Paris Hilton is a New York born heiress, socialite, model, actress, and entrepreneur. At the time of writing, she has a net value of $300 million dollars. Paris Hilton, Conrad Hilton's great-granddaughter, is now a billionaire. She has a very profitable endorsement and product business that is particularly popular the world over. Today, her licensing empire includes international retail shops which sell handbags with the Paris brand, clothing and perfumes as well as other products. She has so far endorsed 17 scents which have earned more than $2 billion in gross revenues. The profits from perfumes make up for the majority of Paris's net worth. Paris is likely to receive between 20 and 30 percent share of the profits generated.Paris Hilton's father Barron was said to be so embarrassed of his granddaughters antics that he changed the conditions of his will, leaving 97 percent of his $4.5 billion fortune to charities instead of his family. So, instead of roughly two dozen people receiving $4.5 billion, or $190 million each, these same people split 3% of $4.5 billion. It's $135 million or $5.6 million per person.
Tuesday, January 17, 2023
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