What Peltz’s $1m pocket money means for Brooklyn

How much pocket money did you get from your parents as a child? £3 a week to save up for toys? £5 if you hoovered your room and helped empty the dishwasher? A £20 bonus if you ace an exam? All of these amounts are laughable peanuts compared to the pocket money Brooklyn Beckham’s wife, Nicola Peltz, is said to receive from her billionaire father, Nelson. He’s got big bucks, and as the Beckhams have found out, he’s not afraid to use them.

A million dollars (£745k) is what professional investor Nelson Peltz is said to give his 31-year-old daughter to live off every month, according to The Rest Is Entertainment host Marina Hyde. “From what I hear, I think the Beckhams give Brooklyn a lot of money but not insane money and they have this dream to some degree that he will stand on his own two feet and become independent,” she said on this week’s episode.

“Maybe Nelson Peltz would deny this, but I hear that he said to them, ‘I give my daughter a million dollars a month allowance’”. You can sense the “my yacht is bigger than your yacht” energy from here.

Brooklyn has attempted to stand on his own two feet in recent years – but it hasn’t gone particularly well. There was the widely mocked photography book What I See in 2017, a £1m Superdry brand ambassador deal, which was terminated after eight months, a chef career that saw him ridiculed for sharing a recipe for a simple cheese toastie, and the launch of his hot sauce Cloud23 in 2024. Any modelling he’s done of late, for Express or Moncler, has always been alongside his wife.

Thankfully, Nicola can take him out for lavish date nights, which most recently revolved around £75,000 bottles of 1811 Château d’Yquem, which is widely regarded to be the most expensive wine in the world.

Nelson reportedly also stumped up the lion’s share of the cost of Nicola and Brooklyn’s £11m marital Hollywood home, while David and Victoria were branded “tight” by Nicola for not matching her father penny for penny, according to The Sun. She is now, the paper reports, the primary owner of the five-bedroom mansion, complete with an infinity pool.

The Beckhams, according to last year’s Sunday Times Rich List, are worth £500m, most of which is tied up in their various business ventures, including Victoria’s fashion line. While they’re certainly not hard up, they’re dwarfed by Nelson’s net worth, which (according to Fortune magazine) sits somewhere around the whopping $1.6bn mark. When Brooklyn and Nicola tied the knot in 2022, Nelson was said to have spent around $3m (£2.2m) on the celebration. Ahead of the ceremony, Brooklyn reportedly signed a “rigid” prenup that means he won’t gain any of the Peltz fortune if he and Nicola split. “[The Beckhams] didn’t think their children would be the ones signing the prenuptial; they thought it would be the other way round,” Hyde assessed. Still, Brooklyn didn’t seem to mind. Two months after the wedding, he wrote to Nelson on Instagram on Father’s Day: “Thank you for raising the most amazing daughter ever. I promise to love her until the day I die.” Cynics might perhaps say that, after the bridges he burned with his own family this month, he has no financial choice but to do exactly that.

All evidence so far points to Brooklyn being somewhat of a kept man. But while Nicola might have more capital, he has more clout.

The model and actor has 3.4 million Instagram followers. In the last film she appeared in (Lola, 2024), she wrote, directed and produced herself. No further projects have yet followed. Meanwhile, David and Victoria’s son has 17 million followers and has been of public interest since the day he was born. Brand Beckham is, undoubtedly, his biggest asset.