Unpopular opinion - sure, it's fair to point out the privileges that offsprings of Hollywood elites enjoy, but let's not pretend the term "nepo baby" is not a backhanded sound bite to demean this particular group and devalue them in some way.
Personally if I'm a Hollywood elite, I'd be less offended if my kid is called "privileged" rather than "nepo baby", but people choose the latter for this exact reason.