sourced from Celebrity Net Worth and are accurate as of Sept. 14, 2020.
This article originally appeared on GOBankingRates.com: The Trump Children and 14 Other Heirs and Heiresses Getting Rich Off Family Money
