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Brad and Angelina spend $10 million on their kids

That's a big, big number. A very big number. Relatively speaking, though, Brangelina spend about what most US households do raising children.

By MSN Money Partner May 17, 2011 1:32PM

This post comes from Caroline Howard at partner site Forbes.com.

 

Forbes.com on MSN MoneyBy anyone's measure (except for Jim Bob and Michelle Duggar), it is no small feat, raising six children. But somehow, with the help of an army of tutors, nannies, chefs and private transportation (the kind with tinted windows or that fly), Angelina Jolie and Brad Pitt are a well-documented success story.

 

Still, you have to wonder how much it really costs. The answer, according to Bonnie Fuller's HollyBaby, who credits In Touch magazine, is an awesome figure: "They spend about $10 million a year on the kids."  

 

But for some perspective, in April, Jolie signed a $10 million contract with Louis Vuitton. Following past Vuitton beauties such as Madonna and Jennifer Lopez, the 35-year-old mom will appear in a series of print ads this summer, photographed by the brilliant Annie Leibovitz.

Jolie landed at No. 18 on the 2010 Forbes Celebrity 100 Power List, with a salary of $20 million and 38 magazine covers. Pitt followed at No. 30, also banking $20 million.

 

Let's do the math and compare the Jolie-Pitts to an average U.S. household. The celebrity couple earned $40 million last year and allegedly spent 25% on "child-rearing." That includes food, transportation, health care, children’s clothing, child care and education and miscellaneous goods and services.

 

In 2009 figures from the U.S. Department of Agriculture, on average, two-parent, two-child households in the lowest income group (less than $56,600) spent 25% of their before-tax income on kids; those in the middle-income group (up to $98,000) spent 16%; and those in the highest group (above $98,000), 12%.

 

Jolie and Pitt are not, relatively speaking, spending an outsize amount on their children. They supposedly pay out the same as what 65% of Americans would. (See, they are Just Like Us!) And two times what the highest income bracket in the U.S. drops -– on three times as many kids. Post continues after video.

If you consider that there are six minds to educate, six mouths to feed, six bodies to clothe and move around the globe, etc., let's give Brangelina some credit. In an over-the-top, annoying kind of way, of course.

 

To understand exactly how $10 million fits into the lives of Maddox, 9; Pax, 7; Zahara, 6; Shiloh, 4; and twins Vivienne and Knox, 2; refer to this annual budget, as shared by HollyBaby:

  • $5 million on private jets. Brad and Angelina spend about $5 million on private jets, not including the cost of first-class tickets, so that they can take their family with them as they travel.
  • $1 million-plus on private tutors. "They spend more than a million on private tutors who travel around the world with them," says the source. That doesn’t include the tuition of the private schools.
  • $900,000 on nannies for each of their children. The nannies are with their kids all of the time.
  • $96,000 for clothes. "They donate millions a year to charity, so that’s how they justify spending so much on their kids," says the source.
  • $36,000 grocery bill. They dish out about $3,000 per month on groceries. Eating out or ordering from in-room dining while at hotels doesn't figure in to this number.
  • Birthday parties. Brad and Angie spent $7,000 to charter a private boat for Paxs seventh birthday. They have also rented out a zoo for an event.
  • Hotel bills. "They once spent $500,000 for one stay at the Waldorf," notes the source.
  • Private cars. At $600 a day, Brad and Angelina regularly hire private SUVs to dive their kids around for the day.

 

More on Forbes.com and MSN Money:

9Comments
May 18, 2011 11:53AM
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If they spend $96,000.00 a year on clothing then why do their kids always look like little homeless bums?
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Trying to justify that Brad and Angelina spending $10 million a year on their kids is 'normal' is an obvious offence to the rest of us. First of all, I could care less what they spend on their kids, it really has no effect on our lives at all. Secondly, there should never be a comparison between the middle class suffering through a recession and the super-rich making millions. Maybe it is time for MSN to start publishing stories that actually make a difference and mean something to those who read it on a daily basis, instead of posting senseless information about the millionaires of the world.
May 18, 2011 10:26AM
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Are you kidding me??? Spending 25% of your annual income on 6 kids when you make $40 Million?  Private jets to fly the kids when they have full-time nannys and full-time tutors??  The kids can stay home.  And MSN says this is "normal"?
May 18, 2011 1:35PM
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I think the break down is reasonable for what they make. They take the children with them when they travel and they make sure they have tutors. At least they don't do what many wealthy people do and leave the kids at home with the help while they travel so that they rarely see them.

May 18, 2011 2:21PM
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I find it interesting that the justification is a percentage of income, THEN a dollar amount, and that percentage is written off as normal based on the percentage of income an average family spends.  This is somehow supposed to make them look normal, yet when it comes to income taxes paid, people like this scream they paid $X instead of a percentage of income.  As your income level increases there's zero justification in continued spending at a percentage of that income.  I'm sure they tell their kids they can't have certain things, but what those kids can't have, and what average kids can't have are far and away different.  "We can't close Disneyland and let you have it all to yourself for your birthday" is a bit different than, "We can't afford to go to Disneyland".  I appreciate their charity work and donations, but I think that and this are very contradictory and send mixed and confusing signals to the kids.
May 18, 2011 10:43AM
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It is their money. I would criticize the billionaire who gave away 6 billion and has no idea where it went or who recieved it.  "Charity" is a lucrative business and i would be glad to take a billion off his hands.
May 18, 2011 1:49PM
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I was raised very modestly. My two parents were working class and did what they could to raise four kids. So I am far from understanding their glamorous world... If we were for a moment to imagine we were a child of Brangelina taken from very economically harsh parts of the world and given every opportunity known to man. They could easily have full time nannies leave the kids at home and float around the world living the life being fricken hot **** rock stars,  but instead they would rather keep their kids close being part of all the child raising, they bring those kids every where! I mean their pretty amazing in my opinion as humane beings. If anyone can say they have done equal or even compare to what they have accomplished or done raise their hand if not be inspired by such humanitarians such as these two.
May 18, 2011 7:49PM
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In Touch magazine is well known for it's lack of credibility - anyone getting inflamed and/or offended by irresponsible 'journalism' with bogus figures (do your homework, inflamed people!) really needs to pay more attention to documented facts about important things happening in the world  that really are worth getting riled up about.

May 18, 2011 11:32AM
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SUCH A WASTE OF MONEY IN MY OPINION KIDS DON'T NEED ALL THAT OR ANOTHER SUGGESTION STOP HAVING OR ADOPTING KIDS AND MAYBE YOU CAN SAVE SOME. THOSE KIDS WILL GROW UP TO BE BIG BRATS
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