Does Paris Hilton Own Hilton Hotels? Inside Her Multi-Millionaire Status (2024)

FAQs

Does Paris Hilton Own Hilton Hotels? Inside Her Multi-Millionaire Status? ›

While it's safe to say Paris didn't follow in her grandpa's footsteps of running a hotel empire, you may be surprised to learn that she does not even own them. According to The New York Times, The Blackstone Group purchased Hilton Hotels for $26 billion in 2007.

Hilton Hotels are now a stand-alone company. Hilton was founded by Conrad Hilton as Hilton Hotels Corporation in Cisco, Texas, in 1919 and had its headquarters in Beverly Hills, California, from 1969 until 2009.

Early career, Los Angeles / San Diego Chargers. Before joining his father in the hotel industry, Barron Hilton honed his business skills in a variety of entrepreneurial ventures.

Nicky's net worth is just over a tenth of her sister's enormous net worth, however. Paris has amassed immense wealth through her various business enterprises - including a highly lucrative perfume line - which have resulted in a personal fortune of at least $300 million (according to Celebrity Net Worth).

Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton Hotels, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, ...

He and his wife, Real Housewives of Beverly Hills icon Kathy Hilton, have earned themselves a total net worth of $350 million—which Paris and her siblings stand to inherit. But again, Paris doesn't even need their money 'cause....

After Buying Barron Hilton's $61.5 Million Estate, Ex-Google CEO Buys the 1970s House Next Door. Last May, former Google CEO Eric Schmidt plunked down $61.5 million to buy a historic Los Angeles estate owned by the late hotelier Barron Hilton.

So rather than inheriting about $181 million each, the Hilton family members would get $5.6 million each. It looks like Paris was entirely cut out of her dad's will, and she didn't get a penny from her grandfather.

When Barron died in 2019, he left 3 percent of his money to his eight grandchildren, his 15 grandchildren, and his four great-grandchildren, per Insider. The 3 percent came to around $135 million total, per Celebrity Net Worth. That's no small sum, though. Split evenly, Paris would get $5.6 million.

Nicky Hilton Rothschild, 37

She's done everything from fashion and cosmetics lines to jewellery and bags, earning her an impressive US$50 million on her own. But there's a twist: Nicky is probably the wealthiest Hilton, richer than all of them combined.

Does China own Hilton hotels? ›

HNA, a Chinese conglomerate whose interests include tourism and aviation, has acquired a 25-percent stake in Hilton Worldwide, one of a recent spate of hospitality-focused moves, which also includes the acquisition of Carlson Hospitality Group and minority stakes in both Red Lion Hotels Corp.

While it's safe to say Paris didn't follow in her grandpa's footsteps of running a hotel empire, you may be surprised to learn that she does not even own them. According to The New York Times, The Blackstone Group purchased Hilton Hotels for $26 billion in 2007.

With more than 584 hotels across six continents, Hilton Hotels & Resorts provides the foundation for exceptional travel experiences and values every guest who walks through its doors.

In 2011, Hilton began dating financier James Rothschild (born 1985), a member of the Rothschild family and only son of Amschel Rothschild. On August 12, 2014, Hilton became engaged to Rothschild.

Hilton, and Reum made their relationship official at the 2020 Golden Globes after-party. They tied the knot at a lavish wedding in November 2021. Here's everything to know about Carter Reum. Carter lives an impressive life as an Angel investor and businessman with a staggering net worth between $30 to $40 million.

The per capita income in Hilton Head Island in 2018 was $61,752, which is wealthy relative to South Carolina and the nation. This equates to an annual income of $247,008 for a family of four. However, Hilton Head Island contains both very wealthy and poor people as well.

Although the two Hollywood figures are still friends to this day, Kim Kardashian is now the richer one of the two thanks to her huge influencer empire.

Hilton bought a luxury hotel in Los Angeles in 1942. In 1946, the Hilton Hotel Corporation was formed. In 1949, Hilton bought the Waldorf Astoria for $3 million. He supposedly kept a photo of the hotel under the glass on his desk with the phrase "The Greatest of them All" written on it.

These institutions hold a total of 313,898,140 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, Pershing Square Capital Management, L.P., State Street Corp, Capital Research Global Investors, Principal Financial Group Inc, T.

Who owns the most Hilton stock? ›

He and his wife, Real Housewives of Beverly Hills icon Kathy Hilton, have earned themselves a total net worth of $350 million—which Paris and her siblings stand to inherit.

Adoption of the euro

The euro banknotes and coins were introduced in France on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'.

Experts weigh in on what they believe happened to Paris Hilton's missing pet pooch. What's been dubbed the “biggest dog hunt in Hollywood history” has come to a tragic end as experts believe Paris Hilton's pet chihuahua was snatched by a hungry coyote in the Hollywood Hills in Los Angeles, California.

Paris became an heiress due to her family being connected to the Hilton Group of Hotels. A chain of hotels that began with the purchase of a hotel in Cisco, Texas by Paris' great-grandfather, Conrad Hilton.

The current richest family in the world is the Walton Family with a net worth of $224.5 billion.

Hilton's loyalty program, Hilton Honors, has four tiers — Member, Silver, Gold, and Diamond. The highest tier, Hilton Diamond status, comes with the most benefits, including space-available room upgrades, a daily food and beverage credit, and elite gifting status.

Shangri-La, Aman, Banyan Tree and Mandarin Oriental are all Asian brands that have successfully established themselves internationally.

Finally, Hilton's values are presented in the acronym HILTON which stands for hospitality, integrity, leadership, teamwork, ownership, and now.

Who owns Hilton Hawaii? ›

New York City wears the crown as the world's top city with the most millionaires in 2023.

Other rich streets in Paris include Place Saint-Sulpice, Rue Palatine, and rue de Furstemberg, all located close to each other in the 6th arrondissem*nt. What is this?

Neuilly-sur-Seine

Neuilly is the most affluent residential area in France. It is valued for its immediate proximity to Paris' Porte Maillot, La Défense business district, Bois de Boulogne, the Seine, and the popular Île de la Jatte.

The largest hotel chain in the world is Marriott International, with a revenue of $20.77 billion. As of 2022, the global hotel industry has a market size of $1.5 trillion U.S. dollars.

Yes. Hilton Hotels & Resorts is a semi absentee franchise and allows passive ownership.

Marriott International

Blackstone Real Estate Advisors LP

Kathy Hilton has a $350 million net worth and that is higher than Kyle Richards's net worth. Kyle Richards has a $100 million net worth, according to Celebrity Net Worth.

While the family has several branches (including in Austria, France and England), David is the youngest heir to the collective Rothschild fortune valued somewhere between US$300 billion and US$400 billion, according to Celebrity Net Worth.

Did the Hiltons sell the Hilton Hotels? ›

The Blackstone Group bought Hilton Hotels for $47.40 a share, 40% more than its closing price the previous day. The deal included $7.5 billion in debt. At the time, it was the second largest transaction Blackstone ever made, and gave them ownership of nearly 4,000 hotels.

Kathy Is a Hotel Mogul

His grandfather, Conrad Hilton, created the chain and his father, Barron Hilton, was chairman, president and chief executive officer of Hilton Hotels Corporation until he died in 2019. Kathy and Rick's daughters are the current heirs to the company's estimated $16 billion in total assets.

Nicky Hilton Rothschild, 37

She's done everything from fashion and cosmetics lines to jewellery and bags, earning her an impressive US$50 million on her own. But there's a twist: Nicky is probably the wealthiest Hilton, richer than all of them combined.

HNA, a Chinese conglomerate whose interests include tourism and aviation, has acquired a 25-percent stake in Hilton Worldwide, one of a recent spate of hospitality-focused moves, which also includes the acquisition of Carlson Hospitality Group and minority stakes in both Red Lion Hotels Corp.

Kathy Hilton started making money through her acting career at a very young age. However, the real wealth came to her after she married the business tycoon Richard Hilton who is the founder of Hilton & Hyland, a successful real estate company.

The 18,000 square foot home is the "best of the best," Kathy says, and was predicted to come with a price tag of around $52 or $53 million.

Beyond making media appearances as herself and occasionally making cameos in films, she's also launched a retail empire and 29 perfume fragrances, which had made more than US$2.5 billion by 2018, per The Hollywood Reporter at the time. Hilton is also a high-paid DJ, previously earning as much as US$1 million a gig.