Friday, December 28, 2007

Paris Hilton loses inheritance

July 30, 2007 02:16pm

Article from: The Daily Telegraph

PARTY princess Paris Hilton is $60 million out of pocket after her billionaire grandfather - appalled by her jail term for drink-driving offences - axed her inheritance.

Family patriarch Barron Hilton was already embarrassed by his granddaughter's wild behaviour - notably when her home sex video was leaked on the internet.

But the 79-year-old considered her 23-day sentence last month the last straw.

"He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris," says Jerry Oppenheimer, who wrote a biography of the clan called House Of Hilton.

"He now doesn't want to leave unearned wealth to his family."

Hilton senior, the only member of the family left with a sizeable stake in the huge hotel chain, has let it be known that he intends to donate to charity the $2.4B he will gain from this month's sale of the company to private equity firm Blackstone.

The money will go to the Conrad N. Hilton Foundation, the charity set up in the name of the founder of the family business.

I know most of hate the Paris Hilton headlines... this one tho, I didn't mind reading so much.
Kudos to her grandfather, not wanting to leave "unearned" money to his heirs.
There is nothing (in my opinion) which makes us value money more than if we have earned it ourselves. In her case, she will be fine of course, her celebrity and all it entitles (despite protests from people who despise her") will ensure the woman never starves, and lives better than many of us can even imagine for the rest of her life.
But still... things won't come as easy perhaps for her in the future and will begin to grow up. Funny by the time I was her age (26) I had already been married 4 years and had two sons.
Happy Friday!