As parents, we all know that it's important for our children to learn the value of money. Most of us want our kids to know how to save for something they really want and how to tell if something is worth spending their money on, so we might set them up with a small allowance or let them earn money from doing extra chores. It can be kind of a special moment when a kid marches to the Target checkout counter with a Lego set that they are going to buy with their very own money.
While our kids may be learning about money with $5- or $10-a-week allowances, the kids of some of the wealthiest celebrities are learning about money on a whole different level. Sure, it can be hard to really tell how the money situation works for celebrity kids (rumors abound about which kids have their own credit cards or might also be getting a cut from their family's reality TV shows, for example), but it isn't hard to see that when Blue Ivy Carter shows up for an art auction and bids tens of thousands of dollars, she's operating in a financial universe most kids can only imagine.
We're always fascinated by the intersection of fame and finances, so we've rounded up 15 examples of celeb kids who made totally extravagant purchases — we're taking millions of dollars here. Celebs: They aren't just like us!
EJ Johnson
Blue Ivy Carter
Spoiler alert: We're going to see Blue Ivy Carter (the eldest daughter of Beyoncé and Jay-Z) more than once on this list. That's largely because she loves to bid the big bucks at auctions. It all started in 2018 when, at the age of only 6, she bid $10,000 to win an art piece made out of deconstructed law and medical textbooks at the Wearable Art Auction in Los Angeles. The auction was a fundraiser for W.A.C.O. (Where Art Can Occur) Theater Center, so at least the money went to a good cause.
Suri Cruise
There is an ongoing rumor that Suri Cruise has had her own credit card since she was a mere 4 years old. One source says that she was spotted using it to take her parents (back when Tom Cruise and Katie Holmes were still together) to dinner and even leaving a 400% tip on the meal!
Kylie Jenner
Though she's all grown up now (and a mom of two at only 25 years old), Kylie Jenner was a celebrity kid before she was famous in her own right. She joins our list for making at least one major extravagant purchase before she was even old enough to vote. She bought her first house at the age of 17, dropping a cool $2.7 million for it in 2015.
Kendall Jenner
Kylie wasn't the only one of Kris Jenner's kids to fly the coop early. Kendall Jenner bought her first place, a fancy condo in LA, at 18 years old. She paid about $1.3 million for the two bedroom pad, and her realtor for the sale was another celebrity baby, the daughter of Real Housewives of Beverly Hills star Kyle Richards.
Jaden Smith
Jaden Smith, son of Will Smith and Jada Pinkett Smith, was determined to be an adult early on and to make some major adult purchases. Jaden, who filed to be legally emancipated from his parents when he was 15, made a bit of history when he bought a Tesla Model X when he was only 17. He was the first person to buy the car, which hadn't hit the market yet and, at the time, had a three-year-long waitlist. The car cost a cool $80,000.
Blue Ivy Carter, Again
Blue Ivy Carter was once again quick with the paddle at the Wearable Art Auction in 2022, but unlike past years, she wasn't quite quick enough. The 10-year-old bid $80,000 for a pair of earrings but was outbid by a couple who paid $105,000 for the shiny set.
