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Based on Care.com, the common charge per hour for a nanny, nationwide, is $17.35 per hour. This charge clearly varies based mostly on location, child quantity, expertise degree, and so forth., however a baseline hourly wage for a nanny is a bit of beneath $18.
If a normal nanny works 40 hours per week, they’re making round $36,000 a 12 months. On this financial system, with inflation costs going seemingly nowhere however up, this wage received’t get you very far. For this reason some persons are choosing a unique strategy in the case of making a profession of being a nanny: work for billionaires.
One part-time nanny, Gloria Richards, travels with billionaires’ youngsters all around the world.
When she’s not engaged on off-Broadway and one-woman exhibits in New York Metropolis and Virginia, Richards, 34, spends half of every 12 months nannying for the uber-wealthy. She advised CNBC Make It that nannying for billionaires tends to earn her upwards of $167 per hour. This contains flights and lodging. If she works half the 12 months at 40 hours per week, she’s simply cashing in a six-figure wage in mere months.
“I may nanny for, like, two months on the high of the 12 months, and I might be fantastic for the remainder of the 12 months,” Richards mentioned. “What feeds me is having the ability to work so intently with these youngsters.”
She additionally defined that a big portion of her job is not completely caring for these billionaires’ youngsters. As an alternative, she’s appearing like their private assistant, coordinating their faculty work and social calendars.
She will get paid as much as $2,000 per day for 12 to fifteen hours of labor, she mentioned, touring the world by personal jets and yachts, driving Porsches and Teslas supplied by her employer, and attending toddlers’ birthdays the place iPads are get together favors.
Richards confessed that whereas the job pays a hefty wage, it comes at an emotional price. She usually discover herself as the only companion for neurodivergent kids with “absent and sophisticated mother and father.”
She additionally provides that, as a Black girl, usually working with rich white youngsters, she has to navigate “cultural conditions tactfully,” or she may lose her job.
Although Richards by no means divulged to CNBC who precisely she nannied for (probably as a result of confidentiality agreements and NDAs), she did reveal that she’s labored with the youngsters of well-known actors. A few of whom she by no means even meets.
“One in every of them was so continuously surrounded by safety guards and make-up artists that she solely caught glimpses of the highest of the shopper’s head over the course of her three-month employment,” the outlet reported.
Richards mentioned she is going to work with roughly 10 rich households at a time, and he or she’s not wiping up spills, getting ready meals or opening automotive doorways. There’s different employed employees for all that.
Richards is a “social coordinator” and, because the outlet places it, an emotionally supportive mom determine. As soon as, mother and father really listed their youngster in an Italian boarding faculty beneath her final identify, she says.
“I’ve had full-blown interviews the place [parents] are like, ‘We’re searching for somebody to boost our youngsters,’” she says. “They inform me that they had youngsters to go on their belief funds, [and that] ‘I will hang around with them after boarding faculty once they can drink.’”
She received her begin as a high-end nanny whereas residing in New York Metropolis. Over ten years in the past, she labored within the childcare division of a Reebok Sports activities Membership, which is now often known as Equinox gymnasium. A number of the members had been prosperous households who began asking her to babysit for them.
She ended up linking with a New York-based family staffing agency who sung her praises to wealthy households seeking to rent. “Her willingness to journey and fervour for working with neurodivergent kids made her an alluring candidate,” Madison Company director of operations, Jackie Mann advised CNBC.
The staffing company additionally protects her from households who neglect her agreed upon hours or neglect her pay durations.
For now, Richards will sustain her half time, six-figure nannying job. “The cash, thrill of journey and alternatives to assist even tough kids are sufficient to maintain Richards round,” she mentioned.
“I’ve to be very conscious that although it is an intimate setting, it is nonetheless a job,” Richards says.
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