Top Ten Richest Children In The World: No African Child Yet On The List. Why?
KEY POINTS
- Children learn from us as their parents
- Apprenticeship is something that we should go back to
- Open a bank account for them early. Get them an investment account too. Show them how saving and investing works.
Disciplining a child is never easy. Children are more aware of everything and want to experience it all. Parents come with their own baggage of childhood experiences and want to give children far more than they got.
Aspiration naturally makes every parent inclined towards meet his child’s expectations. It is seen as an investment by modern parents. We genuinely believe that by providing the child all the experiences we can, we give them the right exposure. This approach is pervasive and with financial implications.
Start inculcating the value of money in a child as early as you can. Show them how to spend money sensibly. Talk to them about different ways of using money.
Teach them how money is important for our livelihood, to create savings, in investing, and for charity. Give them a balanced, complete picture well beyond just consumption and spending.
Engage with them when you feel they are showing wrong expectations. When children want something very expensive, tell them what they can get for the same value if they spent the money sensibly. When they demand things on impulse, make them think if they will really be interested in it after a while. Make them prioritize their needs.
Open a bank account for them early. Get them an investment account too. Show them how saving and investing works. Creating early awareness will make them sensible and selective about their wants. Once you show a child the right path, the child sticks to it. Teach them how good things come to those who wait for them. This is why I support banks like Co-operative Bank that have products and services that focus on children.
The List:
- Prince George Alexander Louis and Princess Charlotte – $1 Billion+
Topping the list of the richest kids in the world in 2021 is Prince George Alexander Louis, also known as Prince George of Cambridge.
The young prince is a member of the British royal family who is third in the line of succession to the British throne.
His wealth is thanks to his birthrights due to his position in the royal family. He is the eldest son of Prince William, Duke of Cambridge, and Catherine, Duchess of Cambridge.
His younger sister, Princess Charlotte, is also believed to have a net worth of around $1 billion.
- Phoebe Adele Gates – $1 Billion
Phoebe Adele Gates does not spend much time in the limelight and there is not much information about her online.
However, her very famous parents are Bill and Melinda Gates. Despite being their youngest child, it is reported that she will become the biggest beneficiary of their death. She is set to inherit over $1 billion.
- Blue Ivy Carter – $1 Billion
The young daughter of Beyonce and Jay-Z is already a very rich young lady and her wealth is continuing to grow. According to many reports, Blue Ivy is currently worth an estimated $1 billion and will become even richer on the death of her parents.
- Suri Cruise – $800 Million