The Wealthy Are Hiring 8/14/26

Summary

This CNBC Your Money Minute segment covers rising demand for private household staff among wealthy Americans. It cites a Morgan and Mallett report on private chef shortages and soaring pay, along with strong demand for estate managers, housekeepers, and personal assistants or chiefs of staff. The segment is a labor-market and wealth-trend story rather than a named investable market call.

• Wealth creation and a booming stock market are cited as the backdrop for increased hiring.
• Private chefs are in high demand, with salaries cited at $100,000 to $300,000 per year.
• Growth in millionaires and billionaires is linked to a household staff shortage.
• Estate managers can make up to $250,000 and housekeepers up to $160,000.
• Personal assistants and chiefs of staff are the most requested roles, earning up to $250,000.
• Strict NDAs and social media bans are increasingly required for these roles.
• No specific stocks, funds, or tradeable instruments were named.