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 Post subject: Poor Paris
PostPosted: Fri Dec 28, 2007 4:18 am 
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Sounds like gramps Hilton has no love for Paris. :roll:

But the crowd begins to roar!

Paris loses out: Hilton fortune pledged to charity
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Wed Dec 26, 2007 3:38pm EST | By Michelle Nichols

NEW YORK (Reuters) - U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion (1.16 billion pounds) fortune to charity.

That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. -- started by his father Conrad in 1919 when he bought a small hotel in Cisco, Texas -- and pending sale of the world's biggest casino company, Harrah's Entertainment Inc.

That money will be placed in a charitable trust that will eventually benefit the Conrad N. Hilton Foundation, raising its total value to about $4.5 billion, the foundation said in a statement.

Barron Hilton, chairman of the foundation, intends "to contribute 97 percent of his entire net worth, estimated today at $2.3 billion, including the created trusts, at whatever value it is at the time of his passing," the foundation said.

Paris Hilton was not immediately available for comment on her grandfather's plans for his fortune.

Jerry Oppenheimer, who profiled the Hilton family in his 2006 book "House of Hilton," has said Barron Hilton is embarrassed by the behaviour of his socialite granddaughter Paris and believes it has sullied the family name.
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PostPosted: Fri Dec 28, 2007 9:49 am 
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Actually, 3% of $2.3 billion would do me well, but unfortunately, I doubt if Paris is equipped to live on that amount.

Now is the time to wake up, if she is able to do so. But it won't be easy.

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PostPosted: Fri Dec 28, 2007 4:48 pm 
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3%. Same here. But what sort of "freedom" would we have to give up to "represent" the Hiltons?

Shoot, Paris should have joined the board of the Marriott with Romney and showed her own porn. :roll:

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PostPosted: Fri Dec 28, 2007 7:40 pm 
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Maybe Poor Paris will run for political office...she's right at the intellectual level that seems to appeal to the American public nowadays...and her morals are right on target, too, especially if she ran as a Rethug.

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PostPosted: Fri Dec 28, 2007 8:57 pm 
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The super rich have been hiding their money in foundations for decades. All of the billionairres do it I think.

This makes Paris less attractive to lawsuits and such.

The system uses people like Britney and Paris to keep the public from focusing on their white collar crime business netting almost a trillion $$$/year. Give or take.

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