Although spending $10 million in a year on children (albeit six of them) may sound staggering, Forbes blogger Caroline Howard says the number actually sounds "reasonable" given Angelina Jolie and Brad Pitt's income. The Hollywood couple earned $40 million last year, which means they spent 25 percent of their salary on their kids. This compares to the ratio of what most Americans are spending on raising their children. Howard says:
In 2009 figures from the USDA, on average, two-parent, two-child households in the lowest income group (less than $56.6K) spent 25% of their before-tax income on kids; those in the middle-income group (up to $98K) spent 16%; and those in the highest group (above $98K), 12%.
Jolie and Pitt are not, relatively speaking, spending an outsize amount on their children. They supposedly pay out the same as what 65% of Americans would. (See, they are Just Like Us!) And 2x what the highest income bracket in the U.S. drops–on 3x as many kids.
What I found interesting was the breakdown of the costs. Angelina Jolie and Brad Pitt's biggest expense was the $5 million spent on private jets last year, followed by the $1 million on private tutors for the children, and the $900,000 spent on nannies. I'm guessing since the parents are constantly traveling, private jets make the flights more bearable for the children. Do you think it's extravagant for the celebrity couple to spend this much on their kids?