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Hilton donates fortune to charity

Paris and Nicky Lose Inheritance to Charity

In today's news, I'm left wondering if Paris Hilton's Confessions of an Heiress is titled accurately. Paris and Nicky's grandfather, Barron Hilton, announced that he plans to donate 97 percent of his $2.3 billion estate to the Conrad N. Hilton Foundation.

The largest donation of 2007 came from Leona Helmsley who donated $4 billion to her family's foundation, and upon her death she still managed to leave $12 million for her Maltese. Similar to Helmsley's precious pooch, I'm sure the Hilton girls will be left well taken care of through their existing trust funds.

I think it's fantastic that their Grand-dadddy Warbucks is following in his father's philanthropic footsteps. How do you think Paris and Nicky feel about it?

Source

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Join The Conversation
elmendoa elmendoa 8 years
i am SURE they are not hurting for money. they all have their own things going on, investments, etc.
lorenashley lorenashley 8 years
it also says ALL CREATED TRUSTS. so they dont have those anymore either! :rotfl: how many people will have to split that 69 mill???
PeachyKeen19 PeachyKeen19 8 years
I think it must come as a surprise to them, their parents probably haven't *fully* prepared them for the possibility that this would happen.
alltherage alltherage 8 years
im sure they are bummed. but its great grandpapa hilton is doing this. but like the others said i dont think either gal will suffer. nicky has made a bunch. and paris is and still does inexplicably make a ton on endorsements, headlining parties, perfume etc. man. im jealous ;)
Lilavati Lilavati 8 years
They have some money to start, they have fame, so if they use it well (and read Savvy Sugar on a daily basis ;) ), they won't have financial problems. Let's hope they have some good ideas and make good use of what they've got.
watereatsrock watereatsrock 8 years
muahahhahahahah
msdyanelk msdyanelk 8 years
Haha! Who cares how they feel? IT WASN'T THEIR MONEY TO BEGIN WITH!!!
looseseal looseseal 8 years
Bwahahahaha! They still have a lot of money in the eyes of us common peasants, true - 69 mil can me last several lifetimes. But people accustomed to a certain lifestyle can blow through that in a matter of years. It could mean no more indiscriminate spending and frivolous business ventures making things nobody wants. Maybe they do well for themselves, I don't know, I'm not sure about that. Does anyone actually buy Paris Hilton's music? I mean, enough for her to make a profit from it? And Nicky Hilton's designs? I haven't seen all of it, but what I've seen of it... total fug. It feels more like they're actually paying to play at some facade of work. It's sort of like how Marie Antoinette played at being a milkmaid. I'd be surprised if anyone can tell me for sure that they actually turn real profits. They may just have to tighten their designer belts a little. They're not going to starve or anything like that, but it sure could be a hardship for people like this not to be able to on-up their rich little peers by always having the most expensive thing du jour. So, again, bwahahahaha!
scorpio71 scorpio71 8 years
the 3% left of that 2.3 billion is 69 million. sounds like a lot of money to me.
bellanatella bellanatella 8 years
Welcome, Savvy! :) Also just noticed.
msshellokitty msshellokitty 8 years
I just noticed this site.I'm glad the money is going to charity.It's not like Paris needs the money.
ilanac13 ilanac13 8 years
lucky for those girls that they both have decent business sense - and they don't have to rely on their family money after a certain point. i think that it's good what their grandfather is doing - especially since that was the point of the inheritance from his father...
bingkaycoy bingkaycoy 8 years
I agree with macdoodle and glam sugar
Random2 Random2 8 years
They're probably a little upset about loosing such a large chunk of money that they thought they had coming to them. But, they've got other places to get cash from, and they've made it this far without granddaddy's money.
Asia84 Asia84 8 years
considering they have trust funds and other big accounts, they are far from poor. and they both still have their father to get monies from. they are still considered wealthy.
glam-sugar glam-sugar 8 years
It's funny, they're probably both worried. Nicky will have to keep designing handbags and Paris will have to keep trying to act and make music. :rotfl:
alex1984 alex1984 8 years
I don`t think those girls have anything to be worried about, they do suprisingly well on their own.
hotstuff hotstuff 8 years
haha- They had Nicky on camera and she said 'I think it's great that he's keeping with tradition and giving back'. PUHLEASE!!! You know they are gonna be fighting over that money tooth and nail once he's dead.
wackdoodle wackdoodle 8 years
First welcome Savvy! Then as far as Paris and Nicky losing their inheritance you cannot lose something you never were given. Their grandfather wasn't dead, he has been watching their antics and their parents antics for sometime now and probably went "I think this money would better serve more deserving people than my lunatic family" (I'm adding lunatic). Wise choice. Nicky got businesses. Paris sells herself every where - so let them make their own fortune. And if they don't Target and Walmart are always hiring.
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