Posted on 12/27/2007 10:29:43 AM PST by Anti-Bubba182
Time to tighten the belt, Paris.
Hotel magnate Barron Hilton announced yesterday that he's leaving 97% of his wealth to charity, dramatically cutting the fortune his children and grandkids will get.
That means granddaughter Paris Hilton, who once stood to inherit $100 million or more by some accounts, could end up with a measly $5 million or so.
"The whole family will be devastated, particularly [Paris' mom] Kathy," a pal of the clan told the Daily News last night.
"Some of them could be likely to contest the will - it'll be in the courts longer than Anna Nicole Smith versus J. Howard Marshall."
Barron Hilton is worth an estimated $2.3 billion, including the $1.2 billion he made from the sale of the Hilton Hotels and Harrah's casino chains......"
(Excerpt) Read more at nydailynews.com ...
I just can not believe that my great fourteenth cousin eleven times removed step brother in law’s uncle by marriage Barron would do this to the family. Where is justice when you really need it?
Ayup, even the article says: "Paris - who makes millions a year from her celebrity appearances and endorsements - had no immediate comment on her grandfather's bequest"
Having made "millions a year" and invested said "millions a year" for the past several years, I don't think we'll be seeing Paris shopping at Wal-Mart anytime soon.
Exactly.
I’m no fan of this trust fund baby skank, but then again I didn’t feel so strongly about it I wrote this article in the manner of the author.
If I were him,
I’d go ahead and give all the money away while he’s still breathing.
You can’t contest what isn’t there.
interesting. This is exactly what Conrad did to the family...by giving the majority of the $ to catholic charities, and then Barron contested the will. History is repeating itself.
I would add the Kennedys and Rockafellers also. Every tax bill has had some exemptions (read loopholes). It’s the first thing the pols get into when the tax law changes. They all yell we should have estate taxes and they have their money structured into charities, remainder trusts, and foundations. I think decendents can draw a salary from these, if I recall correctly.
You say that like it is a bad thing. I personally don’t have a problem with someone figuring out a way to keep Uncle Sam’s greedy fingers off his family’s inheritance, considering he has already paid taxes on it once. Even Whoopi Goldberg gets this.
No, that was a comment from someone else. The reason I posted it was because the article portrayed the “former” heiress as being suckered into getting nothing. The explanation in that comment proves otherwise.
Spoiled little brat. I hope one day she get a cold dose of reality and finally understands that the world doesn’t revolve around her.
Paris can sleep in the gutter. Too bad for her dog.
Yeah, but she’s pretty skanky NOW, by the time she actually NEEDS cash, those won’t be pornos, they’ll be HORROR films. . . (evil grin)
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