Billionaire Trust Fund Babies

Billionaire Trust Fund Babies

Let us first understand What is Trust Fund Baby? Well, in Simple language, A trust fund baby is a person who is born into a family with money. Often, this person is privy to a large inheritance of money, generally through a trust fund. The phrase became popular with the emergence of wealthy American families in the 20th century, and the rise of a generation of children born into inherited money.

Why the word “Trust Fund Baby” Became a Popular?

The term is most notably used to describe 21st century socialites like Paris Hilton and Nicole Ritchie, born respectively into the fortunes of the Hilton Hotel empire and the earnings of father Lionel Ritchie.

Paris Hilton (Above photo) is a trust fund baby. The trust find baby, however, may fall into the trap of early wealth and big city life. Like Paris Hilton, this kind of trust fund baby is equally loved and hated by the media and the population. Often described as spoiled and lazy, the person may not be very in tune with the life lived by the people around them, sensitive to the feelings of the helpers and workers who make their comfort possible, or possessing of an ability to handle a job or a level of independence.

Nicole Richie's baby girl Harlow Madden is a trust fund baby, literally. Her grandpa Lionel Richie has wasted no time in preparing for her future.
He has set up a trust fund for Harlow worth $5 million. In addition to that, Joel Madden has set up a seven-figure trust for Harlow as well. Not bad for an infant.