- Children of billionaires have privileges that many will never know.
- 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.
- Visit Business Insider's homepage for more stories.
Children of billionaires have access to a world that many can't even begin to fathom.
Some, like Jennifer Gates, the daughter of Bill Gates, and Eve Jobs, the daughter of Steve Jobs, use their fortunes to pursue passions like schooling (both went to Stanford) and competing in equestrian events.
Holly Branson, Richard Branson's daughter, takes after her dad and loves to spend her money on experiences and adventures rather than material objects.
Read more: Meet the 15 richest American family 'dynasties,' who have a combined net worth of $618 billion
Others use their fortunes a little more lavishly — think vacationing around the world, exploring the seas by yacht, stocking closets 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 Ellison, loves to get around in style, like via jet or snowboard.
Here are some of the outrageous ways the children of billionaires spend their money.
SEE ALSO: 16 heirs to some of America's best-known brands who are poised to inherit millions
Last year, Jennifer Gates graduated from Stanford University, where undergraduate tuition costs $50,703 for the 2018-19 school year.
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Source: Business Insider, Stanford
Gates loves to travel. Her Instagram feed shows she's been everywhere from Lake Como in Italy to Barcelona to Australia.
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Source: Business Insider
Sometimes she even charters a yacht during her trips.
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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.
Source: Business Insider
Like Gates, Eve Jobs is an equestrian. Her mother, Laurene Powell Jobs, bought her a $15 million ranch in Wellington.
Source: Business Insider
Jobs also bought a stallion named Chill RZ in 2016, according to The Chronicle of Horse.
Source: The Chronicle of Horse
Jobs also travels — she seems to have an affinity for Italy, with Instagram posts showing her vacationing in places like Positano, Sicily, and Florence.
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Last year, Jobs also went to Lollapalooza, where a four-day pass costs more than $400.
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Source: Instagram, Ticket City
Jobs and Gates aren't the only billionaire daughters who are equestrians — Georgina Bloomberg, the daughter of Michael Bloomberg, is also a decorated equestrian. Over the years, she's purchased 13 horses.
Source: Georgina Bloomberg
Bloomberg must love adventure — she has traveled to Paris, Bermuda, and the coast of France.
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Holly Branson, daughter of Richard Branson, is also adventurous. She prefers experiences over material items, having climbed Mont Blanc in Europe, run marathons, attempted a sailing record, and signed up to go to space.
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Source: Virgin
Her brother, Sam Branson, also takes part in the family's adventures.
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He went all out with a "nearly royal wedding"— a five-day affair in South African in 2013 — to Isabella Calthorpe.
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Source: Daily Mail
Some children of billionaires spend their money more lavishly than others. Peter and Harry Brant, the two sons of Peter Brant Sr., the chairman and CEO of White Birch Paper, are New York socialites known to live the "Gossip Girl" life.
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Source: Vanity Fair
Peter really indulged in the billionaire life over the summer. Last June, he attended horse races in France.
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And he spent the Fourth of July boating around New York City.
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Judging from his Instagram, he travels frequently — from Beverly Hills and Palm Beach ...
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... to Sorrento, Italy, and Saint-Tropez.
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He even celebrated his 23rd birthday party in St. Barts.
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When he's not traveling, Brant lives it up in Manhattan.
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And he looks good doing it — just look at that $1,300 Givenchy watch he's sporting.
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Source: Saks Fifth Avenue
Alexa Dell, the daughter of Dell Technologies CEO Michael Dell, whose net worth is about $27 billion, also has a taste for the finer things.
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Source: Business Insider, Forbes
She often sports designer wear; her Instagram feed features her dressed in Gucci, Dior, Dolce and Gabbana, and other high-end brands.
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Dell also has an affinity for travel. She once said, "I love experiencing new cultures and am inspired by all corners of the world."
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Source: NextShark
She's been spotted on a yacht or two.
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She also travels in style, like on this private jet she took to London.
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She's not one to miss the Veuve Clicquot Polo Classic either.
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President Donald Trump's daughter Tiffany Trump also spends money vacationing, including an Italian yacht trip and a Budapest excursion, as well as summers in Southampton and visits to the Bahamas.
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Source: Cheat Sheet
Like Dell, Trump likes designer brands. She's been spotted wearing $725 Aquazzura shoes and has worn clothes by Daniel Basso, a designer whose gowns can cost thousands of dollars.
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Source: Teen Vogue, Cheat Sheet
She also enjoys a night out on the town ...
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... when she's not in school, that is. She attended the University of Pennsylvania for undergrad and is at Georgetown Law School, which costs upwards of $58,000. Her father has paid for her schooling, a source told People magazine.
Source: People, Cheat Sheet
Jasmine Jordan, the daughter of Michael Jordan, is a brand representative for her father's shoe line — but she technically doesn't need to work when her father is the first billionaire athlete.
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She has a Dodge Challenger SRT — a sporty car, but not as flashy as other billionaires' cars.
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Her Instagram feed shows she has a penchant for designer purses, such as Gucci.
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Like other children of billionaires, she explores places around the globe, like Hong Kong.
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David Ellison, the son of Larry Ellison, the cofounder of Oracle, is also big on travel and likes to get to places in style. While vacationing in Hawaii, he took a helicopter ride to explore its islands.
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He also set off in a private jet for a family birthday party in Nashville.
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And he seems to have chartered a yacht for his mother-in-law's birthday in Malibu ...
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... which he also used to spend New Year's in Lanai.
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He opted to get around via snowboard while spending the Fourth of July in Lake Tahoe one summer.
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He also pays for prime seating at tennis matches.
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Meanwhile, Hamdan bin Mohammed Al Maktoum, known as Fazza, son of Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the United Arab Emirates, travels everywhere, from Mongolia ...
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... to Chicago.
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And he's known to get around via helicopter.
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Like his father, Fazza has an affinity for horses and attends the Royal Ascot horse race yearly.
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He's well-equipped to document all his adventures.
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Sofia Abramovich, the daughter of Roman Abramovich, a businessman whose net worth is more than $11 billion, is also known to live a lavish lifestyle.
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Source: Forbes
Her father owns the world's second-largest yacht, the 533-foot Eclipse, which she uses at her leisure.
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Source: Forbes
She's traveled to places like Saint-Tropez and Antibes on the yacht.
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When she travels, she stays in fancy hotels with jaw-dropping views.
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She enjoys a night out on the town ...
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... and weekends in Ibiza with her friends.
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A bit of shopping doesn't hurt either.
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Another competitive equestrian, Abramovich also has horses in the stable on her family's estate in England.
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Source: Business Insider