The Age·3 min read·medium

Nannies for the mega-wealthy can earn up to $280,000

T
The Economist
Nannies for the mega-wealthy can earn up to $280,000
✦AI Summary

The demand for highly qualified nannies for ultra-wealthy families has created a booming niche market where professionals can earn up to $280,000 annually. These roles require elite education, multiple languages, and extreme flexibility, mirroring the compensation structures of high-finance careers.

Why it matters

Illustrates the growing wealth gap and the professionalization of domestic labor within the ultra-high-net-worth demographic.

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Share A A A She works at least 12 hours a day, seven days a week – but then has a week off. She might earn $US200,000 ($281,000) a year, which at an hourly rate is on a par with a private-equity associate.

High pay for long hours on a rota is common on oil platforms, in mines and on container ships. It is increasingly so in another exacting field: caring for the children of the super-rich.

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