Brian Daniel used as a source for personal assistants to billionaires
Inside the Life of a Billionaire Personal Assistant
Subject-matter expert Brian Daniel was used as a source for this episode about personal assistants who work for billionaires and how they can earn up to $250,000 a year -- plus perks like luxury apartments, vacations and bonuses. If you're interested in working in this field, send us your resume through our jobs page. NOTE: This video was made prior to 2024, before Ye ran into his problems.
What it's like being a PA to a billionaire
Transcript: For the hearing impaired, we have provided the text from the video:
Running errands in Bugatti, eating at the fanciest restaurant in NYC, and hopping a private jet to Bali. Being a personal assistant is about as close as you can get to a billionaire lifestyle without actually being rich. While some assistants make as little as 60,000 dollars a year, working for a billionaire and being good at your job can land you a salary of over 250,000 dollars. This doesn't even include benefits, gifts and amazing bonuses. You'll also get to enjoy yachts, private Jets and lavish vacations, but keep in mind you'll be on call pretty much all the time.
Here's what it's like working as a personal assistant for the ultra-wealthy. Being a traditional personal assistant isn't that exciting. You run errands, stand in lines, walk dogs, arrange vacations, house sit, and so many other somewhat menial tasks. But when you're working for the ultra-wealthy, things can get a lot more interesting. Personal assistants to billionaires spend their life attending important meetings, making large purchases at luxurious stores, tagging along for fancy dinners, and of course, shadowing their boss around the world in a private jet or a luxury yacht.
When you're working for a billionaire, you can expect to make between 150 and 250,000 dollars a year. Billionaires don't have time to constantly recruit and train a new assistant, so keeping you happy with excellent pay, benefits and other perks is definitely in their best interest. Year-end bonuses can be in the tens of thousands of dollars, and you could expect to get some expensive birthday and holiday gifts each year. The opportunity to work for a billionaire will also have you working with tons of cash. You could be in charge of large accounts full of money, which means both you and your boss will be insured in case anything bad happens, like you make a mistake or run off with their fortune.
Running errands in Bugatti, eating at the fanciest restaurant in NYC, and hopping a private jet to Bali. Being a personal assistant is about as close as you can get to a billionaire lifestyle without actually being rich. While some assistants make as little as 60,000 dollars a year, working for a billionaire and being good at your job can land you a salary of over 250,000 dollars. This doesn't even include benefits, gifts and amazing bonuses. You'll also get to enjoy yachts, private Jets and lavish vacations, but keep in mind you'll be on call pretty much all the time.
Here's what it's like working as a personal assistant for the ultra-wealthy. Being a traditional personal assistant isn't that exciting. You run errands, stand in lines, walk dogs, arrange vacations, house sit, and so many other somewhat menial tasks. But when you're working for the ultra-wealthy, things can get a lot more interesting. Personal assistants to billionaires spend their life attending important meetings, making large purchases at luxurious stores, tagging along for fancy dinners, and of course, shadowing their boss around the world in a private jet or a luxury yacht.
When you're working for a billionaire, you can expect to make between 150 and 250,000 dollars a year. Billionaires don't have time to constantly recruit and train a new assistant, so keeping you happy with excellent pay, benefits and other perks is definitely in their best interest. Year-end bonuses can be in the tens of thousands of dollars, and you could expect to get some expensive birthday and holiday gifts each year. The opportunity to work for a billionaire will also have you working with tons of cash. You could be in charge of large accounts full of money, which means both you and your boss will be insured in case anything bad happens, like you make a mistake or run off with their fortune.
Duties of a billionaires' assistant
In fact, PAs are in charge of many things behind the scenes. They get their bosses into the best restaurants and clubs by bribing staff or waving around money. Pull strings to get them the best suites and vacations imaginable, and sometimes they even help hire other staff. Let's look at some of the things you'll do in a day as a billionaire's righthand man.
If you're an executive personal assistant, then you will usually shadow your boss around wherever they go, which means you'll eat at world-class restaurants and drink the best wine and champagne in the world. A PA can get into the best and most expensive restaurants in NYC where a tasting menu can cost 250 dollars per person by using their boss's name and money to get a reservation. A PA can eat there too, with their meal completely paid for. Just keep in mind you'd technically still be on the job while eating.
As a trusted assistant, you'll also get to drive and experience fleets of exotic cars, which means you might have to hop in your boss's 3,000,000-dollar Bugatti to bring it to the garage, deliver it to one of their kids, or even just use it for errands if your boss really trusts your driving skills.
If you're an executive personal assistant, then you will usually shadow your boss around wherever they go, which means you'll eat at world-class restaurants and drink the best wine and champagne in the world. A PA can get into the best and most expensive restaurants in NYC where a tasting menu can cost 250 dollars per person by using their boss's name and money to get a reservation. A PA can eat there too, with their meal completely paid for. Just keep in mind you'd technically still be on the job while eating.
As a trusted assistant, you'll also get to drive and experience fleets of exotic cars, which means you might have to hop in your boss's 3,000,000-dollar Bugatti to bring it to the garage, deliver it to one of their kids, or even just use it for errands if your boss really trusts your driving skills.
Perks and benefits of a billionaire PA job
As for where you'll live, it's not uncommon for a billionaire to give their assistants an entire guest house or even buy them an apartment or home nearby. In London, a home with five- or six-bedroom suites and accommodations for four staff can cost upwards of 35,000,000 dollars, while in New York, many billionaires buy apartments near their penthouses for staff, with prices starting at around 2,000,000 dollars.
Some assistants travel the world to be at their boss's beck and call, which means they get to join them on vacations to places like Necker Island, a private island that costs 80,000 dollars a night for 34 guests. These are the kind of experiences you can only get if you're ultra-wealthy or if you work for someone who is most PAs will be able to find at least a little time to themselves to enjoy these lavish resorts in between making sure their boss is having the best vacation money could buy, of course.
So how do you get a billionaire to hire you and take you all around the world with them? Becoming a personal assistant might actually be easier than you think. Sure, it takes a lot of networking, but there aren't any complicated education requirements to work for a billionaire. About five to 10 years of experience is preferred as well as a general college degree; but it can be in many fields, usually business management, hospitality or even travel. If your employer wants you to be particularly good at organizing trips, the hardest part of becoming a PA is actually having a squeaky-clean background.
Some assistants travel the world to be at their boss's beck and call, which means they get to join them on vacations to places like Necker Island, a private island that costs 80,000 dollars a night for 34 guests. These are the kind of experiences you can only get if you're ultra-wealthy or if you work for someone who is most PAs will be able to find at least a little time to themselves to enjoy these lavish resorts in between making sure their boss is having the best vacation money could buy, of course.
So how do you get a billionaire to hire you and take you all around the world with them? Becoming a personal assistant might actually be easier than you think. Sure, it takes a lot of networking, but there aren't any complicated education requirements to work for a billionaire. About five to 10 years of experience is preferred as well as a general college degree; but it can be in many fields, usually business management, hospitality or even travel. If your employer wants you to be particularly good at organizing trips, the hardest part of becoming a PA is actually having a squeaky-clean background.
Salaries for personal assistants to the UHNW
Employers usually run a background and credit check, as well as a driving record review to know if they can trust you with their million-dollar cars. You'll also have to sign a nondisclosure agreement promising to keep everything you learn about your boss a secret and expect that all your time will now be devoted to work. But for all this loyalty, you will get to travel the world and see the inside of rooms reserved only for the planet's wealthiest people. There are also some other job opportunities available in the personal assistant field that can be just as glamorous as working for billionaires.
Of course, you've heard of celebrity personal assistants, but the average annual income when working for a celebrity is only about 62,000 dollars, with many making a lot less. But if you're working for an A-list celebrity or a celeb who's a billionaire like Kanye West and Kylie Jenner, you can earn anywhere between 120 to 150,000 dollars per year. Celebrities get away with paying assistants less because in most cases they attract interns and people willing to work for minimum wage in exchange for being around a celebrity and attending glamorous parties.
If working for one person sounds too boring or like too much of a commitment then. There are also concierge services. Hiring assistants in New York City is one of them. Duties include organizing and booking vacations, making dinner reservations and personal shopping, buying and delivering luxury goods from stores, often as gifts for someone in your client's life. In fact, you'll spend most of your day running around to luxury shops in the city like the Cartier Mansion.
Of course, you've heard of celebrity personal assistants, but the average annual income when working for a celebrity is only about 62,000 dollars, with many making a lot less. But if you're working for an A-list celebrity or a celeb who's a billionaire like Kanye West and Kylie Jenner, you can earn anywhere between 120 to 150,000 dollars per year. Celebrities get away with paying assistants less because in most cases they attract interns and people willing to work for minimum wage in exchange for being around a celebrity and attending glamorous parties.
If working for one person sounds too boring or like too much of a commitment then. There are also concierge services. Hiring assistants in New York City is one of them. Duties include organizing and booking vacations, making dinner reservations and personal shopping, buying and delivering luxury goods from stores, often as gifts for someone in your client's life. In fact, you'll spend most of your day running around to luxury shops in the city like the Cartier Mansion.
Why you should become an assistant to the super-rich
Personal assistants even get to check out the VIP room, where important guests do their jewelry shopping in private. Working for a concierge service or even at a hotel can give a personal assistant more free time, since you can technically take vacations and don't constantly work for the same client. But it's still a very demanding job that could have you on call in the middle of the night. It also only pays about 80,000 dollars, which is not bad; but considerably less than having a billionaire boss.
Now that you've learned all about the glitz and glamour associated with a PA lifestyle, let's talk about the downsides. As an executive personal assistant, you will be required to be in charge of a lot, even other staff, like maids, nannies, groundskeepers, personal trainers, dog walkers, private chefs and more. All of this work comes with a very unidentified job schedule. You may be on call 24 hours a day, seven days a week, 365 days a year for some bosses, while others may give you small vacations.
Keep in mind that the more powerful the employer and the more money you make, the more on-demand you'll be. Your appearance is also important. You'll have to dress nice to fit in with your boss and their crowd. Thankfully, this usually doesn't come out of your pay. Your boss will often buy expensive clothes for you or give you a shopping budget.
If you're ready to put your personal and social life on the back burner and live with and for your boss, then perhaps this is actually the job for you. If you have the skills and experience, you can always send a cover letter and resume to any of the billionaires you're interested in working for. And who knows? Maybe one of them might actually call you back or more likely, have one of their assistants do it. As for what members of their staff billionaires pay the most, that would be state managers or Chiefs of staff.
Their job is less exciting and usually takes place in an office, but they make between 300,000 and 500,000 dollars each year for their work.
Fair Use. No ownership expressed or implied. Transcript edited for length. Updated in 2024.
Now that you've learned all about the glitz and glamour associated with a PA lifestyle, let's talk about the downsides. As an executive personal assistant, you will be required to be in charge of a lot, even other staff, like maids, nannies, groundskeepers, personal trainers, dog walkers, private chefs and more. All of this work comes with a very unidentified job schedule. You may be on call 24 hours a day, seven days a week, 365 days a year for some bosses, while others may give you small vacations.
Keep in mind that the more powerful the employer and the more money you make, the more on-demand you'll be. Your appearance is also important. You'll have to dress nice to fit in with your boss and their crowd. Thankfully, this usually doesn't come out of your pay. Your boss will often buy expensive clothes for you or give you a shopping budget.
If you're ready to put your personal and social life on the back burner and live with and for your boss, then perhaps this is actually the job for you. If you have the skills and experience, you can always send a cover letter and resume to any of the billionaires you're interested in working for. And who knows? Maybe one of them might actually call you back or more likely, have one of their assistants do it. As for what members of their staff billionaires pay the most, that would be state managers or Chiefs of staff.
Their job is less exciting and usually takes place in an office, but they make between 300,000 and 500,000 dollars each year for their work.
Fair Use. No ownership expressed or implied. Transcript edited for length. Updated in 2024.
