Paris Hilton is a New York-born heiress, socialite, model, actress, and entrepreneur who rose to prominence in the 1990s. She has a net worth of 300 million dollars as of the time of this writing.
Even though Paris Hilton is the great-granddaughter of Conrad Hilton, who is credited with founding the Hilton Hotel Group, she has made her own money through a highly lucrative endorsement and product empire that is particularly popular in foreign markets.
Her licensing business has grown to encompass retail stores all over the world that offer Paris-branded apparel, purses, perfumes, and other accessories and products. To date, she has endorsed 17 fragrances, which have collectively produced over $2 billion in gross sales income to date.
In truth, the majority of Paris' net worth can be attributed to the royalties she receives from the sale of her fragrances. A 20-30 percent portion of the revenues generated is expected to be given to her.
Costing Her Family Billions
As a result of his granddaughter's antics, Paris Hilton's grandfather, Barron, is said to have changed the provisions of his will in 2007 to leave 97 percent of his $4.5 billion wealth to charity rather than to his own family.
Consequently, instead of about two dozen people getting $4.5 billion ($190 million each person), those same people divided 3 percent of $4.5 billion ($4.5 billion divided among three people). That amounts to $135 million in total or almost $5.6 million per person.
She was born on February 17, 1981, in New York City to Kathy Hilton (a former actress and socialite) and businessman Richard Hilton (a former businessman and entrepreneur). She is the oldest of four children, one of which is the well-known socialite Nicky Hilton, who is also her cousin.
Her great-grandpa (on her father's side) was Conrad Hilton, the founder of Hilton Hotels, and she inherited this heritage. The family was constantly on the move, dividing their time between a room at the Waldorf-Astoria Hotel in Manhattan, the Hamptons, and Beverly Hills, among other locations.
She grew up in a social circle that included celebrities such as Ivanka Trump, Nicole Richie, and Kim Kardashian, among others. Michael Jackson's family was good friends with him, and they were frequently invited to his concerts.
She began attending the Professional Children's School when she was 15 years old and then spent a year at the Provo Canyon School for emotionally challenged kids following that. She eventually went on to acquire her GED.
She began working as a model while still in elementary school and was later signed to the T Management management company. She has appeared in several commercial campaigns, including work for prestigious agencies such as Ford Models and well-known brands such as Guess, Christian Dior, and Marciano, among others.
Her wild lifestyle and high-profile flings with actors such as Leonardo DiCaprio had garnered her media notice by 2001, and she was still modeling and chasing media attention.
In 2001, she was dubbed “New York's Leading IT Girl” for her work in the information technology field. After graduating from high school, Paris continued to model throughout her adult life. In January 2018, she posed for Kanye West's Yeezy 6 Collection, and she appeared in Phillip Plein's Plein Sport campaign in February 2019.
Sex Tape and The Simple Life
Paris Hilton and her then-boyfriend Rick Salomon were the subjects of an illicit sex tape that first appeared online in November 2003. Salomon then promoted and disseminated the video under the title “1 Night in Paris” in April 2004, making millions of dollars as the city of Paris filed a lawsuit against him.
It was reported that Hilton received $400,000 from the video as a result of the settlement reached outside of court. Hilton's first reality television show began three weeks following the release of the shocking footage.
Previously, she had collaborated with childhood friend Nicole Richie on the reality television show “The Simple Life,” which featured two socialites who attempted to make it in the “real world” by working blue-collar jobs and performing menial duties such as milking cows.
Fears were raised that the sex tape controversy would spell the death of the show before it had a chance to get off the ground and that people would turn against it, but the show went on to become a big hit.
As a result of her sex tape and her new reality program becoming well-known, additional opportunities began to present themselves: The Guess fashion house approached her and she agreed to feature in three foreign advertisements for the company.
She also appeared as a guest on “Saturday Night Live,” when Jimmy Fallon interviewed her about the Salomon tape scandal in a light-hearted manner. “The Simple Life” was a popular television show that ran for five seasons and was hailed for its sense of comedy and self-awareness.
Because of the show's success, Hilton became a key role in the rise of reality television in the early 2000s. With a variety of guest appearances on various programs and short film roles under her belt, Paris has amassed quite a resume.
“Confessions of an Heiress: A Tongue-in-Cheek Peek Behind the Pose” was written by Hilton in collaboration with novelist Merle Ginsberg and published in 2004. Despite being lambasted by critics, the book managed to make it onto the New York Times best-seller list.
Meanwhile, she was launching her perfume brand as well as a nightclub franchise in the same location. In 2005, she began working on creating her jewelry line, as well as releasing another book, “Your Heiress Diary: Confess It All To Me,” which was published in 2006.
Hilton founded her own record company in 2006, and the following year, she released her debut studio album, which was also titled, Hilton. When she first started DJing in the early 2010s, she was already well on her way to establishing herself as the highest-paid female DJ in the world, according to Time Magazine.
Persona and Media Presence
Much of the media coverage surrounding Hilton has focused on her image as a party girl heiress, as well as cliches such as “dumb blond,” “valley girl,” and artificiality, among other things.
In her one-liners, she would frequently use phrases that became well-known in pop culture, such as “that's hot,” which became her signature line. It's an image that is considered to be the result of a well-created act or a “brand,” and it proved an issue for her later in her career when she needed to be respected as a businesswoman.
Her “prime” years were between 2003 and 2009, according to certain accounts. According to the Huffington Post, 2007 marked the beginning of the end of her tabloid tyrannical reign. In the age of social media, Hilton has made a name for herself on sites such as Twitter and Instagram, where she has accumulated millions of followers.
In September 2006, Hilton was arrested and sentenced to probation for driving under the influence of intoxicating liquor. She went back to court a few months later when she was found to have broken her probation by driving while her license was suspended.
She was first sentenced to 45 days in prison, but her sentence was later reduced to 23 days in prison. She reported to jail on the night of June 3, 2007, having just returned from a performance at the 2007 MTV Movie Awards in Los Angeles, California.
A judge ordered her to be freed early after only three days owing to undisclosed health concerns (several sources claimed she was suffering from significant anxiety and panic attacks), but after being called back into court, she was forced to serve out her remaining sentence behind bars.
Throughout her career as a socialite, Paris has been coupled with and photographed with a slew of notable actors and musicians. Between 2002 and 2003, Paris was engaged to model Jason Shaw.
She was also intended to be married to Greek shipping heir Paris Latsis, but the couple divorced after only four months of marriage. Although she became engaged to actor Chris Zylka (who proposed with a $2 million diamond ring), the relationship dissolved in November of the same year.
Paris has been in a relationship with venture capitalist Carter Reum for some now.
Paris purchased a home in Sherman Oaks, a Los Angeles suburb, for $5.9 million in 2007. The residence was in a secured gated neighborhood. This is the house where the so-called “Bling Ring” broke into and stole valuables. She previously possessed a home in Beverly Hills valued at $6.2 million as well as a residence in the Hollywood Hills valued at $1 million.
In 2014, Paris purchased a $4.9 million penthouse in the heart of downtown Manhattan. Oceanfront property in Malibu, California, was purchased by Paris and Carter Reum for $8.4 million in August 2021.