Well, $5 million is not bad, but I am sure Paris Hilton would have preferred the full $100 million. Charity will benefit from the $2.3 billion going from her grandfather to charity. This story will become a moral fable, I am sure, told over and over by philanthropic counselors to wealthy parents. I asked Missy Proctor, Senior Advisor to Heirs in Wealth Bondage, for her advice to her peers. "Wait to make the porno of yourself until after you get the old fart's money," she said, "or wear a mask like I do." Sounds like a prudent plan to me.
heiresses look better in a mask anyhow. most guys would get behind that i think.
Posted by: archy | December 29, 2007 at 04:01 PM
For any normal lifestyle, with a 5 million dollar inheritance you might blow off a 100K or 200L celebrating at a good hearty wake (and shopping spree), buy another nice apartment, and then invest 4 million with savvy advisors to return say 8% per year, effectively giving yourself a cool $320K per year annuity stream.
However, I suspect that Paris will feel absolutely betrayed, and impoverished, in this scenario. Mind you, it is the grandparent. her mom sure looked happy to see her when she got out of jail if I remember correctly. She may end up avoiding living out her waning years in a physical Dumpster, though what she lives in a moral and / or psychological sense one can only speculate upon.
Posted by: JJ Commoner | December 29, 2007 at 04:29 PM
Someone who makes $6.5 mil a year can't get too excited about a $5 mil inheritance. Paris is earning her own way in our celebrity culture. I am sure she will eventually enter her philanthropic phase, maybe opening a museum of handbags.
Posted by: Phil | December 29, 2007 at 07:44 PM
I like Paris a lot, she dose not have to work, but dose, and she works hard at her TV show, etc. So she was born into wealth, Paris tries very hard at everything she dose, and usually succeeds. It hurts when you love someone, like your Grandfather, then they die, and leave you a paltry sum, and everyone else lots of money. I do not know why Grandpa did that, but I still love him and forgive him, its not the money but the principal.
Posted by: email@example.com | October 27, 2010 at 02:25 PM
Yes, she got shafted, in that sense.
Posted by: Phil Cubeta | October 27, 2010 at 04:00 PM