7.31.2007

Paris loses inheritance

Awe. Some.

News.com - PARTY princess Paris Hilton is $60 million out of pocket after her billionaire grandfather - appalled by her jail term for drink-driving offences - axed her inheritance.

Family patriarch Barron Hilton was already embarrassed by his granddaughter's wild behaviour - notably when her home sex video was leaked on the internet. But the 79-year-old considered her 23-day sentence last month the last straw.

"He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris," says Jerry Oppenheimer, who wrote a biography of the clan called House Of Hilton. "He now doesn't want to leave unearned wealth to his family."

Hilton senior, the only member of the family left with a sizeable stake in the huge hotel chain, has let it be known that he intends to donate to charity the $2.4bn he will gain from this month's sale of the company to private equity firm Blackstone. The money will go to the Conrad N. Hilton Foundation, the charity set up in the name of the founder of the family business.

4 comments:

wrestling kitties said...

AWESOME!!!!!!!

Flower Girl said...

Aw, poor Paris. You really can't blame her. What's a spoiled billionaire heiress to do, besides get drunk, drive, and make sex tapes? Sadly, she can probably make up for her projected inheritance just by doing a few corporate sponsorships. Damn, why can't I be a Hilton?!

Turtle Parade said...

actually, if you look into this further, this is not true. I read it and was laughing...then found something else that read this was false...though she's not inheriting 60 mill, it's only 30 mill.

Tiny said...

Oh. Well that sucks. I think I'll keep it posted just because the thought alone makes me happy:)