Wednesday, January 18, 2023

Paris

Paris Hilton, a New York-born heiressand socialite, as well as an actress as well as an actress, model and an entrepreneur. She has a net worth more than $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 made her fortune via a lucrative endorsement and product empire that is particularly popular overseas. Her licensing empire today includes stores across the globe which sell Paris-branded clothes, handbags, perfumes and much more. She has so far endorsed 17 fragrances which have earned over $2 billion in gross revenues. In fact, the majority of Paris' wealth is due to her fragrance royalties. It is likely that she receives between 20-30 percent of the revenue. Paris Hilton's grandfather Barron was so depressed by his grandchildren's behavior, he changed his will in 2007 to leave 97% of his $4.5billion fortune to charities. Thus, instead of around two dozen people receiving $4.5 billion, which is $190 million per person, those same people split 3percent of $4.5 billion. This is a total of $135 million, around $5.6 million for each person. 



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