Grandpa Cuts Heiress Off From Family Fortune
Bianca — December 27, 2007 — Pop Culture
References: max.de
Paris Hilton has been disowned from billions of dollars by her grandfather according to several tabloids.
Instead of elaborate gifts this Christmas, Barron Hilton II cut her off. He said he doesn't want his hard-earned fortune to go towards Paris' hard-partying lifestyle... he would rather put it to a worthy cause.
The news from Max! magazine is huge. Her hotel mogul grandfather, Barron Hilton II, made it clear who he wants his assets to go to, and his grandchildren don't make the list. Instead, he wants the money to go to underprivileged and disabled children, where his money will actually make a difference.
Grandpa Hilton is worth about 2.3 billion dollars, and he said that when he dies, he wants 97% of his fortune to go the Conrad N. Hilton fund, the charity his father set up.
But Hilton won't have to change her lifestyle too soon. Her own PR work (kick started by her sex tape scandal) rakes in millions each year. Her self-branding has paid off, but there's a good chance the news rattled the heiress quite a bit, and will shock the rest of the world when news gets around.
The news was confirmed by USA Today.
Instead of elaborate gifts this Christmas, Barron Hilton II cut her off. He said he doesn't want his hard-earned fortune to go towards Paris' hard-partying lifestyle... he would rather put it to a worthy cause.
The news from Max! magazine is huge. Her hotel mogul grandfather, Barron Hilton II, made it clear who he wants his assets to go to, and his grandchildren don't make the list. Instead, he wants the money to go to underprivileged and disabled children, where his money will actually make a difference.
Grandpa Hilton is worth about 2.3 billion dollars, and he said that when he dies, he wants 97% of his fortune to go the Conrad N. Hilton fund, the charity his father set up.
But Hilton won't have to change her lifestyle too soon. Her own PR work (kick started by her sex tape scandal) rakes in millions each year. Her self-branding has paid off, but there's a good chance the news rattled the heiress quite a bit, and will shock the rest of the world when news gets around.
The news was confirmed by USA Today.
Trend Themes
1. Disowned From Inheritance - The trend of cutting off heirs from inheritance due to concerns about their lifestyles and behaviors, with a focus on philanthropy and social responsibility.
2. Celebrity Self-branding - The trend of celebrities building and monetizing their personal brands, which can provide alternative income streams and leverage for future business endeavors.
3. Impactful Philanthropy - The trend of wealthy benefactors prioritizing philanthropy that targets underserved and marginalized communities, highlighting an opportunity for innovative solutions that address social inequality and systemic issues.
Industry Implications
1. Wealth Management - Disruptive innovation opportunities: developing new investment strategies that prioritize social responsibility and philanthropic impact, targeted marketing to wealthy individuals with similar priorities.
2. Celebrity Management - Disruptive innovation opportunities: creating tailored brand-building strategies for celebrities that leverage their personal interests and passions, developing new revenue models that offer long-term stability and social impact.
3. Charitable Giving - Disruptive innovation opportunities: using new technologies and platforms to connect donors with meaningful causes and organizations, developing innovative fundraising techniques that make philanthropy more accessible and engaging for younger audiences.
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