Thursday, December 27, 2007

Paris Loses Inheritance, Shops Anyway


Pagesix.com reports Paris Hilton's gramps may have cut the purse strings but don't expect her to curb her spending habits any time soon. The heiress took her younger brothers, Barron, 16, and Conrad, 13, shopping on December 26 at several gift shops in Maui, where the family is vacationing over the holidays.
That same day, Paris saw her $100 million inheritance slashed to about $5 million, when her grandfather announced that he is leaving 97 percent of his fortune to charity. Like Warren Buffet before him, 80-year-old hotel magnate Barron Hilton opted not to bequeath the majority of his estimated $2.3-billion estate to his heirs, including eight children and 23 grandchildren. Instead, he is donating the money to The Conrad N. Hilton Foundation, established by his father in 1944. “I am proud to follow my father's example,” the aptly named Barron said in a released statement. The heiress has long contended that she makes her own way financially, living on the money she reaps from The Simple Life, album and perfume sales and various endorsements, including a burger-smooching turn in a Carl's Junior ad and her recent comical foray into canned sparkling wine. “People are going to judge me: ‘Paris Hilton, she uses money to get what she wants.’ Whatever, I haven't accepted money from my parents since I was 18. I've worked my ass off,” she said last year. “I've done it all on my own, like a hustler.”She added: “I’m an actress, a brand, a businesswoman. I’m all kinds of stuff."
A hustler...OK.....

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