Cassidy O’Hagan, a 28-year-old nanny for a wealthy family, enjoys a lifestyle that includes private jet travel to exotic locations. Spending winters in Aspen and summers in the Hamptons, her adventures are funded entirely by her employer. O’Hagan’s story sheds light on a growing trend among young professionals, particularly Gen Z, who are drawn to the unique benefits of working for ultra-rich families.
Salary and Benefits of a Billionaire Nanny
O’Hagan’s position comes with impressive perks. According to a Business Insider article, her benefits include:
- Healthcare coverage
- A 401(K) retirement plan
- Meals prepared by a private chef
- Paid time off
- A curated “nanny wardrobe”
These advantages are part of a growing trend where Gen Z employees prioritize lifestyle choices over traditional job expectations. O’Hagan, previously in medical sales, realized that her job did not match her nurturing personality. After earning $65,000 at a corporate job in New York City, she returned to nannying, doubling her income in a relatively short period.
The Financial Ascent
While O’Hagan cannot disclose her precise salary due to a non-disclosure agreement, sources suggest her earnings range from $150,000 to $250,000 annually. Even at the lower end, this translates to over ₹1 crore a year. This financial leap is significant, especially as the demand for high-quality childcare among the wealthy continues to rise.
The Billionaire Boom and Changing Workforce Dynamics
The number of billionaires has surged from 322 in 2000 to over 3,000 today. This growth in wealth has also led to an increase in the “everyday millionaire” population, which has quadrupled in the last 25 years. Such changes have heightened the need for domestic staff as the ultra-rich expand their lifestyles.
Moreover, many Gen Z professionals are becoming disenchanted with conventional corporate routes. A 2025 Deloitte survey reveals that only 6% of Gen Z workers aspire to leadership roles. This phenomenon, known as “conscious unbossing,” emphasizes work-life balance over traditional career progression.
Shifting Expectations of Financial Success
Gen Z’s financial expectations differ markedly from those of previous generations. A recent Empower survey indicated that they define financial success as reaching a salary of nearly $600,000, significantly higher than the figures favored by Baby Boomers. However, many postgraduates are grappling with a challenging job market, compounded by slowing hiring rates and advancements in artificial intelligence affecting corporate landscapes.
As the distance between conventional employment and high-paying positions within wealthy households narrows, the lure of becoming a nanny for billionaires only intensifies for young professionals like Cassidy O’Hagan.
