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View Full Version : Paris loses out: Hilton fortune pledged to charity


V4D3R
12-26-2007, 09:19 PM
haha this is some classic news shit. How many girls look up to this dumb twit named Paris Hilton. How many gonna look up to her now worthless ass?

http://ca.news.yahoo.com/s/reuters/entertainment_hilton_charity_col

By Michelle Nichols
http://row.bc.yahoo.com/b?P=ywUK09G_RzSyq31SRsRGiwBvzL_L_EdzGNYABURO&T=13vut53bm%2fX%3d1198725334%2fE%3d97340575%2fR%3d ca_news%2fK%3d5%2fV%3d2.1%2fW%3dHR%2fY%3dCA%2fF%3d 4285400237%2fQ%3d-1%2fS%3d1%2fJ%3dBD46BFD1&U=13bomlb49%2fN%3dzHMJQNj8YnU-%2fC%3d615206.11933487.12376069.9765657%2fD%3dLREC %2fB%3d5089325
NEW YORK (Reuters) - 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.

urbanlegendmf
12-26-2007, 09:26 PM
More Like Her Parents Lose Out

2788
12-26-2007, 10:43 PM
She'll still get $69mil tho...

RzaRectum
12-26-2007, 10:58 PM
Kids with money are dangerous....ly fun!!!

SaqurakiHanamichi
12-26-2007, 10:58 PM
haha this is some classic news shit. How many girls look up to this dumb twit named Paris Hilton. How many gonna look up to her now worthless ass?

http://ca.news.yahoo.com/s/reuters/entertainment_hilton_charity_col

By Michelle Nichols
http://row.bc.yahoo.com/b?P=ywUK09G_RzSyq31SRsRGiwBvzL_L_EdzGNYABURO&T=13vut53bm%2fX%3d1198725334%2fE%3d97340575%2fR%3d ca_news%2fK%3d5%2fV%3d2.1%2fW%3dHR%2fY%3dCA%2fF%3d 4285400237%2fQ%3d-1%2fS%3d1%2fJ%3dBD46BFD1&U=13bomlb49%2fN%3dzHMJQNj8YnU-%2fC%3d615206.11933487.12376069.9765657%2fD%3dLREC %2fB%3d5089325
NEW YORK (Reuters) - 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.

worthless .... do ur math stupid she still gets millions what do u get? NADAAAAAAAA its a dream for u to hit 1 million , this WHORE has MILLIONSSSSSSSSS ....

NY_Mami
12-27-2007, 12:07 AM
LMFAO!!!!!!!!.......... Now she gotta work...... no more easy access to Louis Vuitton, Christian Louboutin, Cartier, and all'lat......

Shaolin Bloody Sword
12-27-2007, 01:34 AM
Fuck Her !!! The 69 Million will not be hers. She will split it with her sister...... That's enough money for her to walk her way up. How many of us start life with Mills ??? If she's smart, she will be able to make hundreds of millions.

urbanlegendmf
12-27-2007, 01:45 AM
http://www.austinchronicle.com/binary/34be583f/howhigh.jpg
U LIL 5 LINK TIGHT SUIT WEARING MOFUCKA

L~>1<~NKS
12-27-2007, 09:54 AM
Don't matta, b. Unfortunateley all that publicity that cunt gets and has gotten'll have her still swimmin in the million's not the billions.

11th Chamber
12-27-2007, 12:46 PM
http://www.austinchronicle.com/binary/34be583f/howhigh.jpg
U Lil Richard Pryor Short Cut Fade Havin Round The Side Wearin Mufucka

On the real tho, I would have givin her the 2.3 billion, only if she was my sex slave for a year

V4D3R
12-27-2007, 05:53 PM
That 69 million is split from Paris parents down to Paris and Nikki.
She prolly will have to reduce her spending a lot.

Sucks though how many young girls look up to this chick as a role model.

JASPER
12-27-2007, 06:19 PM
I'd like to point and laugh at her Nelson Muntz style, but I won't for I realise I'm just a boy posting on some obscure webforum and my life seems bleak and boring compared to hers.

HANZO
12-27-2007, 07:23 PM
she still a millionaire. so its all good.

RzaRectum
12-27-2007, 10:40 PM
I'd like to point and laugh at her Nelson Muntz style, but I won't for I realise I'm just a boy posting on some obscure webforum and my life seems bleak and boring compared to hers.

Shenkie Federline, Marry her ass... Then get a divorce!

SickSide
12-28-2007, 03:16 PM
homeless Paris would be the shit

Koolish
12-28-2007, 04:50 PM
hahaha

Jet Set
12-28-2007, 06:25 PM
Celebrating!!!