+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The richest people in the world pay everyone from nannies to chefs to keep their household running smoothly - and it can cost millions of dollars a year

Dec 9, 2017, 19:37 IST

Dan Kitwood/Getty Images

Advertisement

Whether you run a company or a household, time is often your most valuable resource.

For those who can afford to, hiring help - from assistants to nannies to chauffeurs - can make life a lot easier.

Business Insider spoke with David Youdovin, the founder and CEO of Hire Society, a recruitment firm that helps high-net-worth individuals and families in New York City, the Hamptons, and Palm Beach, staff their homes and businesses.

"The vast majority of our clients are the .01% - they have multiple homes, domestic aircraft, and several members of domestic staff," said Youdovin, who worked as a butler and estate manager for a billionaire family before founding Hire Society in 2012.

Advertisement

"There's major altruism in putting good people to work with these families," Youdovin said. "These salaries can be life-changing, especially for people not originally from the United States."

Below, Youdovin provided us with a list of the most common positions wealthy families are looking to hire for, and how much they pay annually. Youdovin says the salaries range based on previous experience and references.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article