Author Topic: Paris Hilton Loses Out!! (Read 559 times)

SIG220 · « **on:** December 28, 2007, 10:59:51 PM »

Poor Paris Hilton. Her Billionaire Grandfather, Barron Hilton, has now decided to leave 97% of his vast $2.3 Billion dollar fortune to charities, instead of his family.

There are reports circulating that Paris's Grandfather is extremely embarrassed by the wild behavior of his granddaughter. He even believes that she has seriously tarnished the family's name.

So to make up for all of that, all of this huge fortune will now go into a trust to support charities helping to alleviate the suffering of needy people for many years to come. He is hoping that this legacy of compassion and generosity will outlive that of his granddaughter. Although, really, I do not know what Paris Hilton stands for. Do you know?

Anyway, tell me: Do you feel sorry for poor Paris? This decision has probably cost her a couple hundred million of dollars.

Here is the news story:

http://www.reuters.com/article/newsOne/idUKN2636653220071226

SIG 220

rpm · « **Reply #1 on:** December 28, 2007, 11:21:48 PM »

I bet her 15 year old brother, that has never done a single thing to get in the media, is pissed.

Tac · « **Reply #2 on:** December 28, 2007, 11:58:20 PM »

You think?

Aren't charity donations tax deductible? I say a good lump of that cash is coming back to them anyways.

LePaul · « **Reply #3 on:** December 29, 2007, 12:06:20 AM »

TMZ is reporting that the "charitable grandfather" actually ilked out several millions of funds his father had willed to charities.

Looks like guilt might be a small part of his decision to donate the funds, again, to charity.

Russian · « **Reply #4 on:** December 29, 2007, 12:32:31 AM »

3% of 2.3B is not too bad....would keep me happy for entire life.

SD67 · « **Reply #5 on:** December 29, 2007, 02:37:34 AM »

awwwww poor Paris.
~$34 million.
Damn, she's going to have to make some cuts.
How on earth is she going to survive the first six months?

crockett · « **Reply #6 on:** December 29, 2007, 03:04:39 AM »

THat'sa nothing new they said that a few years back. The guy was already planning to donate most of his money to charities. I'm pretty sure Paris likely won't need it, she's good for a few million a year on her own.

rpm · « **Reply #7 on:** December 29, 2007, 03:04:50 AM »

Quote

Originally posted by SD67
How on earth is she going to survive the first six months?

Off her DVD sales?

JB88 · « **Reply #8 on:** December 29, 2007, 03:20:09 AM »

exactly rpm.

MORE PRON.

(seriously though...this is just a powerplay. she will be juuuuuust fine.)

SD67 · « **Reply #9 on:** December 29, 2007, 03:24:19 AM »

It had to be the most talented thing she ever did, and even then it wasn't that great.

rpm · « **Reply #10 on:** December 29, 2007, 03:27:16 AM »

Quote

Originally posted by JB88
(seriously though...this is just a powerplay. she will be juuuuuust fine.)

Yeah, like I'm concerned over Paris Hilton's long term financial portfolio.

JB88 · « **Reply #11 on:** December 29, 2007, 05:08:27 AM »

i got her long term portfolio right here.

Scherf · « **Reply #12 on:** December 29, 2007, 06:17:03 AM »

<---- wipes coffee off screen ...

DiabloTX · « **Reply #13 on:** December 29, 2007, 07:33:19 AM »

Quote

Originally posted by JB88

i got her long term portfolio right here.

That's the bestest Dice Clay evah!!!!

Maverick · « **Reply #14 on:** December 29, 2007, 09:03:19 AM »

Quote

Originally posted by Tac
You think?

Aren't charity donations tax deductible? I say a good lump of that cash is coming back to them anyways.

Tax deductions are for the living. If you are leaving your fortune to a charity you are NOT taking a tax deduction as you are no longer there to file the tax forms. Once the fortune is left to relatives THEY can donate some of it as a tax deductions as they are still alive.