How Much Does It Cost a Billionaire to Have Top-notch Bodyguards On Hand Around the Clock?

The cost of hiring two full-time top-notch bodyguards can vary significantly based on several factors, including location, the experience of the bodyguards, and the specific security needs of the billionaire. Here, we will explore the general estimates and provide a detailed breakdown of the expenses involved.

General Estimates and Key Expenses

There are several factors to consider when determining the cost of having two full-time top-notch bodyguards on hand around the clock.

Salaries

A high-quality bodyguard can earn anywhere from $100,000 to $250,000 per year, depending on their experience and the level of risk involved. For two bodyguards, this could range from $200,000 to $500,000 annually. Additionally, there are other expenses such as benefits, equipment like communication devices and vehicles, and training which can add an extra 20-30% to the base salary. This could bring the total annual cost for two bodyguards to around $240,000 to $650,000.

Additional Costs

If the billionaire requires specialized security measures, such as armored vehicles and advanced surveillance, the costs can increase significantly. Some may also hire security firms that provide a team of guards rather than individual guards, which can lead to different pricing structures. In summary, a billionaire could expect to pay anywhere from approximately $240,000 to over $1 million annually for two full-time top-notch bodyguards, depending on various factors.

Mark Zuckerberg's Example

As an example, Mark Zuckerberg’s security costs are estimated to be around $14 million per year. Since he is a prime target for kidnappers and other threats, the expenses are significantly higher. However, not all billionaires need such extensive security.

Would It Be Possible to Only Have Two Bodyguards?

Logistically, it is challenging for a billionaire to only have two bodyguards on hand around the clock. Billionaires have many estates, yachts, supercar fleets, and family members who all need protection. They also have to ensure that each estate and property is secured 24/7, even if the billionaire is not present. This requires a comprehensive and well-structured security team.

Typical Structure and Costs

A typical security structure for a billionaire might include:

Head of Security

- 250k pa - Ex-senior police/military/secret service with experience working ‘close protection’. Deals with hiring, training, strategic decision making.

Shift Leaders

- X6 100k pa each - At least one on duty 24/7/365. Frequently two on duty simultaneously (one commanding the mobile team and one commanding a second team already in place at the destination).

Drivers/Security Personnel

- X30 6 teams of 5, 50k pa each - At least one team on duty 24/7/365. Two teams on duty wherever travel is required.

So, for salaries alone, we have $2.3 million. Add another $1 million for expenses, which vary significantly depending on the travel schedule. However, this is just for close protection. Security becomes even more complex when children and spouses are traveling independently or when multiple sites need 24/7/356 security even when the billionaire and their family are away.

In summary, a billionaire might spend $10–25 million a year on security. Another billionaire might spend significantly less, depending on their specific needs and circumstances.