Paris Hilton has successfully ruined her entire family’s chance at $100 million in inheritance

July 30, 2007 | Filed Under Paris Hilton

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…not that she’s going to need it. In the latest news to be filed under “Headlines about Paris / Britney / Lindsay”, it turns out that Barron Hilton, that crazy old bat that still has a sizable stake in the Hilton chain, has decided that Paris’ antics have sullied the good Hilton name to the point that he’s decided to give his money to a private foundation instead:

Hilton senior, the only member of the family left with a sizeable stake in the huge hotel chain, has let it be known that he intends to donate to charity the �1 billion he will gain from this month’s sale of the company to private equity firm Blackstone.

The money will go to the Conrad N. Hilton Foundation, the charity set up in the name of the founder of the family business. The 79-year-old patriarch is said to have told his high-living family that he is cutting Paris loose – and for good measure his other 11 grandchildren, too, none of whom will now benefit from the windfall. Instead, he is determined to carry on the family tradition for philanthropy.

“He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris,” says Jerry Oppenheimer, the author of House Of Hilton, the biography of the clan. “He doesn’t want to leave unearned wealth to his family.”

In our opinion, stated heavily while Paris was in the clink, is that she won’t need it anyway. Paris (and her mother Kathy, who guides her financially) is a marketing genius and will make a crapload of money this and every year regardless:

After her well-publicised histrionics as she was driven to jail, it now appears that a spell behind bars could be the best career move she ever made.

U.S. sources confidently predict she will quadruple the $7 million the business bible Forbes estimates she earned last year.

Funny, remember when we said this on June 10th?

Which, I might add, is what I mentioned last week. She will make an absolute shitload off of this trip to prison and she�s already owning the media left, right and center. Masterful job Pee-Hilt!

Told you so, bitches.

Update: TMZ is reporting that this inheritance thing might be a crock of shit. Check it.