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- stackedfirewood, on 12/27/2007, -8/+206I still wouldn't mind having some of the 3 percent, I imagine the rest of us working folks feel the same way, poor Paris.
- DocHoliday22, on 12/27/2007, -1/+28I wouldn't worry about it. All sorts of people are going to crawl out of the woodworks to also claim that 3% share.
- honeymustardn, on 12/27/2007, -8/+45Who cares about Paris Hilton: buried as lame.
- stonedslacker, on 12/27/2007, -1/+70For this story, I do. Money that could've gone for Paris' pet dog's jewellery being used for housing for the mentally disabled is the kind of news you want to hear around Christmas.
Who's your granddaddy now, Paris? Who's your Granddaddy?- prophetpimp, on 12/27/2007, -4/+26Housing for the mentally disabled ehh. So basically you want them to divert money away from her dogs bling to a institute specifically designed to hold her. Not a bad idea actually.
- gyrfalcon, on 12/27/2007, -11/+3Housing for the mentally disabled? It looks like 97% of digg users have a new home!
- Archeologist, on 12/27/2007, -7/+1@gyrfalcon
But you're not 97%? - gyrfalcon, on 12/27/2007, -7/+2@Archeologist
No I'm 100% me... :) - Lythium, on 12/27/2007, -1/+3@ gyrfalcon: Welcome home, I guess =P
- ClaudiuUSA, on 12/27/2007, -1/+9@Whoever
I just wanted to jump on the @Wagon.
- bjornski, on 12/27/2007, -4/+21Then unsubscribe from " All » Entertainment » Celebrity "
- twistymcgee, on 12/27/2007, -1/+3Normally I would agree with you but in this case I love this news. Looks like Paris got "buried".
- MauiMac, on 12/28/2007, -0/+2Well... you took the time to click the link that took you to this page. I guess you care about Paris Hilton...
- stonedslacker, on 12/27/2007, -1/+70For this story, I do. Money that could've gone for Paris' pet dog's jewellery being used for housing for the mentally disabled is the kind of news you want to hear around Christmas.
- honeymustardn, on 12/27/2007, -8/+45Who cares about Paris Hilton: buried as lame.
- ferrariman60, on 12/27/2007, -0/+36$69,000,000 is that 3%. That is NOT chump change. I agree with you 100%.
- geminitojanus, on 12/27/2007, -2/+20When you realize how that's going to be divided amongst his heirs, the fraction that Paris might end up with is chump change (I probably got more from when my grandfather passed, and that's saying something).
Paris has effectively been cut out for her lunacy. Karma's a bitch.- popfrogs, on 12/27/2007, -3/+5I wonder how much her sister is getting, she seems to be a decent human being.
- geminitojanus, on 12/27/2007, -2/+20When you realize how that's going to be divided amongst his heirs, the fraction that Paris might end up with is chump change (I probably got more from when my grandfather passed, and that's saying something).
- XBSHX, on 12/27/2007, -2/+14$69 Million.
- PixelCloud, on 12/27/2007, -11/+5Who cares about the 2 231 000 000 going to charity.. PARIS IS GETTING TO MUCH MONEY! /sarcasm
- brianjlowry, on 12/27/2007, -0/+32What a fitting number of millions for Paris to get. I wonder if ole' Barron calculated that one out.
- spawnfree, on 12/27/2007, -2/+30he should have left her $80085
- monospaced, on 12/27/2007, -9/+6?
- lnxfi, on 12/27/2007, -0/+14BOOBS
80085 - AM6278, on 12/27/2007, -0/+2giggedy
- undyboy91, on 12/27/2007, -1/+2or lack thereof
- spawnfree, on 12/27/2007, -2/+30he should have left her $80085
- andrgo, on 12/27/2007, -2/+8"Paris Hilton's potential inheritance" - I could have swore a few months ago her grandfather said he was going to make sure she DID NOT inherit anything, because of the way she has been acting up in the last year or two. (?)
Oh that's right, it was even on Digg:
http://www.digg.com/odd_stuff/Paris_Hilton_loses_i ...- maexus, on 12/27/2007, -0/+6It wasn't true, which I believe was also on Digg
edit: Yup, see mvanhorn's comment below
- maexus, on 12/27/2007, -0/+6It wasn't true, which I believe was also on Digg
- kgmurray, on 12/27/2007, -0/+1Grampa says "he believes it has sullied the family name". He's not sure?!? The old guy has to be sharper than this.
- ClaudiuUSA, on 12/27/2007, -1/+1Dugg for sullied.
- monospaced, on 12/27/2007, -0/+5What you all don't fully realize is that this is Paris' grandfather they're talking about, so it is his children (Paris' parents, for example) who are really getting screwed. Of course it trickles down to her, but in the end she'll inherit whatever her father ends up passing on to her.
- cranium, on 12/27/2007, -0/+4(psst. They make these things called a 'will', and using that the old man can allow his grandchildren to directly inherit money as well as his children. Just so you know...)
- diggingaround, on 12/27/2007, -0/+1$69 Million? That's before taxes... It really depends how you use it... Oprah droped $50 Million for her house... now the property TAX on $50M is $500.000... Paris can spend $69Mil in 2 weeks flat.
- appletalk, on 12/28/2007, -1/+2Leave Paris alone!!!!!!!
- UtubReptilian, on 01/02/2008, -0/+1What next? Ron Paul in the White House? http://www.digg.com/celebrity/The_Iowa_Caucus_Poll ...
- DocHoliday22, on 12/27/2007, -1/+28I wouldn't worry about it. All sorts of people are going to crawl out of the woodworks to also claim that 3% share.
- mvanhorn, on 12/27/2007, -5/+183I was so sad when the last Paris losing her fortune article turned out to be a hoax. That one pulled in over 13,000 diggs! Glad to see this that this looks legitimate.
- bingobongony, on 12/27/2007, -47/+7What makes you glad? The fact that Paris Hilton has already earned about 20 times more money than you will ever see in your lifetime? WITHOUT an inheritance?
- bingobongony, on 12/27/2007, -40/+4Jealous much, mvanhorn?
With what she has EARNED, she could easily buy and sell you. She has enough money that is she offered enough, she could get your to pick up her ***** if she ever decided to stop using the toilet. And you would happy accept the job for hte right price.- fishbert, on 12/27/2007, -2/+19You're silly.
- roodammy44, on 12/27/2007, -1/+4No price would ever be worth that.
Also, she has earned into the tens of millions i would estimate.
This implies that you would accept that job for less than 10 million. Wrong. - parkermauney, on 12/27/2007, -1/+19Quit using the term "Earn"
- slvrbullet87, on 12/27/2007, -2/+5@Toodammy44
"This implies that you would accept that job for less than 10 million. Wrong"
I sure the ***** would... i would spend a year wiping her ass with my bare hand for 10 mil. My pride is worth alot, but i would be willing to clean that dried up condom she calls her body everyday for that kinda money. - fithanee, on 12/27/2007, -3/+3Why did you reply to your own comment?
- nebion, on 12/27/2007, -2/+1It isn't a matter of jealousy, it's a matter of people being disillusioned by seeing people get (I would hardly call it earning) huge amounts of money for questionable reasons.
The world is far from a meritocracy, where people who made the most money did so because they really did something valuable. Celebrities can simply bank on their celebrity status without any merit whatsoever.
I've made far more money than most people by my age, and while it has been based in part on merit, a lot of it has also been luck. I know a lot of people who have done more and better, but made less. - XopherMV, on 12/27/2007, -1/+3Paris didn't "earn" any money. She was HANDED the Simple Life because she ALREADY was a sheltered, trust-fund celebrity who never did an honest day of work in her life. THAT is what drew people to the show - watching some rich, stupid, undeserving ***** being forced to milk a cow or shovel *****. YOU try getting a show like that after walking in from the street. You'd be kicked out of the building as soon as you asked the secretary.
- blazes816, on 12/27/2007, -3/+50Paris is rich because she's famous. She's famous because she's rich. Therefor, if she had no inheritance, she would not have gotten rich on her own.
- jmpeagle, on 12/27/2007, -5/+31people buy her *****, therefore she's rich. She's rich because people are stupid.
- bejayel, on 12/27/2007, -1/+42I dont really know how it makes sense, but i am pretty sure she is rich because she is stupid.
- spawnfree, on 12/27/2007, -0/+8and where would she be if she was ugly and short?
- Gerz1219, on 12/27/2007, -0/+8Rich people don't have ugly and short children.
- ilves7, on 12/27/2007, -0/+1only before they become rich, then they dump their spouse and marry a supermodel, and have hot babies
- XopherMV, on 12/27/2007, -0/+1Ugly, short, and rich? You mean Kelly Osbourne?
And Paris IS ugly. Her emaciated face looks like it was hit with a shovel.
The only reason people watch Paris Hilton or buy anything from her was because she was ALREADY rich due to her great-grandfather starting Hilton Hotels. If her family wasn't rich, she would have never landed The Simple Life. Her porno tape would be nothing special in a whole world of internet porn. And Paris, as stupid as she is, would be sitting in some trailer park, smoking cigarettes, popping out babies, and living off welfare.
- jmpeagle, on 12/27/2007, -5/+31people buy her *****, therefore she's rich. She's rich because people are stupid.
- bingobongony, on 12/27/2007, -40/+4Jealous much, mvanhorn?
- doctordbx, on 12/27/2007, -13/+6Beats me why so many people wish for her downfall when you think of all the joy she has brought to them by being their jerkoff material.
- keepinithamsta, on 12/27/2007, -6/+21She's nasty. Who in the world seriously jerks off to her?
- diggzaphod, on 12/27/2007, -8/+4come on, we are all friends here. admit it, you do.
- XopherMV, on 12/27/2007, -0/+2I certainly don't. Paris is one ugly bitch.
- keepinithamsta, on 12/27/2007, -6/+21She's nasty. Who in the world seriously jerks off to her?
- Chirp08, on 12/27/2007, -0/+7And yet you obviously read none of the comments, it has already been pointed out she has made enough money on her own that she doesn't need that inheritance. Clothing, jewelry, perfume, music, movies, etc. etc.
- georgemason01, on 12/27/2007, -1/+1I didn't believe it until I saw it - http://www.digg.com/odd_stuff/Paris_Hilton_loses_i ...
- monospaced, on 12/27/2007, -3/+2Her grandfather is donating his estate(s) value to charity, not her father, so his children are getting screwed much worse than Paris. If her father, in the next thirty years or so, decides to revoke her inheritance when he dies, then we'll have something to really talk about.
- pedrovoltaire, on 12/27/2007, -0/+1i think it's bullcrap... "baron" hilton was not the bread winner - that's family money.
- bingobongony, on 12/27/2007, -47/+7What makes you glad? The fact that Paris Hilton has already earned about 20 times more money than you will ever see in your lifetime? WITHOUT an inheritance?
- soot, on 12/27/2007, -7/+175*Insert slide whistle sound here*
- saisumimen, on 12/27/2007, -2/+18Ascending or descending?
- expatcatalyst, on 12/27/2007, -0/+2descending of course lol
- saisumimen, on 12/28/2007, -0/+1I'm just sayin' -- now that she's "poor" (by billionaire heiress standards), a lot of semi-rich to filthy-rich guys suddenly got excited.
- expatcatalyst, on 12/27/2007, -0/+2descending of course lol
- kelly, on 12/27/2007, -4/+4I swear... I laughed out loud at your post.
- DeadFox1, on 12/27/2007, -3/+4down? http://www.wavsource.com/snds_2007-12-26_909680609 ...
or up? http://www.wavsource.com/snds_2007-12-26_909680609 ...
- saisumimen, on 12/27/2007, -2/+18Ascending or descending?
- MarkDykeman, on 12/27/2007, -3/+113Maybe Grandpa should donate Paris to charity...
- therodersabides, on 12/27/2007, -1/+25Yeah, but who would actually want to take her??
- bejayel, on 12/27/2007, -4/+42i bet 75% pf the people here would ***** paris inside out if they were given the chance.
- narcofiche, on 12/27/2007, -5/+40I don't think I'd ***** anyone inside out. I don't really find those muscle charts in science class all that sexy.
- Joshuarr, on 12/27/2007, -1/+12For me it's the buggy eyes that are the turnoff. Cover the eyes and I'd probably hit it.
- WikiEasy, on 12/27/2007, -4/+28I think you meant to say 97%.
- AndrewDB, on 01/10/2008, -2/+28I sure as hell wouldn't touch it, I value my penis.
Paris probably has enough STDs to make a condom melt off.- charlie55, on 12/27/2007, -15/+15why? because she is an adult woman who has sex? yunno, your relationships making the tabloids doesn't make them more diseased.
- terracottapai, on 12/27/2007, -0/+18Maybe her Valtrex prescription is good enough evidence?
http://hollywood.outsidethebeltway.com/wp/wp-conte ... - cfuse, on 12/27/2007, -1/+7@charlie55 - no, it's because she's sucked and ***** pretty much every diseased ***** in hollywood (and has started working her way through europe). A dirty whore is a dirty whore, regardless of whether she's on the frontpage or not.
- Velnich, on 12/27/2007, -1/+10Nah, I'd always feel insecure over the one eye that never seemed interested in what I was doing.
- cfuse, on 12/27/2007, -2/+2I'd be happy to stop once she's been inverted. I'd even clean up the blood for free (but I'd need a hazmat suit - that whore is a carrier for STDs that are worse than ebola).
- XopherMV, on 12/27/2007, -1/+4Yeah, and that same 75% would ***** Kelly Osbourne... Just don't tell the guys.
- narcofiche, on 12/27/2007, -5/+40I don't think I'd ***** anyone inside out. I don't really find those muscle charts in science class all that sexy.
- Velnich, on 12/27/2007, -10/+1.
- bejayel, on 12/27/2007, -4/+42i bet 75% pf the people here would ***** paris inside out if they were given the chance.
- Velnich, on 12/27/2007, -2/+7I think Charity already has a boyfriend, they could be open though...
- theholyraptor, on 04/07/2008, -0/+18donate her to science.
- gyrfalcon, on 12/27/2007, -0/+12Scientists already have more intelligent animals to work with...
- ToadPedestal, on 12/27/2007, -1/+4Imagine the good she could do for researchers working on STD interactions.
- su1man, on 12/27/2007, -3/+2charities are supposed to help society not give them aids
- Jeffler, on 12/27/2007, -2/+9Yeah, I THINK these charity are trying to prevent STD's, not introduce new ones....
- cfuse, on 12/27/2007, -1/+2The society for dogs already has enough work thanks.
- Kalior, on 12/27/2007, -0/+4how about science?
think of the research possibilities on a subject with 97% of the world's known STDs. - Spoomeister, on 12/27/2007, -0/+1He won't, because you don't get as big a tax break when you donate used goods.
- diggingaround, on 12/27/2007, -0/+2Flash NEWS... "Grandpa Barron Hilton is trying to bribe St. Peter at the golden gates by giving his fortune to charity"...
- arplayer2k, on 12/27/2007, -0/+1I dont know if the 'dumb-bitch' charity needs anymore donations.
- therodersabides, on 12/27/2007, -1/+25Yeah, but who would actually want to take her??
- tritiumpie, on 12/27/2007, -6/+1523% of 2.3B still leaves $69M left... which likely means that useless moron still inherits millions.
- PasteEater, on 12/27/2007, -4/+71Yeah, but that $69 million doesn't all go to her. So, she'll be rich, but not buy-your-own-island rich.
***** her, she doesn't deserve a dime of that money. ***** her right in her stupid ass. Wait... someone already did...- PixelCloud, on 12/27/2007, -17/+4You don't 'deserve' to judge someone that way. It's not YOUR money either, Barron is doing a very GOOD THING. Donating 2 231 000 000 is not an easy decision to make (or i can imagine). When is the last time you made a substantial contribution to the world?
- dema, on 12/27/2007, -1/+16It's an easy decision when it's between a charity that can put the money to good use and a ***** slut.
- gyrfalcon, on 12/27/2007, -0/+7It's also an easy decision when you care more about preserving your name for eternity... (ie. Bill & Melenda Gates Foundataion)
- QuirozB, on 12/27/2007, -2/+0Why are you getting dugg down?
- PasteEater, on 12/27/2007, -1/+2A substantial contribution to the world? You mean like owning a line of perfumes, like Paris? The same line that was bankrolled by her family? No then, I guess I haven't made any substantial contribution to the world. Great point. I haven't cured cancer, split the atom, or built a better mouse trap. Neither has anyone in this family. They own hotels and casinos. Explain to me how (aside from donating the proceeds from the sale of said businesses) anything this family has done has been a "substantial contribution to the world".
You need a ***** reality check. Paris got ***** on tape, and became famous for it. She parlayed that fame into making money. She's a full on idiot. Her family seems to agree with me.
No, it's not my money. The grandfather can do whatever he wants with it. I am agreeing with *his* decision to not give it to Paris. Apparently, he and I are in agreement that Paris is an embarrassment. By the way, it's not *your* money either.
And I don't "deserve" to judge her? I think you have no idea what deserve means. My dictionary defines it as "do something or have qualities worthy of reward or punishment". That being said, I stand by my original comment: she does not have any qualities that are worthy of reward, and therefore does not deserve the money.
Do us all a favor and think before you open your stupid ***** ***** holster.
- dema, on 12/27/2007, -1/+16It's an easy decision when it's between a charity that can put the money to good use and a ***** slut.
- PixelCloud, on 12/27/2007, -17/+4You don't 'deserve' to judge someone that way. It's not YOUR money either, Barron is doing a very GOOD THING. Donating 2 231 000 000 is not an easy decision to make (or i can imagine). When is the last time you made a substantial contribution to the world?
- 2shae, on 12/27/2007, -0/+6Not only that but the Hilton family is still making money so that $69 million will grow larger again.
- Noonward, on 12/27/2007, -10/+14I'm going to be honest here she hasn't done anything morally wrong and she is just a normal retarded girl what's the problem? Doesn't make her useless.
I just have problems with people being so susceptible to groupthink and not logic.
Her 'usefullness' is not a factor in her being her grandfathers granddaughter.
Don't be a ***** idiotic *****. She's a retarded slut, so? Shut up.- lsatkins, on 12/27/2007, -1/+3I agree. Plus her grandfather inherited his fortune from his father and now he decides to not let his heirs inherit money. That sounds pretty *****.
- grgt1994, on 12/27/2007, -0/+4Actually, her grandfather was disinherited by his own father, who left his fortune to charity. Gramps then spent the majority of his life suing his father's estate and his father's charitable foundation.
- ZekeTsurai, on 12/27/2007, -2/+3She doesn't deserve to have that money. I mean what has she done to deserve it? Honestly. With all the ***** she's done, you can't possibly believe she'll keep the Hilton name as prosperous as it was before she stepped into the limelight. In my opinion, she'd just run it all into the ground. At least with him donating it to charity, he KNOWS it will be put to good use. Her "usefulness" IS a factor, a factor of whether or not that money will be used for good purposes.
- grgt1994, on 12/27/2007, -1/+1Why do you care how this family spends their money? It's not your money.
- XopherMV, on 12/28/2007, -1/+1It's not your money either. Why do YOU care so much that she get it?
- mlvassallo, on 12/27/2007, -1/+17I think driving while intoxicated falls on my morally wrong scale. It endangers lives of others so it is more than just plain old stupidity.
- jgzman, on 12/27/2007, -3/+3Personally, I object to anyone inheriting that kind of money. I consider it a detriment to society.
I would say no more than 100 million inheretance, per child, the rest must be returned. Charaties and suchlike could work wonders with that kind of cash. Heck, with this money, we might even be able to make real progress against homelessness and poverty in this country.
Of course, he's donating it to a charity that helps starving people in other countries. That's good too. With that kind of money, those folks might be able to make a life, and enjoy some kind of success.- grgt1994, on 12/27/2007, -1/+9I object to you or anyone else voting someone else's pocketbook.
- Lythium, on 12/27/2007, -1/+4I'm willing to bet that jgz never has to worry about reaching his self-imposed cap... For obvious reasons, people who would actually have to _give up_ the cash seldom make suggestions that smack of socialism.
- XopherMV, on 12/27/2007, -2/+2That's a great idea. There's absolutely no reason a family can't live on $100,000,000. Hell, they can still make 10% a year on the stock market or $10,000,000 per year. They can live on the interest alone.
The rich benefit way more than anyone else for having a stable society. They benefit from educated workers for their businesses, they benefit from a police force which discourages theft and keeps them safe, they benefit from fire departments which prevent their mansions, warehouses, and offices from burning down, and they benefit from the military which prevents foreign nations from coming over here and throwing them in the street. The rich should pay more than the rest of us, DESPITE the fact that they can afford to pay more in taxes than anyone else. - heypetray, on 12/27/2007, -1/+1sounds socialist to me. Capitalism is all about having no limit to wealth
- XopherMV, on 12/28/2007, -0/+1Yeah, and what's wrong with socialism? Europe is mostly socialist and they're kicking our ass on just about every measure of what makes a country great. The dollar is in the tank, but the Euro is doing great. Our schools blow, but theirs are terrific. Their roads and infrastructure are the best in the world while our roads and bridges literally fall apart. Their workers are educated and skilled and intelligent while ours are, well, look in the mirror.
Socialism in the US during the 1930's and 1940's made us great as a country in the 1950's after capitalism pushed us into the Great Depression in the 1920's. We really need MORE socialism, not less.
- grgt1994, on 12/27/2007, -1/+9I object to you or anyone else voting someone else's pocketbook.
- dema, on 12/27/2007, -1/+2As miva mentioned, the whole drunk driving thing. And apparently you haven't seen many of her "leaked" videos, i've seen enough coke in them to be convinced she's pretty much a stupid immoral whore.
- NYCTulanian, on 12/27/2007, -0/+1how is coke immoral to you?
- syncosoftkerala, on 12/27/2007, -0/+1Cocaine; not Coca Cola.
- NYCTulanian, on 12/28/2007, -0/+1indeed, cocaine. How is it immoral?
- hurben, on 12/28/2007, -0/+1They have the 'drug-fear'
- NYCTulanian, on 12/27/2007, -0/+1how is coke immoral to you?
- lsatkins, on 12/27/2007, -1/+3I agree. Plus her grandfather inherited his fortune from his father and now he decides to not let his heirs inherit money. That sounds pretty *****.
- monospaced, on 12/27/2007, -3/+3You mean, Paris' grandfathers' CHILDREN will inherit millions. Where did you all get the idea that inherited money skips entire generations? Paris' father is getting royally ***** on this one. Paris will inherit whatever he's able to pass on in the next thirty or forty years until he dies. And it will be a lot.
- cranium, on 12/27/2007, -0/+4- Where did you all get the idea that inherited money skips entire generations? -
It happens all the time. Using a will, people can leave money to whoever they want to, a lot of people leave money to their grandkids.
Where did you get the idea that people can only leave money to their kids?
- cranium, on 12/27/2007, -0/+4- Where did you all get the idea that inherited money skips entire generations? -
- robbob, on 12/27/2007, -4/+1I'm no Paris fan but--that "useless moron" has generated more money for herself and others in the past 5 years than you will ever do in your lifetime
- XopherMV, on 12/27/2007, -0/+8... And she was able to do that because she was ALREADY rich.
- Cayfox, on 12/27/2007, -0/+2Like they say, you've gotta spend money to make money. And the more money you have to spend... well you see where I'm going with this. Most smart, hard-working small business owners and entrepreneurs can't afford to purchase a music or modeling career right off the peg.
- heypetray, on 12/27/2007, -0/+1You don't need money to make money. You need assets. Assets aren't always monetary.
- XopherMV, on 12/28/2007, -0/+1Paris certainly used her ass-ets to make money. That porno tape made everyone check out the Simple Life.
- ThreeDee912, on 12/28/2007, -0/+1Dugg for 69?
- PasteEater, on 12/27/2007, -4/+71Yeah, but that $69 million doesn't all go to her. So, she'll be rich, but not buy-your-own-island rich.
- iraq, on 12/27/2007, -4/+66A lesson learned to spoiled brats everywhere. Good for gramps.
- banmaster, on 12/27/2007, -8/+3Huh? The bitch still gets almost $70m!
- saisumimen, on 12/27/2007, -0/+2False. That gets divided between the other kids as well. Not to mention whatever she does end up getting is heavily taxed.
- monospaced, on 12/27/2007, -0/+3That bitch's FATHER (son of said grandfather and subject of article) will get a PORTION of that diminished inheritance. Paris, on the other hand, will inherit what her FATHER is worth (maybe) in the next thirty or forty years. Sure she'll end up with less, but this isn't really Paris' inheritance we're talking about, it's Conrad's children's.
- banmaster, on 12/27/2007, -8/+3Huh? The bitch still gets almost $70m!
- IMJGalt, on 12/27/2007, -6/+400
- Stettenbauer, on 12/27/2007, -0/+64Yes ,it's a way to avoid inheritance tax which would have been almost 40%.
- wipis, on 12/27/2007, -0/+28Exactly. A guy I know in the music business was talking about how some singers have a large amount of their property owned by their own charities. All then need to do is host a fund raiser or two in their house and loan out their limo and the rest is paid tax free. And regardless of her inheritance she already has millions from daddy, endorsements, modeling, acting, music, and tied up in investments, bonds, and stocks. When your as rich as she was at birth all you need is a good accountant to stay rich.
- AriaStar, on 12/27/2007, -0/+2Paris can act? And sing?! Since when?
- GhostyBoy, on 12/27/2007, -0/+28Damn. And here I thought that Paris Hilton was going to regress into some kind of under-educated half-witted attention whore.
- databoy, on 12/27/2007, -1/+29If a trust account, charity, foundation, non-profit corporation is set up correctly, then the principle is never spent.
$2.3 billion at 10% simple interest per annum is still a lot of spending money. Invested correctly the principle will grow exponentially over time.
All wealthy people have some sort of tax charity. You have either two choices pay an exorbitant amount of tax or set up a tax charity. Anyone who believes that some of the well known international charities are actually majority benefiting underdeveloped countries still believe in the tooth fairy. 90% goes into operational costs 10% goes to the cause. That 10% is the distributed profit margin after tax that profit making corporations pay out in dividends. - Vazel, on 12/27/2007, -0/+14Thanks for enlightening us imj and databoy. I find this fascinating.
- mwhite114, on 12/27/2007, -5/+2For a 'tax dodge' it appears to be donating an enormous amount of money to good causes - http://www.hiltonfoundation.org/reports/16.pdf. In fact their grants appear to be the amount that you'd expect a charity with their capital to donate yearly.
- awhiteflame, on 12/27/2007, -0/+1See Page 12.
- JoeVet, on 12/27/2007, -0/+1Appearance is enough to fool most people.
- crackedlogic, on 12/27/2007, -0/+2so paris will become the Maude Lebowski of the Hilton family?
- grgt1994, on 12/27/2007, -2/+1What does it matter who "controls" the funds? The ONLY beneficiaries of a charitable foundation are charitable causes. In other words, no funds from a charitable foundation benefit the family that funded it.
- Lixie, on 12/27/2007, -1/+7If only that were true. The charity can own the home they live in, making their $10ml property a tax free property, and they can claim giving money to "think tanks" as charitable donations. Which "think tanks" you ask? Why the ones owned and operated by their own children and friends. And that's what they do with the 5% they actually donate.
The other 95% percent is spent on operation costs. Presiding over a the North American Spotted Woodpecker Preservation Fund and hosting it's once a year charity dinner is a tough job, $9.5ml yearly salary is only fair.- grgt1994, on 12/27/2007, -1/+2Incorrect. A private foundation must qualify as a charity. The expenses you suggest would disqualify it, and subject the original transfer to transfer taxes, penalties and interest. Plus, the tax fraud would send the foundation directors to jail, all of em.
Digg me down, but I speak truth.
- grgt1994, on 12/27/2007, -1/+2Incorrect. A private foundation must qualify as a charity. The expenses you suggest would disqualify it, and subject the original transfer to transfer taxes, penalties and interest. Plus, the tax fraud would send the foundation directors to jail, all of em.
- Lixie, on 12/27/2007, -1/+7If only that were true. The charity can own the home they live in, making their $10ml property a tax free property, and they can claim giving money to "think tanks" as charitable donations. Which "think tanks" you ask? Why the ones owned and operated by their own children and friends. And that's what they do with the 5% they actually donate.
- Motodog, on 12/27/2007, -7/+5BAN TAXES! Ron Paul 08
- thentro, on 12/27/2007, -1/+6WHY DO YOU PEOPLE ALWYS USE CAPS?
- Bamborzled, on 12/27/2007, -1/+3Get out.
- XopherMV, on 12/27/2007, -3/+1BAN RACIST, WHITE-PRIDE, ANARCHIST RON PAUL IDIOTS!
- hurben, on 12/28/2007, -0/+3Who's RON PAUL?
- sajnikanth, on 12/27/2007, -3/+110Seems to be like a tax evasion plan. It wouldn't matter to her though, as she can always mint money by simply opening her ....mouth (??).
- PixelD, on 12/27/2007, -2/+39we call those prostitutes
- cfuse, on 12/27/2007, -0/+5No, they have more class. Paris is a cum dumpster.
- aussieNickuss, on 12/27/2007, -1/+12Mouth AND other orifices.
- charlie55, on 12/27/2007, -8/+7i dont understand this meme that paris hilton is a whore. dont you people know any women? they *****! everyone *****! grow up!
- fergl, on 12/27/2007, -5/+10Well, she got famous with that tape of her having sex with her boyfriend, but then she managed to take that fame and actually do something with it, to become a model, singer, actor, author, reality tv show star, and fashion designer. So, as you can see, she's quite stupid and has never worked a day in her life, and therefore, is a whore.
- saisumimen, on 12/27/2007, -1/+5Damn, why are there so many people defending Paris on the Internet these days? Is her PR firm ghosting accounts on blogs now?
- XopherMV, on 12/28/2007, -0/+1She turned a sex tape into a lucrative "career". Selling sex for money makes her a whore.
- hurben, on 12/28/2007, -0/+1You can always cut more orifices too! Like Attila the hun..
- charlie55, on 12/27/2007, -8/+7i dont understand this meme that paris hilton is a whore. dont you people know any women? they *****! everyone *****! grow up!
- emoj0388, on 12/27/2007, -1/+5legs maybe?
- poidh, on 12/27/2007, -2/+2Tax avoidance actually.
- Sererena, on 12/27/2007, -3/+0Tax avoision.
- Lythium, on 12/27/2007, -0/+2*Evasion (though "avoision," by virtue of making me giggle every time I hear it, is my new word of the day.)
- poidh, on 12/27/2007, -1/+4OK I'm getting Dugg down. Probably because knowledge of tax affairs is not common.
Tax avoidance is a legal way of paying less tax.
Tax evasion is an illegal way of doing so.
Paris Hilton's grandad is using a legal (albeit perhaps an immoral) way of paying less tax on his estate, hence it is tax avoidance not tax evasion.
I bet I'll still get Dugg down though, lol.- poidh, on 12/27/2007, -2/+1Hey maybe I won't get Dugg down after all. I'm at +2 at the moment. Woohoo!
- Sererena, on 12/27/2007, -3/+0Tax avoision.
- PixelD, on 12/27/2007, -2/+39we call those prostitutes
- reeder, on 12/27/2007, -3/+5497% goes into a trust fund that is run by the family, who will freely distribute it as they see fit, and to whom as well.
- grgt1994, on 12/27/2007, -3/+2Incorrect.
- JoeVet, on 12/27/2007, -4/+1Correct...its called "operating expenses" and its how all the wealthy avoid taxes. The Bill Gates foundation is no different. It is set up for his kids to "manage".
- grgt1994, on 12/27/2007, -0/+1Where do people get this *****? A charity can only benefit charity (i.e., the public good). The operating expenses can only be reasonable business expenses for services provided. If the family can provide the charity $100MM of services a year, then they get paid for that. But in reality, that just doesn't happen. The family get to sit on the board and get paid $2,500 a piece per year for attending one meeting. That's all. No percentage. No rent free real estate.
The Gates foundation is not a tax avoidance ploy. It's simply a statement by Bill that the government is incompetent at managing the funds the IRS (Congress) would rape from his family through estate tax. So better to let a foundation manage those funds for the public good. The truly disturbing side of this story is that the mega rich (who are in the best position to know) have concluded that our government is so corrupt, incompetent, and inefficient, that it's better to disinherit your own blood than let a dime fall into the government coffers.
- grgt1994, on 12/27/2007, -0/+1Where do people get this *****? A charity can only benefit charity (i.e., the public good). The operating expenses can only be reasonable business expenses for services provided. If the family can provide the charity $100MM of services a year, then they get paid for that. But in reality, that just doesn't happen. The family get to sit on the board and get paid $2,500 a piece per year for attending one meeting. That's all. No percentage. No rent free real estate.
- JoeVet, on 12/27/2007, -4/+1Correct...its called "operating expenses" and its how all the wealthy avoid taxes. The Bill Gates foundation is no different. It is set up for his kids to "manage".
- grgt1994, on 12/27/2007, -3/+2Incorrect.
- whatthefu, on 12/27/2007, -10/+1He still has like $69 million left after that.
- Lythium, on 12/27/2007, -0/+1No, he still has the full amount left. Once he _dies_, and is no longer in need of that money, $69M (or whatever the actual amount will be at the time of his death) will be distributed between his heirs.
- masterm1nd, on 12/27/2007, -2/+17Hmmm, I would have liked to see some sort of Billy Madison style deal... but hey, I'm still happy.
- Elranzer, on 12/27/2007, -0/+13You assume she could pass the 1st grade all by herself??
- banmaster, on 12/27/2007, -0/+8I was thinking the same, but instead of passing 1st grade she just has to keep her mouth and her legs shut for a year.
- EntropyGun, on 12/27/2007, -2/+122At least she still has her training as an astrophysicist to fall back on.
- JigsawX, on 12/27/2007, -0/+14You could bet that Last 3% of the money she could not even spell astrophysicist let alone Cat or Hat :)
- Ouze, on 12/27/2007, -2/+8I see what you did there.
- andyd273, on 12/27/2007, -0/+3Maybe she'll just have to stay at a Holiday Inn Express.
I hear that works wonders. - TitaniumJackal, on 12/27/2007, -0/+3I can totally picture this.
"The surface of the sun is nearly 10 million degrees -- That's Hot!"
- gregsmamma, on 12/27/2007, -3/+10you're fooling yourselves if you think she isn't getting anything!
- djgump35, on 12/28/2007, -0/+1Oh I think she is getting plenty......(HBK line coming) and she is getting it ALL NIGHT LONG........
- SniperXPX, on 12/27/2007, -9/+4Looks like MrBabyMan will be on diggnation once again for his submission.
- banmaster, on 12/27/2007, -1/+6You mean the submission he saw someone else submit and then quickly copied it and his mindless drone fans dugg HIS one up instead of the original poster's one?
Oh well, at least he isn't using that ***** green avatar any more.
- banmaster, on 12/27/2007, -1/+6You mean the submission he saw someone else submit and then quickly copied it and his mindless drone fans dugg HIS one up instead of the original poster's one?
- ienjoythebeach, on 12/27/2007, -7/+2wah wahhhhhhhhhhhh
good for him - ronpaul20008, on 12/27/2007, -17/+4that's the biggest tax scam in the world, next to a "presidential library" it's just a huge tax dodge. ok, now there's a tax free charity of billions of dollars... now they have billions of dollars & no taxes to pay. gates foundation . same thing.. you think they're helping the world? look at the world, it's a disaster, more so than ever before.. nobody is being helped, trust me.
- arcooke, on 12/27/2007, -2/+7Trust you? Psh... You think the election is in the year 20,008.
- chiller2002, on 12/27/2007, -1/+3And isn't Ron Paul the guy that wants to get rid of the IRS anyways? So why the hell do you care if this is a way to avoid taxes?
- dadm110, on 01/03/2008, -0/+1Zing!
- banmaster, on 12/27/2007, -0/+3Hes right about it being a tax dodge thougth (wrong about the work that the B&M Gates one does though).
- Qtip42, on 12/27/2007, -7/+39She's made millions on her own, I don't think it matters. She's got name recognition, a decent body, and millions of her own money.........what more could she ask for?....
- PixelD, on 12/27/2007, -2/+33No VD?
- Rodalli, on 12/27/2007, -5/+56Intelligence? Self-fulfillment? True love? Happiness? Something to mend the gaping fissure in her soul that causes her to go out partying in an attempt to fill her ever-expanding hollow with drugs, booze and strange penises?
- mahler, on 12/27/2007, -1/+8There's always time for that, when she runs out of money and a decent body...
- Eallan, on 12/27/2007, -2/+12Eloquent.
- Wade, on 12/27/2007, -7/+2I believe you mean 'Eloquence'.
- awhiteflame, on 12/27/2007, -1/+5No, he didn't.
- su1man, on 12/27/2007, -2/+2Ignorance is bliss
- alex1024, on 12/27/2007, -3/+2Yeah, I think Paris is not as dumb as the character she plays on TV. She's managed to make millions of dollars herself by generally partying and acting like an *****. Now, she couldn't have done that without already being incredibly rich because of her family. I guess it still takes money to make money.
- Berkana, on 12/27/2007, -0/+1That doesn't mean she's not dumb; it just means there are millions of others out there dumber than her, or if not, millions of others out there who find her dumb act entertaining.
- jonr, on 12/27/2007, -6/+1me?
- orlyfactor, on 12/27/2007, -0/+18A brain.
- PatoLucas, on 12/27/2007, -0/+12Dignity
- OrderedChaos, on 12/27/2007, -0/+10Respect from her peers?
- cfuse, on 12/27/2007, -0/+12A swift death, oh hang on - that's what I want for her.
- Testiculese, on 12/27/2007, -0/+9A face that doesn't make me gag?
- Qtip42, on 12/27/2007, -0/+1I already knew the answer, this was sorta a setup :D
- saphyrre, on 12/27/2007, -0/+2Everything else except money?
- JlmAWP, on 12/27/2007, -3/+8The first thing that popped in my head was that "bankrupt" sound on Wheel of Fortune.
- b8man99, on 12/27/2007, -4/+9Nice gesture. Doesn't make up for Paris though.
- Velnich, on 12/27/2007, -0/+1Yah, there's no way a couple billion dollars could ever make up for a socialite ruining her own image. Hiltons for generations to come will be suffering the burden and feel the shame brough on them by the one called Paris.
- smacksaw, on 12/27/2007, -6/+1One page:
http://www.reuters.com/article/entertainmentNews/i ...
Sounds good to me. She doesn't need it anyway. What...3% of the 2.6 billion is like 80 million, right? At least the foundation will do good works with the other 97% of the money.- banmaster, on 12/27/2007, -1/+5Like, um, dodging taxes? Yeah, I guess they'll do that.
You're mad if you think a single cent will ever reach its way to a 'real' charity though. - JoeVet, on 12/27/2007, -0/+1You can fool some of the people all of the time.
- expatcatalyst, on 12/27/2007, -0/+2$69 million to be exact....
- banmaster, on 12/27/2007, -1/+5Like, um, dodging taxes? Yeah, I guess they'll do that.
- Abominous, on 12/27/2007, -2/+8So if really happens I guess we'll see Paris starring in porn.
- Zlorp, on 12/27/2007, -1/+7thats already happened
- bjornski, on 12/27/2007, -0/+4And if that's the quality of the porn that she'd be releasing, she'll die poor.
- clyde2801, on 12/27/2007, -0/+12New to the internet, huh?
- diggdowner, on 12/27/2007, -0/+2Keri Sable has a Paris Hilton thing going on. She has the same SSS look (slim, shallow, and slutty)
- Zlorp, on 12/27/2007, -1/+7thats already happened
- Panda200x, on 12/27/2007, -3/+4pwnt
- Incidents, on 12/27/2007, -4/+34Paris Hilton has had more men lodged inside of her than a Japanese subway at the business district in rush hour.
- Zlorp, on 12/27/2007, -9/+2and yet Id still ***** her... and so would you
- MJDub, on 12/27/2007, -0/+3I wouldn't even ***** her with your dick.
- Stettenbauer, on 12/27/2007, -2/+8agreed .......even just for the bragging rights.
- Elranzer, on 12/27/2007, -0/+12I think you have more bragging rights to claim you HAVEN'T ***** Paris Hilton.
- Zlorp, on 12/27/2007, -9/+2and yet Id still ***** her... and so would you
- Zlorp, on 12/27/2007, -6/+1Pwn3d
- SpyDerMann, on 12/27/2007, -0/+3Even better: Dispwn3d!
- iblaine, on 12/27/2007, -1/+5This is old news. Paris will not get the billions she may have been due. Paris will get (if she does not have this already) ~$50 million and that has always been due to her. She will by no means be broke.
- vernsan, on 12/27/2007, -0/+1She's never been broke. Somehow she's managed to take care of her financial assets pretty good from what I've read.
- BlackTye, on 12/27/2007, -2/+22"Do we care? Are we caring about this?"
- rebelbranch, on 12/27/2007, -1/+3Dugg for Serenity reference
- doyoulikeworms, on 12/27/2007, -7/+1Man, this needs to be turned into an "OWNED" meme or something.
- serpentor, on 12/27/2007, -2/+2Paris makes millions from her product endorsements, so it's not like she's going to the poor house.
Props to Grandpa Hilton for the act, very nice to see billionaires like him, Gates, Turner, & Buffet give much of their fortunes to charity.- dadioflex, on 12/27/2007, -0/+2Which is confusing me. Nobody seems to doubt the B&M Gates Foundation which gets the bulk of Gates and Buffett's wealth so is it definitely a tax dodge by Barron Hilton?
Props to Warren Buffett for giving the money to his friend's existing charity rather than doing the egoboo and setting up his own. Probably a nod to the work Gates has done actually researching the problems he want to tackle.
I missed the Ted Turner donation and that was good of him. Doesn't really payback colorising It's A Wonderful Life though.
Richard Branson is also donating a chunk of money to green fuels.
- dadioflex, on 12/27/2007, -0/+2Which is confusing me. Nobody seems to doubt the B&M Gates Foundation which gets the bulk of Gates and Buffett's wealth so is it definitely a tax dodge by Barron Hilton?
- j1ggy, on 12/27/2007, -7/+2I have 3 words to say: HA HA HA.
- twrife, on 12/27/2007, -0/+1ur doin it rong
- EldenChang, on 12/27/2007, -3/+4Why is this making the news?
Any news, good or bad will boost Paris
Just be quiet about this- bjornski, on 12/27/2007, -2/+1Unsubscribe from " All » Entertainment » Celebrity " and quit whining about it.
- captoftheworld, on 12/27/2007, -7/+2Like, O MY GAWD!!!
- captoftheworld, on 12/27/2007, -8/+2Like, O MY GAWD!!!
- pentak, on 12/27/2007, -7/+2Sweet - now she can donate her quim to my famished dork - a ***** ha ... ha
- Murrabbit, on 12/27/2007, -2/+9Well It's just a good thing that she's so skilled and intelligent, I'm sure she'll be able to make a fine living all on her own.
- banmaster, on 12/27/2007, -0/+6As a truck-stop cum-receptacle?
- dungbeetle, on 12/27/2007, -0/+1Sadly, enough young girls look up to her that she will have a free meal ticket for at least the next 10 years.
- shadowmoose, on 12/27/2007, -0/+5This better not be fake like the last one.
- michaelz92, on 12/27/2007, -0/+2paris has made alot of her own money. She done reality shows and probably modeling for some kind of designer clothes, i really don't think she is stressed for money
- RandomGorilla, on 12/27/2007, -0/+25"And to my granddaughter, Paris, I leave... a boot to the head."
- Salgat, on 12/27/2007, -0/+1Doesn't matter, she's a celebrity whose products and endorsements make her millions of dollars a years. The only difference now is that her lifestyle will stay the same, instead of explode into some billion dollar lifestyle.
- gdaerin, on 12/28/2007, -0/+1It does matter to her I'm sure. How would you feel if your grandfather gave away almost the entire family fortune because he was embarrassed by You?
- Salgat, on 12/27/2007, -0/+1Doesn't matter, she's a celebrity whose products and endorsements make her millions of dollars a years. The only difference now is that her lifestyle will stay the same, instead of explode into some billion dollar lifestyle.
- method77, on 12/27/2007, -1/+2"ohh don't feel bad..."
"feel better now?"- fishbert, on 12/27/2007, -1/+2?
- method77, on 12/27/2007, -0/+2Letterman
http://www.youtube.com/watch?v=ZKSxHYK_wfs
- method77, on 12/27/2007, -0/+2Letterman
- fishbert, on 12/27/2007, -1/+2?
- BeyondGoodNEvil, on 12/27/2007, -15/+5You know what? I don't like these rich people giving their wealth to charity. I'd greatly prefer them just reduce their prices so we the customers, the ones who made them rich, get the benefit. Gates has been charging us all $Texas for his ***** OS, then blows it giving to random people. He's free to do it, but I don't do business with MS or Hilton or Buffet's companies after I find out stuff like this. It's just a case of guilty rich blowing their money on the poor to increase their public perception. If they really wanted to help society, they should have just charged a lower price for their goods so we would retain that wealth. I guarantee the money would be better used by the middle class than the poor.
- databoy, on 12/27/2007, -1/+4Quit complaining; if you were in the same financial position you would do the same.
- LayLadyLay, on 12/27/2007, -1/+6your already ***** argument was completely ***** up when you mentioned Buffet.
- gdaerin, on 12/28/2007, -1/+1haha nice
- bahamutxd, on 12/27/2007, -0/+2Yeah, because curing cancer, attempting to end world hunger, and eradicating other diseases is overrated.
- BeyondGoodNEvil, on 12/28/2007, -0/+1No, I'm speaking of Gates' giving $ earmarked for minorities. It's blatant discrimination and I won't give his company another dime. Buffet invests in ***** companies like Coca Cola and Dairy Queen, fast food crap for the masses. Hilton hotels are absurdly overpriced etc.
- casinogirl, on 12/27/2007, -1/+1it doesn't really fix nothing, she still being rich and do the things she want as a young rich girl
- gdaerin, on 12/28/2007, -0/+1She won't be young forever, and then she'll just be a Complete embarrassment to her family, well actually, apparently she already is!
- chiller2002, on 12/27/2007, -4/+3"That's not Hawt" ::pouty face::
- AAjax, on 12/27/2007, -5/+3Thats Hot
- gdaerin, on 12/27/2007, -2/+6lol randomgorilla
ok, I'm going to take a stance here, this definitely is news. Grandpa Hilton is right, Paris Has tarnished their name, so much so that I wasn't even aware there was anybody in the family with any brains at all. I just assumed they were all inbred idiots, I mean, how do you raise a daughter like her?
I totally agree with Barron, leaving billions of dollars to poor people is a much better legacy than Paris and will definitely overshadow her in the long run. - databoy, on 12/27/2007, -8/+2There are two types of people in the world. Those who know how to make money and those who complain about people being financially successful.
- bxblox, on 12/27/2007, -1/+30legal tax evasion...
- LeeSoong, on 12/27/2007, -8/+6QUICK ! Everybody change their name to "Charity"!
We're all gonna be rich, and tax free, too! - rogerbly, on 12/27/2007, -3/+7Nikki was making good $ modeling for Fords and Trump Modeling well before 2001 when most first head of her and her $500 Million trust fund. She has Millions besides the trust. And we recently learned that she makes $30-$50K just to show at clubs to party... good pocket change.
- slantyeyed, on 12/27/2007, -0/+5but i wonder how much they spend every day?
- kainnation, on 12/27/2007, -1/+2Karma sucks
- wrathofg0d, on 12/27/2007, -0/+2Donating to self-run charities by incredibly rich individuals with non-disowned heirs is tax evasion and I can't believe people honestly think its really going to "charity". Get a clue.
- kalrhael, on 12/27/2007, -0/+2Doesn't really matter, as much as I loath Paris Hilton, she's made millions upon millions by herself, by far the wealthiest of all the Hilton siblings.
-
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