Hilton Loses Inheritance

Paris HiltonParis Hilton may have to scale down her extravagant lifestyle. It seems that her grandfather, Barron Hilton, has decided to give the majority of his fortune to charity. Ninety-seven percent of his $2.3 billion will go to the Conrad N. Hilton foundation, helping the homeless and those in developing countries. Now Paris will have to share $69 million with the other children in the family. Her inheritance was once believed to be $100 million, but now will be closer to $5 million.

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Comments & Discussion

  1. Arnold • December 27, 2007 @ 12:48 PM

    Wow Baron Hilton should get all the recognition in this story. 97% of all his fortune to charity, that is most noble.
    The mere mention of his spoiled trash Granddaughter or wahtever she is tarnishes this story.
    Barron Hilton for man of the year.
    Paris Hilton for Trash of the month.

  2. Anonymous • December 27, 2007 @ 4:02 PM

    97% of his fortune goes to charity = free pass to heaven when baron hilton dies smart man LOL

    paris hilton should be homeless to learn how hard we all have to work and pay tax and bills like salves to government.

  3. Anonymous • December 27, 2007 @ 5:08 PM

    wow if her grandfather pointed her out as the sole purpose that he did what he did , her whole family should be sooo made at her, now maybe she will wake up and stop actting so stupid…but i doubt it

  4. Nancy • December 27, 2007 @ 8:10 PM

    Sounds like a real hateful man! I know Paris is no angel and Nikki probably isn’t one either, but looks like one next to Paris….but what about their brothers and the rest of the family?? He must not really like any of them! Why did he build his fortune to be so much if he was hardly going to leave any to family? Don’t get me wrong, it is great to donate to charity…..but pretty much ALL of it????

    Oh, and if his charity helps the hopeless and people in developing countries, then the new and improved, holier than thou Paris Hilton shouldn’t have a problem with that!!

  5. Amanda • December 27, 2007 @ 9:58 PM

    Probably just a smart tax strategy! The foundation can pay Paris an admin salary and avoid the excessive heritance taxes.

  6. Arnold • December 28, 2007 @ 12:06 AM

    Amanda, it sounds like you have some experience in this area. Is this the common practice of the righteous rich Warren Buffet, this Hilton guy and others?
    Not questioning it just never thought of that angle.

  7. Nancy • December 28, 2007 @ 1:05 AM

    If I was a member of his family….I would take him out now!!

  8. Nancy • December 28, 2007 @ 1:13 AM

    Oh yeah, I forgot….the Hiltons are American!

    and Christmas is over…so click on my name!!

  9. Normand • December 28, 2007 @ 8:13 AM

    GREAT I THINK HE MADE THE RIGHT DECISION. WERE GETTING TIRED OF SEEING PARIS FACE

  10. Heather • December 28, 2007 @ 10:27 AM

    Regardless of what Mr. Hilton’s intentions were for giving 97% away (tax shelter or a good/bad heart) I don’t think Paris or the rest of the Hilton Family will be hurting over it. They all run businesses. Remember, Paris “runs” three companies (clothing, perfume, etc.). This will not make a difference to any of their lifestyles.

  11. Betty • December 28, 2007 @ 10:40 AM

    She’ll still have too much for her own good.
    Let’s be thankful for what Barron is going to change in so many others’lives.

  12. Fan • December 28, 2007 @ 10:58 AM

    Trust fund babies never learn nor will she ever run out of money.
    His old money with his name is making her tons of new cash.
    She will just stay the same.
    Sad but true…. a fairy tale life, with an empty meaning…. such a waste.

  13. Anonymous • December 28, 2007 @ 12:48 PM

    Only $5 million. How is anyone expected to survive on such a small inheritance?

    Give me a break.

  14. Anonymous • December 28, 2007 @ 1:26 PM

    He’s ONLY returning what wasn’t his in the first place… how does that make him great?Baron Hilton’s dad Conrad originally gave almost all of his money to the foundation in his will. Baron fought that in court, and took 50% of that from the foundation.

    He’s only making amends, and relieving his guilt.

  15. Lauren • December 28, 2007 @ 1:28 PM

    Good for Barron Hilton, none of his family will ever be hurting for money. He is doing a very good thing. As for Paris…. I am so tired of hearing about this useless tit, she has done absolutely nothing that is of value to society.

  16. Carla • December 28, 2007 @ 1:33 PM

    It is important that however a wealthy person decides to leave his/her wealth, that they prepare the relatives for the appropriate lifestyle changes and responsibilities. Being wealthy may seem like a free ride, but it also has its great responsibilities, not the least of which being how to maintain the wealth and not lose it to taxes or bad investments. If you are accustomed to lavish spending, then, $5million can be gone in an instant. I hope that the whole family has good financial planning and trustworthy accountants and advisors..

  17. me • December 28, 2007 @ 1:55 PM

    I think what he’s doing is great, he’s helping the less fortunate. Also, it’s not like he’s leaving it as a “surprise” to his family, he’s giving them fair notice, they will only get $5 mil, what a shame. Poor souls. Paris has done nothing to deserve what she has anyway, and it’s not like she’s ever going to suffer financially. So do I feel sorry for her? NO!!!

  18. mila • December 28, 2007 @ 2:32 PM

    It is money, so it is his business what he does with it. Why do people always want a hand out? Work for a living and earn your own money. Who is she, anyway? Let’s focus on more deserving and accomplished people in this world.

  19. Bob • December 28, 2007 @ 4:58 PM

    WoW, most people could live like royalty on just the interest on 5 million bucks and that is never touching the principal!?!
    Still add that to what she’s worth anyway and you still have one spoiled little girl.
    I might be a guy but I’d trade places with her in an instant!

  20. Monique • December 28, 2007 @ 5:02 PM

    Good for him.
    It’s his money and he can do what he wants with it.
    Let the rest of the family work for theirs…
    the rest of us do!

  21. Angie • December 28, 2007 @ 9:48 PM

    I don’t think anyone has the “right” to benefit monetarily from someone’s death. If he chooses to give his money to his family, then lucky for the family. But if he decides, while he’s alive and sound, that he wants his money to go to benefit the world, then his family should say nothing of it. They didn’t earn it so why should they get it?

  22. Anonymous • December 28, 2007 @ 10:11 PM

    The point to be made here is that inheritance is a GIFT. In Victorian times, where landholding was passed through direct male heirs, an inheritance was a right – sometimes leaving younger siblings without any inheritance at all. Thankfully we have moved past that discriminatory time period.

    If children learn to expect nothing they won’t be disappointed if they get nothing in the form of an inheritance. The person who earned it can spend it or dole it out how they see fit.

    In Paris’ case, the free ride appears to be over. Now she gets to rely on the money she can earn from her own endeavors. It’ll be up to her if she succeeds or falls flat on her face.

  23. Mel • December 29, 2007 @ 12:00 AM

    Oh Dear GOd?!?!

    Paris needs to survive on only five million dollars?!? What an injustice?!?

    90% of us could live off the interest and be happy for the rest of our lives… either she’ll get used to it, or one day be taking the McDonalds order right next to us… either way it’ll be exactly what she needs.

  24. Tayderhead • December 29, 2007 @ 5:22 AM

    Children are not automatically entitled to their parent’s money. Giving his money to charity is one thing but sending it out of the country instead of putting it towards poverty stricken people in his own country is NOT a wonderful thing to do. Third world people are third world because they spend most of their time holding their hands out to the western people to fill them instead of doing something to help the problems in their own country. OUr forefathers made our countries what they are because they worked….HARD to make their own country a better place. They didn’t turn tail and run to the already built up areas of other countries to live off the avails of the hard work of others. Don’t forget, our countries were built from scratch too. Third world people come over here to get educated and then instead of returning to help build their own country they settle in here feeding off the best of our land and screaming about Human Rights if they think they are getting second best of anything. He needs to help the poor in his own country first. Charity begins at home.

  25. Nancy • December 29, 2007 @ 6:12 AM

    I couldn’t agree with you more Tayderhead!

    Oh, and I like tayder’s too!!

  26. Nancy • December 29, 2007 @ 7:12 AM

    Okay, Benoit. What did I say that pissed you off for you to make the “horrible” comment to me?

    Or, maybe you are American and clicked on my name perhaps????? 🙂 🙂 🙂

  27. Lori • December 29, 2007 @ 12:16 PM

    The kids have all had the opportunities to make their own way in life. They should not need any inheritance. Paris has been quite resourseful with tv shows and fragrances. She seems to be doing just fine and won’t need the millions that she might have had.

  28. Anonymous • December 29, 2007 @ 3:05 PM

    GOOD! the money her grandfather worked hard for is going somewhere where it will be productive as opposed to his spoiled, under acheiving useless grand daughter. she does nothing in this world except party, break the law and not make ammends for diminishing her family name. she has no talent and unlike a respectful person and try to make her way in the world without the help of her mommy and daddy. wat a little brat i swear if she gets another DUI and dosent go to jail for at least more then a month, i will hav lost every last bit of diminishing respect i hold for law in general.

  29. Louis • December 29, 2007 @ 7:03 PM

    If Paris Hilton was related to me I wouldn’t just change my will, I would change my name too.
    What a disgrace she is.

  30. Frank • December 29, 2007 @ 10:45 PM

    Paris can always give BJ’s for a living she has proven herself there.

  31. PeaceOut • December 30, 2007 @ 7:32 AM

    Kudos to the Philanthropist!

    Chaos to the Philanderer!

    Tsk Tsk, poor Paris, only $5 Million? Even if she got nothing, she’s already made lots of money from her colognes, modelling, so-called “acting” – she doesn’t need it.

    So, unfortunately, she won’t feel the pinch.

  32. me • December 30, 2007 @ 3:32 PM

    It isn’t Paris’s money anyway, so she really has no right to complain about it. It is Barron’s money and he can do whatever the hell he wants with it. And actually, I like what he is doing, his family will have more than enough to live their lavish lifestyles, plus he is helping out who knows how many needy people. I believe Paul McCartney is planning on doing the same thing.

  33. Nancy • December 30, 2007 @ 6:52 PM

    Paris is helping the needy people with that money too, though. I mean, the people who work in those bars only make minimum wage plus tips you know!! LMFAO

    Oh, and if she ever starts to feel the pinch, she can always do a sequel to “One Night in Paris”!!

  34. me • December 30, 2007 @ 8:25 PM

    Did she get paid for that movie? I thought that was a freebie to kickstart her sucky career. Yeah, true, she is helping the bartenders, the hairstylists, the manicurists, isn’t she just the nicest girl???

  35. me • December 30, 2007 @ 8:36 PM

    Hey Nancy, do you keep the old “issues” of Tribute? If so, go back to the Dec 21st one. Minerva is back on the farm! Check out her comment on the Jodie Foster article! My sides damn near split!

  36. Kevin • December 30, 2007 @ 9:01 PM

    Everyone seems to forget that it was HIM who created the majority of this wealth. It was him who built this empire so if he choses to do something like giving it all the charity, NO ONE should be complaining or crying about it.

    If it weren’t for him, none of them would have a job that pays them as much, none of them would have the education or even the lifestyle they have now because of him so kudos to him for realizing that they don’t need all that money. Heaven forbid if any of his family can’t live off of $5 million. Most of us are surviving earning alot less than that!

  37. Kim • December 31, 2007 @ 1:07 AM

    $5 million she is lucky to get that. This people who inherit all this money have no idea what it is like to work for it. What do you do when you have enought money to buy whatever you want. I am just sick of all these celebrities who make so much money.

  38. me • January 2, 2008 @ 6:32 PM

    Sorry Nancy, can’t click on your name, only got f’in dial-up here in no-man’s-land. Minerva, what the hell are you doing back on the farm? Kevin, read all the comments, I don’t think everyone’s forgotten who created this Hilton money! New Year’s is over, time to sober up!

  39. Bob • May 16, 2008 @ 1:58 PM

    What exactly does she do?

  40. Pam Gee • August 1, 2008 @ 11:54 AM

    I just want to know when Paris will ever be able to afford a nose job?

    Please. Paris is a product of a generation, if there is money in the family, then that influence of this pop culture throw away culture, is exacerbated. Why pick on Paris? How many young people working in bars, Target McDonalds or working for themselves (Paris and her ilk) really are thinking of others…it’s a me me me society. And $5mil is not an OW-Y! she already has perfumes and such. She may break a nail after throwing a perfume bottle in a brief tantrum after hearing what the elder Hilton did, she got over it…now will we?

  41. Geoff Sadler • May 11, 2016 @ 3:47 PM

    Miss Hilton just may have to go out and get a job!

  42. Geoff Sadler • May 11, 2016 @ 7:34 PM

    Bob – Miss Hilton does nothing but be famous for being rich, and hanging out with a lot of famous people. That’s it.

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