Skip to comments.Hilton's inheritance seized by fed up grandfather (Paris disinherited)
Posted on 07/30/2007 5:04:48 AM PDT by tlb
Paris Hiltons recent behaviour has sent her billionaire grandfather into fury so much so that the hotel heiress-cum-jailbird will not see a cent of her $59 million inheritance.
The co-chairman of the famous hotel chain, Conrad Barron Hilton, has instead decided to plough his fortune into a charitable foundation in an effort to carry on family tradition.
And the 79-year-old has also cut off his 11 other grandchildren in the name of philanthropy.
"He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris," says Jerry Oppenheimer, author of House Of Hilton. "He doesn't want to leave unearned wealth to his family."
Hilton senior recently acquired a hefty $2.4 billion after selling off a massive chunk of his hotel chain to private equity firm Blackstone.
Given her grandfathers disapproval, Miss Hilton is now working hard to cash in on her fame while she can.
(Excerpt) Read more at news.ninemsn.com.au ...
That description sums up everything notable she has ever done.
What about the dough from her parents? Are they going to cut her off as well?
I think I read somewhere that old Paris made about 7-million bucks last year? If so, that works out to 140-grand a week. My word, how much do-re-mi does Paris need?
You know, I think I could manage OK on that amount!
“It is not a sin to be rich. But it is a sin to die rich.” Andrew Carnegie........
Good for you Gran'pa Hilton!!!
Unlike us common folks, she has an easy opportunity to make good money, she better be wise to take advantage of those opportunities !
She won’t go hungry, but it’s nice to know that Gradpa has some sense and $60M will be put to good use.
As you know, I was not born an intellectual and people have been guiding my life in such a way that it has become very confusing....blah, blah, blah....
Dear Paris: Tough sh**. Get a job! Grandpa
You know, I think I could manage OK on that amount!
Yes, you and I could but, these Holly Wood elitist’s can’t?
Look at famous people, amazing how many of them die without a penny?? go think!/??
Next headline: Hilton disinherited take down Paris in street brawl.
Someone must have shown him the video.
Grandpa's children will inherit the money in all likelihood. Their children will inherit that money in all likelihood. Some of the grandchildren may just have to wait a little longer to get their meathooks on it.
No one will ever have to have a tag day for Paris or any other of her cousins.
“...the hotel heiress-cum-jailbird...
That description sums up everything notable she has ever done.”
What an idiot. What a freaking idiot. Doesn’t know her own grandfather and how he’s going to react to all this stuff? Should have stayed in school. Should have been a serious student. Should have been a serious something.
Seems a bit odd to punish the other 11 for Paris' misdeeds.
I wonder what took him so long?
He will be sued literally to death.
The grand kids will not give up his money and wil sue and sue and sue well past his death.
Bull. Most charaties these days either support liberalism or poor life choices. What is it about people on FR that like to see rich people get the shaft. Are they really no different than the envy driven supporters of the Dmocratic party. I like rich people. When I see a rich person I think that this shows that free enterprise is still alive (although somewhat ill) in the USA. If PH inherits money, then this shows that the greedy government hasn't been able to steal everything in generational transfers.
That was my thought. Why punish the grandchildren. Why not START with his OWN kids...Obviously they’ve babied and spoiled their kids rotten to where they’re no earthly good.
This article is in error. It’s not Conrad “Barron” Hilton, but William “Barron” Hilton. Conrad, Sr. died back in 1979. Conrad, Jr. was the infamous Nicky Hilton (the one who was married to Liz Taylor and beat her up), and he died 10 years before his dad did because of his lifestyle.
She wont go hungry, but its nice to know that Gradpa has some sense and $60M will be put to good use.Actually that old bastard stole all his money by contesting *his* father's will(IIRC he invented "sweat equity") when great grandaddy hilton tried to donate his fortune to the catholic church.
That’s Paris’s great-grandfather. He was once married to Zsa Zsa.
“I would as soon leave to my son a curse as the almighty dollar,” Andrew Carnegie
“140-grand a week. “
A weekend spree for Paris.
IIRC, his son, (Paris’ dad) who is somewhat of an idiot..he never worked at Hilton, was all but disinherited when he married..she’s somewhat of a Ditz..a celebrity wannabe..Yes, they’ll never have to worry about $$$$, but the vast bulk of the Hilton fortune was going to skip the first generation and go to Paris et al..now they’ve blown it..(sorry, bad choice of words here) as well..
Good for him!
Warren Buffett has the same philosophy. I don’t know if he’ll leave anything to his heirs. I believe he once espoused a sentiment that when a wealthy man with no spouse dies, all of his wealth should go to the government.........
Who hasn't been?.......
Paris will be just fine. She has her own brand name and products and makes plenty of $$$ all by herself. She could be completely cut off from the family and probably not have to change her “lifestyle” a bit.
it’s not about the govt. it’s not about the money. It’s about the lack of moral values.
Paris, you can have all the money in the world but without morals and character you’re gonna end up DEAD like Anna Nicole.
I have yet to meet a person with inherited wealth who is a conservative (and I’ve known quite a few over the years).
It seems that if you inherit a fortune, you become a do-gooder with others’ bucks.
Paris is the personification of American decadence. The Mainstream Newsmedia is its voice. The Democrat Party is its political machine.
Aren’t those alimony payments a bitch ?
Definitely a Scotsman.
Replace “a” with “to”.........
In all probability, she spends almost as much as she acquires and will wind up with not much. Fitting.
"A weekend spree for Paris."
Please. She can spend that much on a dress, or her STD creams.
Perhaps the other 11 are no better, just not quite so public but well-known to their own family.
Warren Buffett doesn’t have to leave anything to his children. They all have nice fat trust funds. He looks great saying he is giving all his money away, but he made sure his kids were well taken care of.
Probably should put the “to” in front of the “a.”
I wouldn’t waste it and end up in jail.....
She’s liable to be wishing she could collect royalties on those sex videos of hers.
bitter old man trying to keep control of everyone and everything.
fools fighting fools.
I disagree with Gramp’s decision. Let’s face it, she was born with a silver spoon in her mouth. Granted Nicky seems to work a little harder but when you are entrenched in the party lifestyle, sh*t is bound to happen. aside from the sobbing in the cop car, she took prison rather well. Nicole anorexic ritchie gets 3 days of jail with twice the charges, wtf is that?
she’s obviously never going to be at a 9-5 job and shouldn’t.
If she were to be totally cutoff (won’t happen, she can make money breathing in public) it would be like giving an obese kid an all you can eat buffet all their life. then they get fat, immobile and you say ‘oops no more food but here’s a knife go catch yer own’
She’s not that much of an embarassment, there’s much worse.
(and for god’s sakes won’t these people learn to hire chauffers? i take a cab if i’m too tired for a 10min walk, what about these ppl?!)
(a hollywood gossip junkie :) )