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Gloria Richards’ lucrative side hustle: Nannying for the ultra-wealthy

Gloria Richards' lucrative side hustle: Nannying for the ultra-wealthy

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When Gloria Richards isn’t acting on off-Broadway stages, she travels with billionaires’ kids, often whom she’s never met, across the world.

Richards spends half of each year nannying for the ultra-wealthy to supplement her income between off-Broadway and one-woman shows in New York City and Virginia. The gig pays her up to $167 per hour, plus covered flights and accommodations, she says — meaning that caring for billionaire’s children makes up 80% to 90% of her annual income.

“I could nanny for, like, two months at the top of the year, and I’d be fine for the rest of the year,” Richards, 34, tells CNBC Make It. “What feeds me is being able to work so closely with these kids.”

Richards’ job is atypical by most definitions, from the pay to the responsibilities. Nannying for the ultra-wealthy isn’t always about childcare: She spends most of her working hours coordinating children’s educational and social calendars.

She gets paid up to $2,000 per day for 12 to 15 hours of work, she says. She travels the world by private jets and yachts, drives Porsches and Teslas on the job, and attends toddlers’ birthdays where iPads are party favors.

The glamour comes with an emotional tax: Richards often acts as a companion for neurodivergent children with absent and complicated parents, she says. And as a Black woman helping raise wealthy white kids, she has to navigate cultural situations tactfully — or risk losing her paycheck.

Here’s how she makes it work.

On-the-job logistics

Some of Richards’ clients are famous actors whom she never formally meets. One of them was so constantly surrounded by security guards and makeup artists that she only caught glimpses of the top of the client’s head over the course of her three-month employment, she says.

She’s watched other clients spontaneously buy homes on layovers and take single bites of $3,200 steaks. she adds. On her first day as a nanny to the ultra-wealthy, she showed up at an airport, got introduced to the family’s children and instantly became their chaperone on a private jet to a rented-out resort in Barbados.

Richards, who typically works with roughly 10 families at a time, says it took her a while to understand exactly what her job responsibilities were. Unless the family is short-staffed, she doesn’t wipe up spills, prepare meals or open car doors.

Rather, she’s a social coordinator and, often, an emotionally supportive mother figure. Once, parents actually listed their child in an Italian boarding school under her…

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