Paris Hilton could lose inheritance (Hilton fortune pledged to charity)

[Elano]

Paris Hilton is reportedly set to lose her $US60 million inheritance following her wild behaviour. The reality TV star - who recently completed a prison sentence for driving with a suspended licence - has angered her grandfather, Barron Hilton, chairman of the Hilton Hotel chain.

He is said to be embarrassed about Paris’ outrageous behaviour and has cut her out of his will. Sources claim Barron has never really forgiven his outrageous granddaughter for cashing in on the infamous sex tape she made with ex-lover Rick Salomon.

Instead of fighting Salomon to stop the footage coming out, she allegedly made a deal with him which meant she could keep a cut of the profits from the subsequent DVD release. A source said: “When Paris agreed to leave the tape on sale for a share of the cut, it seemed like she had given it her blessing. Her grandfather couldn’t understand that and it just went downhill from there.”

The 79-year-old mogul has become more and more disillusioned with Paris - who was recently accused of smoking marijuana in a nightclub - and refuses to be talked round by family members. Jerry Oppenheimer, author of the Hilton family’s biography House of Hilton, said: “He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris. He doesn’t want to leave unearned wealth to his family.”

Paris loses out: Hilton fortune pledged to charity

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 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 behavior of his socialite granddaughter Paris and believes it has sullied the family name.

Barron Hilton, who is 80, has not commented on Oppenheimer's remarks.

The foundation supports projects that provide clean water in Africa, education for blind children, and housing for the mentally ill. Its aims, based on Conrad Hilton's will, are "to relieve the suffering, the distressed and the destitute."

"Speaking for the family as well as the foundation, we are all exceedingly proud and grateful for this extraordinary commitment," said Steven Hilton, one of Barron's sons and president and chief executive of the foundation.

Conrad Hilton established the foundation in 1944 and when he died in 1979 left virtually all of his fortune -- including, according to media reports at the time, a 27 percent controlling stake in Hilton Hotels -- to the charity.

But Barron Hilton challenged the will and after a nearly decade-long legal struggle reached an out-of-court settlement to split ownership of the shares with the foundation in 1988, The New York Times reported.


The hotel group was sold for $20 billion in October to private equity firm Blackstone Group, while the acquisition of Harrah's -- of which Barron Hilton was a board member until 2006 -- is due to be completed by Apollo Management and TPG Capital in early 2008.

Paris, a symbol of celebrity privilege in America, gained notoriety in 2003 when a home video of her having sex with a boyfriend was posted on the Internet.

She parlayed her notoriety, fueled by tabloid headlines about her partying lifestyle, into a celebrity career that has included a reality television show, a book, a music album, and film roles. Then this year she spent more than three weeks in jail for violating probation in a drunk-driving case.

[Narrator]

At this point, she's probably made enough money from all the shit she's done (TV show, album, all that) that she doesn't really need it.

[Now_Im_Not_Banned]

I'd probably do the same.

[OG Hack Wilson]

thats GREAT that its going to charity

if i had a fortune i'd donate it when i died to Multiple Sclurosis (sp?) research or AIDS research personally

but any good cause is good

[CertifiedL]

At this point, she's probably made enough money from all the shit she's done (TV show, album, all that) that she doesn't really need it.

And she'll probably end up bankrupt in 8 years when she becomes a washed up, talentless, never-as-been.

[Nat Turner-reincarnated]

not going to happen. its very rare when white people know how to put their foot down, when raising there kids. especially if they have money.

[The Purple Champ]

*opens up charity*

[herpes]

not going to happen. its very rare when white people know how to put their foot down, when raising there kids. especially if they have money.

Actually most white parents are like that unless they grew up and had to struggle.

[Sikotic™]

Too bad she can't inherit his immunity to HIV.

[Nat Turner-reincarnated]

not going to happen. its very rare when white people know how to put their foot down, when raising there kids. especially if they have money.

Actually most white parents are like that unless they grew up and had to struggle.

actually what most white parents put they foot down?

[Elano]

not going to happen. its very rare when white people know how to put their foot down, when raising there kids. especially if they have money.

paris is not his daughter,and it looks like this Hilton is the only one of the family with a brain