Paris Hilton loses inheritance

[Xenotime]

Source: News.com.au

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.

...


"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."


Read more: http://www.news.com.au/story/0,23599,22157708-2,00.html

[LynneSin]

1. About fucking time

!!!!

[JerseygirlCT]

18. One family member who actually seems to be acting on her

problem, instead of coddling her.

[Hieronymus]

52. Absolutely .. good for her grandfather. Barron, I think.

[Common Sense Party]

2. That was her one remarkable quality--being filthy rich.

Now that she is no longer rich, can we please stop talking about her?

[markk]

9. she's made a lot of money herself by now off

people thinking she's just super.

[Turbineguy]

21. No. She's still blonde.

If she dies her hair dark then we'll talk.

Errr... I mean stop talking.

[MissMarple]

46. How insightful, cogent, and thoughtful of you.

:eyes:

[BlueIris]

67. 'Kay, you do realize it's 2007, now, yes? Not 1893? 1951?

Holy shit.

[kay1864]

29. She wasn't ever filthy rich

She was waiting to be, and now she's screwn.

[Raine]

54. No she's not screwed, she has plenty

of money on her own from modeling and her show The Simple Life.

[saigon68]

75. Her lifestyle is pretty expensive

Her posse requires a lot of upkeep

[montanto]

34. hear, hear!!

[Greeby]

3. Well, all I can say is

HA-HA!

[gasperc]

4. oops

something to think about before going on drunken binges of dubious behavior

[patricia92243]

5. It will just go to the parents and finally to her.

[pnwmom]

15. Not according to the article. Supposedly he's disinheriting the whole family

because of her.

Hard to believe . . .

[nini]

6. uh... she's still rich

her parents are loaded and she pulls in her own money from the idiots who watch her shows and buy whatever crap products she 'designs'.


However, she deserves this smackdown big time ;-)

[stressfulreality]

59. good point. she's still richer than any of us will ever be...

hopefully i'm wrong. ;)

[Dogmudgeon]

7. Yeah. Right.

And the old fart griping about "unearned wealth" -- pot, kettle, eh, Old Sport?

I'm no fan of Paris, but at least she's merely a twit, not a bloodsucker.

Leave it all to charity, Barron -- the "Make Barron Hilton Look Like A Good Guy After He Croaks Foundation".

--p!

[atreides1]

30. What Are You Referring To

Is there something about her grandfather that you don't like?

[ProudDad]

42. Maybe the part

about how the hypocritical old bastard inherited HIS wealth from his father Conrad...

Now, all of a sudden, he's against unearned wealth...

Very republican...


On Edit:

"Conrad Hilton died on January 3, 1979, in Santa Monica, California, at age 91 from natural causes. He is interred at Calvary Hill Cemetery, in Dallas, Texas.

"His estate founded the Conrad N. Hilton Humanitarian Prize. He left US$250,000 to each of his surviving siblings and US$10,000 to each of his nieces and nephews. Most of his assets were willed to the Roman Catholic Church and charities. However, Conrad's son, Barron, contested the will and won in 1988. The net worth of Barron and his descendants then jumped to over US$335 million."

[A HERETIC I AM]

55. He contested the will because he had standing.

He worked for his father and was instrumental in expanding the hotel chain and hence his fathers fortune. It isnt as if he was ANYTHING like Paris. Barron Hilton actually did work for a living.

http://en.wikipedia.org/wiki/Barron_Hilton

[ProudDad]

65. Wonderful

He too was born on third base and thinks he hit a triple...

[indepat]

8. Ouch! That hurts

[proud2BlibKansan]

10. So can we stop talking about her now?

Since her claim to fame is being rich, she is no longer a news item, right?

[Dukkha]

11. She'll be on next week's episode of

[ret5hd]

31. She NEEDS to be on "Lifestyles of the Broke and Lonely"

[bluestateguy]

12. She can make plenty of money on her own

Just based on her name and her celebrity. She's famous for being famous. And that's a lot more respectable than having money handed to her.

[closeupready]

41. I agree. For every notable person who tries and fails, we have success stories

like Paris or Anna Nicole Smith, who are able to amass vast fortunes on their own, even though many observers ask, "what did they do to deserve it?". If wealth is the measure of success or competence in life, then Paris has been very successful.

[ProudDad]

43. It's hardly "respectable"

to be a pimple on the ass of society...

[Gidney N Cloyd]

13. Ooohh. No inheritance? I'm withdrawing my marriage proposal.

It's not you, it's... you with no money.

[Enrique]

88. that's so Jane Austen

:-)

[pnwmom]

14. I suspect the rest of the family will have something to say about this!

Since the article claims he's going to disinherit the entire family because of what Paris did.

[Connonym]

16. That sound you're hearing?

it's me laughing with schadenfreude

[Critters2]

60. That other sound is me doing the same. nt

[MiniMe]

17. Having a sex tape of Paris circulating around the internet is OK, but drunk-driving isn't?

If I were Grandpa,I would have cut her off after the sex tape. That isn't to say that he shouldn't have been pissed about the drunk driving, I just can't believe he wasn't embarassed by the sex tape.

[Stuckinthebush]

20. The article says he was

but this was the last straw.

I say good for him. Paris will be ok if she takes her 15 minutes and invests her money wisely. Her star will fade next year I bet. She has no talent other than being Paris Hilton.

[Posteritatis]

51. Paris? Wisely? *snrk* *giggle* *snort* *laugh* *guffaw* *cackle* *seize* *collapse* (nt)

[Stuckinthebush]

78. LOL...ok ok!

Perhaps poor word usage there...

;)

[NastyDiaper]

23. Agreed. That's what I thought too.

That and her "you have to be mega ultra rich for my blojobs" 'tude.

[PurityOfEssence]

33. The most people you can kill with a blow job is one

Even that takes a lot of time.

You can kill a whole bunch when driving wasted.

[Gman]

45. Nah... never mind

I started to say something...

[Hardrada]

50. Being disinherited

is harder to swallow.

[Yavin4]

19. She Violated The Malcom Forbes' No. 1 Method of How To Get Rich in America

Have rich parents and don't piss them off before they die.

[Roland99]

22. AH HA HA HA HA HA HA HA!!!

[Arugula Latte]

24. Whoopsie. nt

[Tesha]

25. Next on the celebrity roundup Hilton sells out to Westin...

"Today, in a shocking turn-about, Paris Hilton announced that
she's changing her last name from Hilton to Westin, and she
will now only get falling down drunk and vomit off the
balcony of various Starwood hotel properties.

Her agent described Hilton Westin as 'especially
anxious to try her luck off the sky balconies of the Westin
Bonaventure in Los Angeles'. It's such a long shot from the
top down to the lobby level, it ought to make one hell of a
splatter! Plus those glass elevators give such great oppor-
tunities for ''exposure'', if you know what I mean..."



The lobby just prior to Westin's arrival as a guest:

[lonestarnot]

26. heh heh heh.

[Rydz777]

27. Didn't Barron Hilton try this once before, and Paris' father went

to court to stop it? Not sure. It's all part of Trivia Pursuit, but if Barron Hilton succeeds in turning the loot into a charity, then more power to him.

[MiniMe]

28. "Mooooommmmm, this isn't right"

Where have I heard that before? :evilgrin:

[Demeter]

32. How Refreshing!

Put that money to use for grandchildren struggling to go to college, or children's health care. Someone who will appreciate it.

[Spearman87]

35. now THAT'S hot....... (eom*)

dfdfd

[4_TN_TITANS]

36. I don't buy it...

This is just reputation damage control by the only person in the family with a brain. But, it would be sweet karma to see her serving fries at Burger King.

Now we get to hear how UNwealthy Paris is 24/7...

[pitohui]

37. she isn't out anything, the self important old coot was never going to give her anything

i've seen these games played, if the old coot wants you to have the money, he makes sure you have it while he's alive, because you don't get it after he's dead anyway, the nursing home vultures and the lawyers get it

paris is already rich and never had this money "in pocket" to begin with

old coots who play mind games w. cutting people out of wills to get attention are just as unattractive in their grabs for attention as la hilton herself

been there, done that, got the tee shirtn -- relatives who wasted their lives kissing up to one old fool in my family who was constantly re-writing her will -- they never got anything -- every penny of the money disappeared before she finally went to that big attention whore theater in the sky

you can't live your life to please people who won't be pleased

if he was embarrassed by her antics he would have cut her out over the sex video not over being jailed for, wait for it, driving with a suspended license, that's hardly a real crime at all if anyone else did it

he is an emotional blackmailer and i hope she tells him to kiss her ass

[Bake]

83. Rich old coots don't go into nursing homes.

They have live-in private care at home. So the nursing homes and medicaid don't get any of it.

Bake

[pitohui]

87. yeah, the live in private care steals even more, been there, done that too

you get the picture, once you're old and helpless, it's looting and pillaging time for the help or so it has been the case for a lot of elderly people i've known, millions go missing and it's never found again

sigh

if you want someone to have some of your money, give it to 'em while you're still alive and still have your head screwed on straight

my mom had several rich relatives, the only one who managed to get anything left to actual family had an attorney managing her affairs who actively looked for ways to gift money to the heirs while their benefactor was still living -- it works better that for everyone -- the person giving the gifts gets to see the changes in the quality of life, the heirs get to use it while they're still young enough that the money makes a difference to help w. buying homes, college, starting a business, etc.

as an opposite example, a dear friend of mine was told that she was going to receive $100K from a CD when her childless cousin passed, now the cousin was over age 100, i felt if he really cared if she got the money he would have given her some of it before he passed, all he did was show her a CD filed w. a bank with her name on it, means nothing, of course he died, the money had vanished -- and oddly enough the housekeeper seems to be newly prosperous...

if you love your heirs and want them to have the money, don't play games, if you do play games talking out your ass about your will, as far as i'm concerned, you can go straight to hell

i don't think la hilton is any good person but neither is this attention-whoring grandfather a good person, he was never going to give these people anything of his own free will if you ask me

[onehandle]

38. She'll be in Playboy within three years.

Although Hustler would be more appropriate.

Taking bets on Britney and Lindsey.

I say Lindsey within two years and Britney within one year.


Stupid girls, indeed.

[NYVet]

49. I say 3-5 for Lindsey

That is how long it will be before she gets out of jail.

[slackmaster]

57. Hugh Hefner wouldn't touch her

She's diseased.

[ChairmanAgnostic]

63. she's just not pretty enough. Actually, take away the veneer of $$$,$$$,$$$

she is plain and ugly, despite the blond thing going on.

[SoCalDem]

71. Not ugly, but not any different from every 4th or 5th random young woman at any mall..

She's just ordinary-looking..

[ChairmanAgnostic]

72. what gets me is how some ein jung 'uns WANT to look like her.

then again, super baggy pants, hanging down to the hips never made sense to me either.

[Bake]

84. Which one?

Paris? Britney? Lindsey?

Oh hell, it's ALL OF 'EM! Your statement accurately describes all of them. You could have added "airheaded," "no-talent," and any other number of descriptors.

Bake

[Enrique]

89. wow, Paris Hilton naked?

I can't even imagine...;-)

[closeupready]

39. She probably thinks this sucks, but it will be good for her in the long run.

Will build character.

[amb123]

40. Live by your inheritance, die by your inheritance.

:nopity: :nopity: :nopity:

Paris, these are three of the world's smallest violins and they're playing just for you!

:sarcasm: :sarcasm: :sarcasm:

[JudyM]

44. Hopefully the charities he leaves the $ to aren't neocon-affiliated. nt

[Up2Late]

47. DOH!

Awww!:nopity: :rofl:

[damntexdem]

48. At first, I read it as "Paris Hilton loses intelligence." I figured she didn't have much to lose.

But this is good, too. ;-)

Still, will we now be showered by the MSM with countless reports on how the new poor-little-girl is getting along? Gag!!!!!

[Raine]

53. Consequences...FINALLY

I know that she's still got plenty of dough but at least someone in her family has some concern about the family name and business.

[slackmaster]

56. Thank you Mr. Hilton - I always knew you were a decent man at heart

Listed as the 374th wealthiest American in a September 2006 Forbes article:

http://www.forbes.com/lists/2006/54/biz_06rich400_William-Barron-Hilton_02JQ.html

[superconnected]

58. Her whole family just got dis-inherited.

From the article it appears Barron is leaving 2.4 billion to Conrad(dead) hiltons fund- charity.

He's selling the last of his ownership in hilton and leaving it to charity this month.

He's saying he's not going to pass on un-earned wealth.

And the article says he's doing this because she is an embarassment.

Good job Paris, you f-ed it up for everyone in your family.

bad actress, bad actress.

[ecstatic]

64. Yeah, that sucks, especially since her weird fame still earns $$$

I hope her other family members have a backup plan.

[girl gone mad]

61. It doesn't matter.

She has her own clothing line, she's about to make 3 million from the sale of her home, she made millions from the sex tape and she gets paid tens of thousands to make appearances at parties.

She's done well enough for herself.

[superconnected]

62. People like her blow a million very quickly.

This will be a problem for that spending horse.

[girl gone mad]

69. Her father is worth hundreds of millions..

through his own business ventures independent of the grandfather. She still stands to inherit a hefty fortune.

While she may blow through money, she seems able to make it faster than she spends.

[ChairmanAgnostic]

73. but he loses his trust fund also.

several hundred million, all going to a charity near you.

[girl gone mad]

80. The story is false...

according to TMZ.

I doubt it would impact Paris or anyone in her immediate family very much, even if it were true. They each stand to inherit almost 30 million, but Rick Hilton is well off enough to support their lavish lifestyles even without that trust.

But it turns out that grandpa Barron still adores Paris. The first place she went when she left jail was his mansion.

[mcscajun]

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

Now there's a sentiment I can understand.

It's a tricky business carrying family fortunes from generation to generation; the sense of entitlement grows with each generation, as do the disputes about money. Earning your own way has a great deal to recommend it.

[Alpharetta]

68. She is not disinherited. She's just getting cut out of some proceeds

She still has her original inheritance as part of the settlement from the death of Conrad.

All she's getting cut out of is the additional proceeds from the private equity sale to Blackstone.

She's still way rich. In a few days someone will come up with the real numbers, but I think her income as a media figure is a pittance compared to the irrevocable trust already set up for her.

[otherlander]

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

So then who will he leave his unearned wealth to? :shrug:

[Seabiscuit]

74. So... no more DU threads about Paris Fucking Hilton? n/t

[comtec]

81. Can't help it we need someone to vent at

that won't start a flame war.
Sides Paris will go over, blow grandpa and all will be forgiven lol!

[Seabiscuit]

86. How about us all venting about GWB?

Oh, yeah, we already have him and his cabal of goons to vent at.

[comtec]

90. no no no we hate them for cause

Paris is good old fashioned schuidenfreud!

[WindRavenX]

76. HAHAHAH JUSTICE!

:rofl:

This made me smile :)

[XemaSab]

77. K&R for the greatest page

:bounce:

[UrbScotty]

79. That poor thing!

:sarcasm::sarcasm::sarcasm::sarcasm::sarcasm:

[winston61]

82. Remind me just one more time-

who gives a shit?

[stressfulreality]

85. ****THIS STORY IS BUNK!!! too bad...

Hotel heiress Paris Hilton doesn't need to worry about family patriarch and precious grandad Barron Hilton cutting her out of his will.

A story published in the UK said the ex-con party princess was in jeopardy of losing her mega-inheritance because sullying the family reputation, saying that grandpa was cutting her out of the will. TMZ has confirmed that's baloney.

After the socialite was sprung from the klink, she spent a few days at grandpa Hilton's family compound in Beverly Hills. It's rumored that Paris stands to inherit somewhere in the neighborhood of $30 million.

http://www.tmz.com/2007/07/30/paris-not-being-locked-out-of-hotel-fortune/

[olddad56]

91. With her talent, her inheritance doesn't matter....

I've seen her video. I think that she has what it takes to go somewhere in the porn industry.