MR

I just had to post this. Andrew is just going to love this!

http://omg.yahoo.com/paris-loses-out:-hilton-fortune-pledged-to-charity/news/5090

"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."

It is about time someone hit Paris where it hurts!

Hey, I'm thinking a great idea for a sitcom! Kind of a Down and Out in Beverly Hills meets Arthur by way of Two and a Half Men? Paris loses all her fortunes and is tossed away by all her celebrity friends...She moves into a fashionable LA apartment complex with a nutty male neighbor who is a clothing designer, an elderly woman who is irascible, a suave Kevin Federline wannabe who constantly hits on her, and an oriental couple who lives below her that is constantly complaining about the noise. The whole series revolves around her being a fish out of water, and having to hit other characters up to drive her to Starbucks. She maintains about 4 of her outfits and wears them throughout the whole series, so eventually they are very dirty, and she is always starring in television pilots that never get aired. Some episodes include: Paris' big audition, where she takes voice lessons to audition for the role of Carlotta in a local production of "Phantom," Paris and her neighbors get snowed in for Christmas and have to reflect on the true meaning of Christmas, Paris gets drunk and nutty male neighbor takes pictures of her bush and posts around the apartment complex (okay, so this would be a Showtime series), and then there's a Very Special Paris, where Paris learns that the 6 year old Mexican boy in apt 4-D is being abused by his stepfather, and she has to step in to save the day.

Have Paris' people call my people. We'll make this work.

jeremey,, you are officially a genuis.. sorta a 3s Company twists as well.. ill tell ya,, you might need a Door Man as a character,, but the goofy neighbor HAS to be named Larry.. it just works.. oh oh ,, and maybe a repair guy that has his own key to her apartment and just lets himself in..a.k.a. one day at a time..his name is Swindel,, a foreigner,, she calls him to fix her stove .. and he asks.."whats a wrong with your a stove",, she says "its hot"... big laughs ensue.. maybe not..

Interesting...That makes his entire net worth (assuming that 2.3billion of it was 97% of the total net worth) around 2.371 billion.

That leaves 71 million for the family, etc.

I wonder how much of that 71 million it is paris's share?

Glad to see G-pa still has some sense. Couldn't happen to a nicer slut. Oh! Was that my outside typing voice??

Wait, let me get my violin out and I will play for poor Paris.

Wah wah wah.

She is still getting to much money-ERIC

That 3% is to be divided between Baron Hilton's 8 children and 23 grandchildren. I sincerely doubt what Paris gets will pay for one of her outfits.

Saw a segment on an entertainment "news" show today. It stated that Paris makes $7 million ON HER OWN, so this won't be TOO bad for her. Where's that violin??

Jeremey wrote:Hey, I'm thinking a great idea for a sitcom! Kind of a Down and Out in Beverly Hills meets Arthur by way of Two and a Half Men? Paris loses all her fortunes and is tossed away by all her celebrity friends...She moves into a fashionable LA apartment complex with a nutty male neighbor who is a clothing designer, an elderly woman who is irascible, a suave Kevin Federline wannabe who constantly hits on her, and an oriental couple who lives below her that is constantly complaining about the noise. The whole series revolves around her being a fish out of water, and having to hit other characters up to drive her to Starbucks. She maintains about 4 of her outfits and wears them throughout the whole series, so eventually they are very dirty, and she is always starring in television pilots that never get aired. Some episodes include: Paris' big audition, where she takes voice lessons to audition for the role of Carlotta in a local production of "Phantom," Paris and her neighbors get snowed in for Christmas and have to reflect on the true meaning of Christmas, Paris gets drunk and nutty male neighbor takes pictures of her bush and posts around the apartment complex (okay, so this would be a Showtime series), and then there's a Very Special Paris, where Paris learns that the 6 year old Mexican boy in apt 4-D is being abused by his stepfather, and she has to step in to save the day.

Have Paris' people call my people. We'll make this work.

Maybe a guy from Ork to show up once in a while, too. I don't see why this couldn't work. Can't be any worse than 99.9% of the crap that is on network or cable these days.

Ms_M wrote:Saw a segment on an entertainment "news" show today. It stated that Paris makes $7 million ON HER OWN, so this won't be TOO bad for her. Where's that violin??

How the fuck does she make 7 million getting arested and having her picture taken by the paparazzi as she drives around town in a car with no underwear!?

strangegrey wrote:

Ms_M wrote:Saw a segment on an entertainment "news" show today. It stated that Paris makes $7 million ON HER OWN, so this won't be TOO bad for her. Where's that violin??

How the fuck does she make 7 million getting arested and having her picture taken by the paparazzi as she drives around town in a car with no underwear!?

There's your answer! Seriously, though, the report indicates she gets paid for appearances and endorsements. I've heard about this - some will pay celebs to show up at their clubs. Gives them publicity. As for endorsements, personally, I would buy whatever she WASN'T endorsing, but that's just me.

I think they should make a video of Paris getting a naked spanking from her Grandfather IN the Hilton Hotel!!! That would make some money! Maybe she could use the money from this video to buy her friend Nicole some Taco Bell, Pizza Hut, or whatever it takes to fatten her ass up! Crack kills!!!

Ms_M wrote:

strangegrey wrote:

Ms_M wrote:Saw a segment on an entertainment "news" show today. It stated that Paris makes $7 million ON HER OWN, so this won't be TOO bad for her. Where's that violin??

How the fuck does she make 7 million getting arested and having her picture taken by the paparazzi as she drives around town in a car with no underwear!?

There's your answer! Seriously, though, the report indicates she gets paid for appearances and endorsements. I've heard about this - some will pay celebs to show up at their clubs. Gives them publicity. As for endorsements, personally, I would buy whatever she WASN'T endorsing, but that's just me.

I heard on the radio last week that K-Fed can make 50K by just appearing at a party. That's RIDICULOUS!!! Our society is seriously screwed when someone like Kevin Federline or Paris Hilton gets paid that kind of money (a year's salary for me) just to make an appearance at a party!

I think this is great, especially for the message it sends, but she's making her own money now, anyway. Here's hoping she blows thru it, though. I doubt she'll ever be hurting for cash, in either case.

Ms_M wrote: Seriously, though, the report indicates she gets paid for appearances and endorsements. I've heard about this - some will pay celebs to show up at their clubs. Gives them publicity. As for endorsements, personally, I would buy whatever she WASN'T endorsing, but that's just me.

Wow, you know, I never knew that. Unreal, to pay an appearance fee for some dumb idiot to show up at a party, wave, smile, drink a few glasses of Crystal...and walk out. Unreal!


However, that's a short lived gig. If you're relying on that kind of money for your regular income, you'd better be careful. A few steps in Britany Spears shoes, and you've gone from the A list to the D list. *noone* wants Spears to show up anywhere.....

All it takes is a few more jail appearances for Paris, and she's well on her way to being the next Britany.


She'll be an interesting idiot to watch destroy her life...without a multi-million safety net to cover her ass...