CELEBs in LAMBO's
Jan 30, 2008 | 08:43 AM
#12
Teamspeed Pro
Joined: Nov 2007
Posts: 5,076
From: 51.933° N, 4.583° E
She still makes more than enough on her own, but yeah she has been almost completely disowned.
Jan 30, 2008 | 09:01 AM
#16
Teamspeed Pro
Joined: Nov 2007
Posts: 5,076
From: 51.933° N, 4.583° E
Paris Hilton's grandfather will hand over 97 per cent of his $2.3 billion fortune to charities when he dies.
Barron Hilton to donate most of fortune
Paris' grandfather bequeaths 97% of his $2.3-billion net worth to the charity foundation started by his father.
By Susannah Rosenblatt, Los Angeles Times Staff Writer
December 27, 2007
Hotel magnate Barron Hilton, grandfather of heiress Paris Hilton, has bequeathed 97% of his estimated $2.3-billion net worth to his father's charity foundation, officials said Wednesday.
The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah's Entertainment Inc. after the money is placed in a trust, is the largest in the foundation's history and will bring its value to about $4.5 billion.
Barron Hilton, 80, pledged an immediate $1.2-billion donation to the foundation, with an estimated $1.1 billion to follow after his death.
The Holmby Hills resident is the foundation's chairman.
"Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather . . . and now reinforced by my father," Hilton's son Steven M. Hilton, president and chief executive of the organization, said in a prepared statement.
Paris Hilton, the most famous of Barron's 23 grandchildren, could not be reached for comment.
She has built her own moneymaking empire with a popular TV reality show, movie cameos and a hit single, plus appearances shilling perfume, burgers, books and canned champagne.
Hotelier Conrad Hilton, Barron's father and Steven's grandfather, established the charity in 1944 and left nearly all his fortune to the organization when he died in 1979.
The foundation, with offices in Century City and Reno, is the third-largest in Los Angeles County behind the California Endowment, with $3.8 billion, and the J. Paul Getty Trust, with $8.6 billion, according to the Los Angeles Business Journal.
Two decades ago, Barron Hilton fought the foundation in court, disputing the charity's ownership of a controlling 27.4% interest in Hilton Hotels Corp. He then split the shares' roughly $650-million value with the foundation after a long legal battle.
The charity has committed $560 million over more than six decades for programs to house the mentally ill and to increase access to safe drinking water in Africa and Mexico, among other projects.
This month, the foundation awarded a $1.6-million grant to the National Center on Addiction and Substance Abuse at Columbia University to help provide housing for drug and alcohol users to aid in their recovery.
The foundation also awards a $1.5-million humanitarian grant each year, one of the world's largest. This year's recipient, Tostan, is a West African nongovernmental organization that works to educate people with little or no formal schooling and combat female genital mutilation.
"disowned" is the incorrect term, but fact remains she isn't going the get much.
Jan 30, 2008 | 09:22 AM
#18
Teamspeed Pro
Joined: Jan 2008
Posts: 1,466
From: NY
http://www.latimes.com/news/local/la...=la-home-local
Paris Hilton's grandfather will hand over 97 per cent of his $2.3 billion fortune to charities when he dies.
Barron Hilton to donate most of fortune
Paris' grandfather bequeaths 97% of his $2.3-billion net worth to the charity foundation started by his father.
By Susannah Rosenblatt, Los Angeles Times Staff Writer
December 27, 2007
Hotel magnate Barron Hilton, grandfather of heiress Paris Hilton, has bequeathed 97% of his estimated $2.3-billion net worth to his father's charity foundation, officials said Wednesday.
The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah's Entertainment Inc. after the money is placed in a trust, is the largest in the foundation's history and will bring its value to about $4.5 billion.
Barron Hilton, 80, pledged an immediate $1.2-billion donation to the foundation, with an estimated $1.1 billion to follow after his death.
The Holmby Hills resident is the foundation's chairman.
"Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather . . . and now reinforced by my father," Hilton's son Steven M. Hilton, president and chief executive of the organization, said in a prepared statement.
Paris Hilton, the most famous of Barron's 23 grandchildren, could not be reached for comment.
She has built her own moneymaking empire with a popular TV reality show, movie cameos and a hit single, plus appearances shilling perfume, burgers, books and canned champagne.
Hotelier Conrad Hilton, Barron's father and Steven's grandfather, established the charity in 1944 and left nearly all his fortune to the organization when he died in 1979.
The foundation, with offices in Century City and Reno, is the third-largest in Los Angeles County behind the California Endowment, with $3.8 billion, and the J. Paul Getty Trust, with $8.6 billion, according to the Los Angeles Business Journal.
Two decades ago, Barron Hilton fought the foundation in court, disputing the charity's ownership of a controlling 27.4% interest in Hilton Hotels Corp. He then split the shares' roughly $650-million value with the foundation after a long legal battle.
The charity has committed $560 million over more than six decades for programs to house the mentally ill and to increase access to safe drinking water in Africa and Mexico, among other projects.
This month, the foundation awarded a $1.6-million grant to the National Center on Addiction and Substance Abuse at Columbia University to help provide housing for drug and alcohol users to aid in their recovery.
The foundation also awards a $1.5-million humanitarian grant each year, one of the world's largest. This year's recipient, Tostan, is a West African nongovernmental organization that works to educate people with little or no formal schooling and combat female genital mutilation.
"disowned" is the incorrect term, but fact remains she isn't going the get much.
Paris Hilton's grandfather will hand over 97 per cent of his $2.3 billion fortune to charities when he dies.
Barron Hilton to donate most of fortune
Paris' grandfather bequeaths 97% of his $2.3-billion net worth to the charity foundation started by his father.
By Susannah Rosenblatt, Los Angeles Times Staff Writer
December 27, 2007
Hotel magnate Barron Hilton, grandfather of heiress Paris Hilton, has bequeathed 97% of his estimated $2.3-billion net worth to his father's charity foundation, officials said Wednesday.
The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah's Entertainment Inc. after the money is placed in a trust, is the largest in the foundation's history and will bring its value to about $4.5 billion.
Barron Hilton, 80, pledged an immediate $1.2-billion donation to the foundation, with an estimated $1.1 billion to follow after his death.
The Holmby Hills resident is the foundation's chairman.
"Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather . . . and now reinforced by my father," Hilton's son Steven M. Hilton, president and chief executive of the organization, said in a prepared statement.
Paris Hilton, the most famous of Barron's 23 grandchildren, could not be reached for comment.
She has built her own moneymaking empire with a popular TV reality show, movie cameos and a hit single, plus appearances shilling perfume, burgers, books and canned champagne.
Hotelier Conrad Hilton, Barron's father and Steven's grandfather, established the charity in 1944 and left nearly all his fortune to the organization when he died in 1979.
The foundation, with offices in Century City and Reno, is the third-largest in Los Angeles County behind the California Endowment, with $3.8 billion, and the J. Paul Getty Trust, with $8.6 billion, according to the Los Angeles Business Journal.
Two decades ago, Barron Hilton fought the foundation in court, disputing the charity's ownership of a controlling 27.4% interest in Hilton Hotels Corp. He then split the shares' roughly $650-million value with the foundation after a long legal battle.
The charity has committed $560 million over more than six decades for programs to house the mentally ill and to increase access to safe drinking water in Africa and Mexico, among other projects.
This month, the foundation awarded a $1.6-million grant to the National Center on Addiction and Substance Abuse at Columbia University to help provide housing for drug and alcohol users to aid in their recovery.
The foundation also awards a $1.5-million humanitarian grant each year, one of the world's largest. This year's recipient, Tostan, is a West African nongovernmental organization that works to educate people with little or no formal schooling and combat female genital mutilation.
"disowned" is the incorrect term, but fact remains she isn't going the get much.
Do you think everyone in the family woke up and saw on fox that he was going to give away his money? Please, they have known this for years.
It is SO pathetic when people post things about celebrities like oh she's a tramp/idiot/trust fund baby, etc because that is the opinion you have formed based on what you read on TMZ or some other gossip magazine.
Last edited by JarodL; Jan 30, 2008 at 09:24 AM.
Jan 30, 2008 | 09:38 AM
#19
Teamspeed Pro
Joined: Nov 2007
Posts: 5,076
From: 51.933° N, 4.583° E
Neither is anyone else in her family? What is your point? You made it sound like she is the only one not getting money. Second, if he did give out his money to his family she was going to get $30mm. She has already made that on her own, not to mention the money her father has.
Do you think everyone in the family woke up and saw on fox that he was going to give away his money? Please, they have known this for years.
It is SO pathetic when people post things about celebrities like oh she's a tramp/idiot/trust fund baby, etc because that is the opinion you have formed based on what you read on TMZ or some other gossip magazine.
Do you think everyone in the family woke up and saw on fox that he was going to give away his money? Please, they have known this for years.
It is SO pathetic when people post things about celebrities like oh she's a tramp/idiot/trust fund baby, etc because that is the opinion you have formed based on what you read on TMZ or some other gossip magazine.
Didn't I already mention in my first post in this thread that she has made enough money of her own?
Personally I doubt Paris is as dumb as she's portrayed. Regardless, she's obviously quite skilled in turning her image into $.
Jan 30, 2008 | 09:41 AM
#20
Teamspeed Pro
Joined: Jan 2008
Posts: 1,466
From: NY
Please show me where I stated that she's an idiot/tramp/etc.
Didn't I already mention in my first post in this thread that she has made enough money of her own?
Personally I doubt Paris is as dumb as she's portrayed. Regardless, she's obviously quite skilled in turning her image into $.
Didn't I already mention in my first post in this thread that she has made enough money of her own?
Personally I doubt Paris is as dumb as she's portrayed. Regardless, she's obviously quite skilled in turning her image into $.
I never said you said it, I said people.
Your post about her being disowned and not getting any money is/was completely wrong. I am not some pro-Paris tree hugger, but I can't stand when people post things they don't know anything about.