Being a famous child has some perks. They get to experience things that most kids don't, like attending exclusive events and meeting influential people. This can help them build confidence and improve their public speaking skills. Plus, the financial benefits can provide security for their future, allowing them to focus on their passions without worrying about money.

However, being a famous child isn't all good. They often have no privacy and are always in the spotlight. This can be stressful as they have to keep up a certain image and meet public expectations. They might miss out on a normal childhood and have trouble forming real friendships because people might want to be friends just because they're famous. This pressure can lead to mental health issues.