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Some spend their parents' money on college tuition and hobbies.
Others spend their fortunes a little more lavishly - think: world travels, yacht vacations, and designer clothes.
Children of billionaires have access to a world that many can't even begin to fathom.
Some, like Jennifer Gates, daughter of Bill Gates, and Eve Jobs, daughter of the late Steve Jobs, use their fortunes to pursue their passions - like schooling (both went to Stanford) and competing as equestrians.
Richard Branson's daughter, Holly Branson, takes after her dad and loves to spend her money on experiences and adventures rather than material objects.
Others use their fortunes a little more lavishly - think: vacations around the world, exploring the seas via yachts, closets stocked with designer clothes, and partying it up in the city. Tiffany Trump and Alexa Dell both have a taste for finer fashion and seeing the world, while Larry Ellison's son David loves to get around in style, whether it's via jet or snowboard.
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Below, see some of the outrageous ways in which the children of billionaires spend their parents' billions.
Gates is also an accomplished equestrian. To support her passion, her father reportedly dropped $37 million on property in Wellington, Florida, a hotspot for wealthy equestrians.
Like Gates, Eve Jobs, daughter of the late Steve Jobs, is an equestrian. Her mother, Laurene Powell Jobs, bought her a $15 million ranch in Wellington.
Jobs and Gates aren't the only billionaire daughters who are equestrians. Georgina Bloomberg, daughter of Michael Bloomberg, is also a decorated equestrian. Over the years, she's purchased 13 horses.
When she's not in school, that is. Her schooling was always paid for by her father, according to a source who talked to People. She attended the University of Pennsylvania for undergrad and currently attends Georgetown Law School, which costs upwards of $58,000.
