Paris Hilton is an heiress, socialite, model, actress, and entrepreneur who was born in New York. As of the time of writing, her net worth is $300 million. Paris Hilton is the great-granddaughter of Conrad Hilton, the creator of the Hilton Hotel Group. However, she has amassed her own money through a highly lucrative endorsement and product empire that is especially popular abroad.
Her licencing empire now comprises retail outlets across the world that offer clothing, handbags, fragrances, and more under the Paris name. To date, she has endorsed 17 fragrances that have produced gross sales of more than $2 billion. In fact, the majority of Paris’s net wealth is derived from perfume royalties. She probably receives a 20-30 percent cut of profits.
Costing Her Family Billions of Dollars
Barron Hilton, the grandfather of Paris Hilton, reportedly felt so ashamed of his granddaughter’s behaviour that he changed his will in 2007 to donate 97 percent of his $4.5 billion wealth to charity instead of his family. Therefore, instead of about two dozen individuals getting $4.5 billion, or $190 million per individual, these individuals will share 3% of $4.5 billion. This amounts to around $5.6 million per person.
Paris Whitney Hilton was born in New York City on February 17, 1981, to Kathy Hilton, a former actress and socialite, and Richard Hilton, a businessman. She is the oldest of four children, including Nicky Hilton, a well-known socialite. Conrad Hilton, her great-grandfather on her father’s side, created Hilton Hotels. The family divides their time between a suite at the Waldorf-Astoria in Manhattan, the Hamptons, and Beverly Hills.
She grew up in the same social circle as Ivanka Trump, Nicole Richie, and Kim Kardashian. Michael Jackson was a close friend of the family, and they were frequently invited to his concerts. She attended the Professional Children’s School at the age of 15, followed by one year at the Provo Canyon School for emotionally disturbed kids. She eventually received a GED.
She began working as a model when she was in elementary school, and T Management subsequently signed her. She has worked for a variety of commercial campaigns, including work for top modelling agencies such as Ford Models and for labels such as Guess, Christian Dior, and Marciano, among others.
In 2001, she was still modelling and seeking media attention for her wild lifestyle and high-profile relationships with men such as Leonardo DiCaprio. In 2001, she was dubbed New York’s Leading IT Girl. Paris has continued to model throughout her adulthood; she modelled Kanye West’s Yeezy 6 Collection in January 2018 and Phillip Plein’s Plein Sport campaign in February 2019.
Sexual Tape and Simple Living
In November 2003, an illicit sex tape of Paris and her then-boyfriend Rick Salomon appeared online. In April 2004, Salomon marketed and disseminated the movie himself under the title “1 Night in Paris,” making millions as Paris initiated a lawsuit. According to sources, the issue was settled out of court, and Hilton received $400,000 from the video.
Three weeks after the shocking footage was released, Hilton’s first reality television show debuted. She collaborated with her childhood friend Nicole Richie on “The Simple Life,” a reality show about two socialites attempting to succeed in the “real world” by working blue-collar jobs and performing menial duties such as milking cows.
There was concern that the sex video controversy would kill the show before it ever premiered and alienate people, yet the show went on to be a tremendous success.
She was invited by Guess to appear in three worldwide commercials, and Jimmy Fallon interviewed her jokingly about the Salomon video incident during her visit on “Saturday Night Live.” Five seasons of “The Simple Life” continued to receive high ratings and plaudits for its humour and self-awareness. The popularity of the show made Hilton a pioneer in the rise of reality television. Paris has appeared as a guest on numerous television programmes and in minor film parts over the years.