Posted in: Social Media

Rich Kids Of Instagram Gives Inside Look At Wealth And Excess

rich kids of instagram

The Rich Kids of Instagram Tumblr page has become the new hot item on the internet. And it’s pretty easy to see why.

People have a fascination with the rich and famous, and the Rich Kids of Instagram Tumblr page gives an unfiltered look (well, the pictures are actually extremely filtered via the photography app) at how kids with too much money waste too much money.

The site follows in the footsteps of shows like My Super Sweet 16, Keeping Up With The Kardashians, or Born Rich where people show off their excessive wealth.

But are the Rich Kids of Instagram showing off? Or are they just living their lives?

Annabel Schwartz, a 19-year-old girl from a wealthy family, came under public scrutiny after pictures from her decadent vacation in Saint-Tropez were shared online. But Schwartz said that she isn’t showing off her wealth. The 19-year-old said that she was a little embarrassed to find her photos on the site but also said that she wasn’t going to be ashamed of her wealth.

Schwartz said:

“My friends and I don’t want to be associated with this…. This is very embarrassing…. We all grew up quite nicely but I don’t want to be embarrassed by the fact that I can enjoy myself in Saint-Tropez… Everyone here considers themselves to be a lot more substantial than their father’s credit card. I’m a fashion designer. My girlfriend goes to Cornell. I don’t want to be represented by my money and my vacation experiences.”

Our culture seems to be fascinated with wealth and fame, but at the same time we’re deeply offended if anyone is truly enjoying their position in life.

What do you think of the rich kids of Instagram? Does the site show a bunch of photos of rich and spoiled brats? Or does it give a glimpse into a world that many of us are not familiar with?

Here are some photos to help you decide. (You can check out the Tumblr Page here.)

Get on my level. #jetpack #future #yachttoy by kelliegerardi

rich kids of instagram

My new toy! Quest Kodiak! #plane #wealth #summer #livin #fun #pilot #flying by andresmorales153

rich kids of instagram

$100,000 receipt. #nikkibeach #sainttropez by nazam_nazou #redbull #dom #caviar

rich kids of instagram

#Versace gold plated AK47 $9,000 by tomierna

rich kids of instagram

Champagne pong by alexassouline

rich kids of instagram

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7 Responses to “Rich Kids Of Instagram Gives Inside Look At Wealth And Excess”

  1. Idris A Nazir

    desiree Desiree
    11:21 AM (3 minutes ago).

    to tips, press, info, scoop.
    http://richkidsofinstagram.tumblr.com/page/8 TELL ME IF YOU THINK THEY 98% OF AMERICANS SHOULD PAY FOR TAXES SO THAT THE 1% OF MILLIONAIRES AND BILLIONAIRES CAN SUPPORT THIS LIFESTYLE FOR KIDS WHO BURN MONEY………………. DO YOU THINK ROMNEY WANTS TO PROTECT HIS FRIENDS AND THIER KIDS FUTURE….. OR DO YOU THINK OBAMA WANTS TO MAKE SURE THE RICH DOn't GET CUTS SO THAT THEY CAN HELP PAY DOWN THIS DEFICIT…. DO YOU THINK ALL THIS LUXURY SPENDING IS WRITTEN OFF IN THE 1%? TAXES……..

    Banks, Global Elite Confirmed to Hold $32 Trillion in Offshore Accounts.

    Anthony Gucciardi
    Infowars.com
    July 23, 2012.
    Major banks and the financial global elite are now confirmed to have as much as $32 trillion in hidden assets stashed away in offshore accounts that are subject to little or no taxation. As a result, around $280 billion is estimated to be lost in tax revenues. In other words, the multi-trillion dollar banks and elite families are avoiding any taxation while forcing United States citizens to foot the bill. Amazingly, the $32 trillion stashed away represents the overall GDP of the United States and Japan combined.
    In order to reach the monetary figure, which many are calling quite conservative, economist James Henry commissioned was by the Tax Justice Network — a group that seeks to bring tax evasion to light. Even the Tax Justice Network was quite shocked by the outcome, with spokesperson John Christensen saying he was ultimately startled by the “scale” of the numbers. What’s more concerning than the numbers, however, is the entities behind them. The report revealed that major banks such as Bank of America and Citigroup were among the many major corporations and banking organizations to hide their assets in offshore tax havens.
    Bank of America, HSBC, Global Elite Families Among Listed.
    In an interview with the news organization Al Jazeera, Christensen explains just how deep the report goes:
    “We’re talking about very big, well-known brands – HSBC, Citigroup, Bank of America, UBS, Credit Suisse – some of the world’s biggest banks are invovled…and they do it knowing fully well that their clients, more often than not, are evading and avoiding taxes.”.
    To find the incriminating information, Henry (the economist working for Christensen and the Tax Justice Network) actually utilized data from deep within the International Monetary Fund (IMF), World Bank, United Nations, and central banks to reach his final figure. Embedded in what could potentially be the largest and most publicized breaking story on the subject of large-scale tax evasion by the wealthy elite, Henry also found that the offshore tax havens are actually quote attractive to entire developing nations — not just major banks and ultra-rich families.
    Used by ‘private elites’ to hide the wealth of developing nations, Henry found the balance sheets of 139 developing countries on record. Since the 1970s, he estimates that among the richest of these nations currently disguising their true asset value had amassed around $7.3 to $9.3 trillion. A figure that is completely unknown to the rest of the world due to the fact that is ‘unrecorded’ as offshore wealth.
    The findings are continuing to gain mainstream attention, and pinpoint just how far big banks and major corporations will go in ensuring that they do not have to pay a dime in taxes while at the same time calling for mass tax increases for the average citizen. Furthermore, it shows the financial mischief of the financial elite, depositing trillions upon trillions of dollars into offshore accounts with unknown value.

  2. Sophia Smith

    ——A g e Matching.C~oM——is the premiere online community for mature men who prefer to date younger women, or mature women who prefer to date younger men. Leave behind the embarrassment and annoyance of "one to one" chatting. It is a focused community that goes beyond dating, with blog, chat, instant messaging and many other social networking features. Love is waiting for you.

  3. Destiny Kruse

    It seems a lot of these kids from the U.S., income inequality much?