Paris Hilton, a New York-born heiress, socialite and actress as well as an actress, model and businesswoman. She is worth in excess of $300 million at the date of writing. Paris Hilton is the great-granddaughter of Conrad Hilton, the founder of the Hilton Hotel chain but has built her own fortune via a profitable endorsement and product business that is extremely sought-after in international markets. Her licensing empire today includes retail stores around the world which sell Paris-branded clothes, handbags, perfumes and much more. She has endorsed 17 fragrances, which have generated over $2 billion of sales up to now. The royalties she earns from perfumes are the largest portion of Paris' net worth. It is likely that she will receive a 20-30 percent cut of the revenues generated.Paris Hilton's grandfather Barron was so ashamed of the antics of his daughters that in 2007 he changed the provisions of his will, leaving 97% of his $4.5 billion fortune to charity , not his family. Thus, instead of around two dozen beneficiaries who will receive $4.5 billion, $190 million per person, these same people divided the remaining 3% of $4.5 billion. That's a total of $135 million, which is around $5.6 million for each person.
Wednesday, January 18, 2023
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