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Paris Loses Inheritance
News.com.au | July 30, 2007 12:00am
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.
Family patriarch Barron Hilton was already embarrassed by his granddaughter's wild behaviour - notably when her home sex video was leaked on the internet.
But the 79-year-old considered her 23-day sentence last month the final straw.
"He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris," said 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." 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 $2.4 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.
Not that Paris will care too much, though. US sources predict she will quadruple the $8.3 million business bible Forbes estimates she earned last year.
 
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