Private Security Market

Part
01
of two
Part
01

HNWI Bodyguards, Pt. 2

Jennifer Lawrence and Lady Gaga are among high-net-worth or ultra-high-net-worth individuals with private security guards/employees. Below is an explanation of the strategy as well as an overview of the findings.

Jennifer Lawrence

  • According to Yahoo Lifestyle, Jennifer Lawrence is a celebrated American actor with an estimated net worth of about $130 million.
  • Greg Lenz has been Jennifer Lawrence's private security guard since 2013.
  • Jennifer Lawrence also employed Justin Riblet briefly in 2014.

Stefani Joanne Angelina Germanotta (Lady Gaga)

  • According to Wealth Gorilla, Lady Gaga is a celebrated American musician worth about $300 million.
  • Peter Van der Veen has been Lady Gaga's private security guard since 2010.

RESEARCH STRATEGY

According to Investopedia, high-net-worth individuals (HNWI) are people with between $1 million and $5 million in "liquid financial assets," which can be defined as assets that can be easily converted into cash. Our research began by searching through resources that are focused on providing information on or for the affluent and celebrity populations such as Highsnobiety, Prestige, Glamour Magazine, and Hollywood Life, among others. While these resources provided information on several individuals with bodyguards, it was not possible to determine their liquid assets since only estimates of their total net worth was available with no breakdown. We also felt that they were all likely to be beyond the scope of HNWI since they were worth significantly higher than the scope, which would increase their chances of having over $5 million in liquid assets.

Next, we expanded our focus to mainstream and financial media resources in the hope that they highlighted any HNWI with bodyguards. The resources that we found from sites such as Forbes seemed only focused on billionaires and ultra-HNWI such as Jeff Bezos and Mark Zuckerberg. They also only provided information on their personal security spend and nothing on their security employees. We also tried to find lists of HNWI that we could research on to identify their bodyguards (if any). Again, the available information was only focused on the wealthiest individuals in the United States.

Third, we searched through bodyguard/personal security resources/associations such as North American Bodyguard Association, World Bodygurds Association. We also searched through U.S.-based and global personal security companies including American Executive Security. The research team hoped that we would find a resource that divulged information on the clients served by members of the association or company. Our third strategy also entailed searching for bodyguards and trying to find whether they divulged any information on their past or present clients in the hope that we could be able to identify any as HNWI. However, we could not find any information probably because the nature of the industry necessitates privacy and confidentiality.

Notably, probably due to the secretive nature of the private security sector, there is very scarce information on the private security details of individuals. In fact, the only available information is from celebrity gossip mills which conduct their own investigations to determine the identities of the individuals accompanying/protecting A-list celebrities. It is also possible that some celebrities might have several bodyguards; however, the said resources seem to be mostly interested in the biggest or 'hottest' security personnel. Therefore, the research team has provided information on two individuals with private security guards/employees but we could not determine exactly how much they are worth in financial assets.
Part
02
of two
Part
02

HNWI Bodyguards, Pt. 1

Beyonce Knowles and Kylie Jenner are high net-worth individuals with long-time bodyguards.

High Net-Worth Individuals

  • Beyonce Knowles is an American singer, songwriter, and actress.
  • Kylie Jenner is an American media personality, socialite, businesswoman, and model.

Bodyguards

  • Tim Chung has been Kylie Jenner's bodyguard for the past five years.

Sources
Sources