Conrad 'Barron' Hilton, head of the Hilton clan and Paris' grandfather, has cut off her million inheritance. 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 billion 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. The 79-year-old patriarch is said to have told his high-living family that he is cutting Paris loose – and for good measure his other 11 grandchildren, too, none of whom will now benefit from the windfall. Instead, he is determined to carry on the family tradition for philanthropy.
“He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris,” says Jerry Oppenheimer, the author of House Of Hilton, the biography of the clan. “He doesn't want to leave unearned wealth to his family.”
I hope the money will be put to good, charitable use. It might be a bit of a slap in the face for Paris, but having said that, business is booming for her at the minute. If anything, her “jail term” only prolonged her 15 minutes of fame and it is believed that she will quadruple the million Forbes estimates she earned last year by lending her name to tacky product endorsements, perfume lines, jewellery designs and pet clothing range.
So yeah. Poor, poor Paris. It's a hard life…
Oh noes! Did you have to say 'It's a hard life…'?
Because now I'm afraid of her singing 'It's the Hard Knock Life'.
Paris Hilton + The Press = Unbearable
(http://livejournal.com/users/mirli)