HomeCelebritiesHeiress to one of the world’s most powerful families.
Heiress to one of the world’s most powerful families.
August 3, 2024
Her grandfather cut her out of the $15.4 BILLION family fortune after her scandal.But she fooled the world with her “dumb blond” persona and built a $300 MILLION business portfolio.This is the crazy story of Paris Hilton: Read More
Paris is the great-granddaughter of Conrad Hilton, founder of the Hilton hotel chain. Conrad grew a $1 Billion fortune, but Paris never saw a penny of it. In his will, he left his children $50,000 – $100,000 gifts – but ZERO shares in Hilton. And his son Barron was infuriated.
When Conrad died, his son Barron protested his father’s will in court for 10 YEARS. After stamping his feet, Barron was eventually awarded 4 Million shares of Hilton. Then he cut EVERYONE out of it. And there’s a lot of irony to this story.
The Hilton family fortune grew to a massive $4.5 Billion in the hands of Barron Hilton. But when Barron saw his granddaughter Paris’ in tabloids and on reality TV shows…
Barron Hilton made a new estate plan and decided to donate 97% of the fortune to charity. The new plan excluded Paris’ father and her siblings. And the remaining 3% was split 24 ways.
The 3% came out to a grand total of $135 million. If included, Paris would’ve got $5.4 Million. BUT she was seen as the new family embarrassment and was cut out entirely – even from her father’s will.
After being cut out of the family fortune himself, Paris’ father formed a hugely successful real estate business. Her parents have a combined $350M net worth, but Paris won’t inherit that either. So instead of stamping her feet, she built a $300 Million net worth.
Her 19 product lines make her around $10 million per year. Of course, she used her name as a launchpad – but she made millions on her own: Perfume lines, books, reality shows. Like her or not, Paris didn’t leech off her trust fund like most think.
All of Paris’ side hustles add up to a net worth of around $300 million. And that’s set to grow with a new Netflix show and brand deals pouring in. But here’s the thing:
It may seem like she had the world handed to her as a Hilton. (There’s no doubt it gave her leverage) But most people rush to that conclusion because they don’t understand this: There is a HUGE difference between how wealthy families treat male vs. female heirs.
I’m not a woman, so I can’t speak to the problems of female heirs. But none of them are really expected to earn for themselves like Paris has. Instead, the family dynamic for most female heirs is this:
Female heirs aren’t expected to understand money. Most wealthy families hold very conservative views about women handling money. They don’t care if their daughter is financially illiterate – they don’t teach them. They’re only worried about them marrying gold-digging husbands.
And in that context: it makes what Paris has done as an entrepreneur impressive. Again, I’m not a woman so I don’t know what it’s like. But I do have a sister – and I’m curious to see how it will affect her in the future. I just hope she builds her own competence with money.
