Skip to main content

Instagram’s rich kids are revealing their super-rich parents’ hidden assets

the only shows that could possibly be worse than rich kids of instagram
Image used with permission by copyright holder
The rich kids of Instagram are finally being exposed to the pitfalls of social media thanks to their inability to keep a lid on the publication of their lavish lifestyles.

From luxury cars to jet-set selfies, these young, rich socialites inspire envy and derision in equal measure. Unfortunately for them, their glamorous Instagram feeds are inadvertently causing a good deal of stress for their affluent parents.

A new report has revealed that investigators are increasingly using social media as evidence in their efforts to track down and seize assets subject to seizure in court proceedings, and valued at tens of millions of dollars.

A number of leading cybersecurity firms revealed that social media was utilized in up to 75 percent of their litigation cases, from billion-dollar divorces to asset disputes between oligarchs, reports the Guardian.

Evidence directly acquired from social media, posted by the self-obsessed offspring of the super-rich, has resulted in the seizure of multi-million dollar jet planes and luxury yachts.

Detailing the investigation process, Daniel Hall, a former lawyer turned corporate investigator, explained that social media could be used to map a target’s family and business networks. The metadata in an Instagram post, for example, could be used to identify their location, and a Facebook ‘like’ or tag could lead to a proxy company.

Cybersecurity investigator Andrew Beckett laid out a divorce case in which his firm found that the husband had hidden assets valued at millions of dollars using a similar method in regards to the digital activity of the couple’s children.

“We monitored social media, particularly for his children, who were in their 20s, and found a lot of posts from the same geo-tagged sites,” Beckett told the Guardian. “Cross-referencing that with land registry and other similar bodies overseas, we found half a dozen properties that were registered in the name of this person.

“We were able to go to the court with a list of assets that we conservatively estimated at $60 million, which the court then seized until he settled the amount that had been ordered.”

A number of security firms are now warning their clients of the threat posed by cyber-criminals, who are increasingly targeting wealthy families. One such firm, K2 Intelligence, claims it is now working with its super-rich clients to devise social media policies for the entire family. Described as a code of conduct, the strict guidelines seek to put an end to the lavish Instagram posts of those pesky rich rids.

Editors' Recommendations

Saqib Shah
Former Digital Trends Contributor
Saqib Shah is a Twitter addict and film fan with an obsessive interest in pop culture trends. In his spare time he can be…
3 reasons why Instagram Reels is failing to compete with TikTok
Screenshots of full-screen posts on Instagram.

Instagram Reels appears to be failing to catch up to TikTok -- that is, according to a recent report published by The Wall Street Journal. The report included an internal document, which contained a summary of "internal Meta research."

How far is Instagram Reels behind? Well, according to the report, Instagram users spent 17.6 million hours watching Reels compared to 198.7 million hours on TikTok. WSJ even reported that Reels engagement was down 13.6% over the last four weeks. Meta disputes the numbers, but it's clear Reels is having a hard time keeping up with TikTok.

Read more
Instagram ‘Not Interested’ button could come to save your feed
Instagram's Not Interested option shown on a mobile device.

Those suggested posts on Instagram aren't going anywhere, but the app may let you have more of a say in what's recommended to you.

On Tuesday, Instagram's parent company Meta announced that the photo and video sharing app would be taking another step towards possibly letting you have more control over the content you see in the app. And we're not talking about its existing Sensitive Content Control feature this time. According to Meta, Instagram is currently testing and plans to test two new ways for you to customize the kinds of content suggested to you.

Read more
Instagram further restricts content for new accounts under 16
Three mobile screenshots showing Instagram's Sensitive Content Control settings.

Months after expanding its Sensitive Content Control feature, Instagram has recently announced further updates to it that are focused on the privacy and safety of its teen users.

On Thursday, Instagram published an updated version of its June 6 Sensitive Content Control expansion blog post announcement. In the updated version, the popular photo- and video-sharing app detailed additional measures it would take to protect its younger users. These measures include defaulting the accounts of new teen users to the "Less" Sensitive Content Control option, sending other teens prompts that recommend that they choose the "Less" option, and experimental prompts that nudge teen users to review and update their privacy and safety settings.

Read more