Modern threats like this week's political bomb scare and the Pittsburgh synagogue mass shooting have many who can afford protection paying up for security, The New York Times reported Sunday.
"People are scared right now," the vice chair of Pinkerton Tim Williams told the Times.
Executive security requests are up 20 to 30 percent annually in the past five years, according to Williams.
A surging economy raising the stock market, in part because of tax cuts, has created more wealthy people needing, willing, and able to afford added security.
"More people are able to afford this," ex-NYPD captain Tim Horner, senior managing director at Kroll private security, told the Times. "Clearly, the perceived risk and real threat level has increased."
Security is costly. A full-time bodyguard can cost between $150K to $300K per year, and from $2,000 to $10,000 per day, according to the report.
Facebook spent $7.3 million to protect founder Mark Zuckerberg in 2017 and reportedly will spend an addition $10 million this year.
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