What is Paris Hilton's net worth? Socialite-businesswoman buys Mark Wahlberg's $63 million mansion after her Malibu home burnt down during LA fires

Entrepreneur and media personality Paris Hilton has recently purchased a mansion formerly owned by actor Mark Wahlberg for $63 million. The purchase follows the destruction of Hilton’s Malibu residence in the Los Angeles fires in January, which was captured on live TV.

Paris Hilton has a net worth of $300 million, according to Celebrity Net Worth. Hilton owns a multi-billion dollar company, as of which she owns 45 stores, 19 product lines which include skincare and lingerie, according to Variety. The publication also noted that Hilton’s business interests crossed $4 billion in global revenue as of 2021. Parade notes that Hilton’s product lines also include shoes, handbags, drinkware, and real estate.

According to Parade, Hilton has also invested in NFTs and launched a virtual reality program for her fans in 2023. The publication also notes that Hilton, who has launched close to 30 fragrances, has generated $3 billion in revenue.

Hilton’s reality television appearances have also contributed significantly to her wealth. Parade reported that Hilton’s reality show, The Simple Life, which ran from 2003 to 2007, earned her $5 million for one season. Hilton has also appeared in Paris Hilton's British Best Friend, Paris Hilton's Dubai BFF, and The World According to Paris.

About Paris Hilton’s new $63 million mansion

According to the Wall Street Journal, Hilton and her husband, Carter Reum, purchased the Beverly Park mansion, which was sold in 2023 by Mark Wahlberg to a company for $55 million. The property appeared on sale in March for $68 million.

The Wall Street Journal notes Hilton was represented in the sale by her brother and sister-in-law, Barron N. Hilton and Tessa Hilton of Hilton Hilton. The mansion is spread over an area of 30,500 square feet and has 12 bedrooms in addition to a guesthouse, a skate park, and a sports court. The sprawling estate also contains a five-hole golf course and an enormous pool with waterslides.

How much of Paris Hilton’s wealth is inherited?

Despite being the granddaughter of hotelier Barron Hilton of the Hilton Hotels fame, a majority of Hilton's wealth in not inherited. Hilton lost a significant portion of her inheritance when her grandfather pledged to donate a majority of his wealth to charity.

Paris Hilton and Carter Reum (Image via Getty)

As per The Guardian, Barron Hilton announced in 2007 that he would be donating 97% of his $2.3 billion wealth to the Conrad N. Hilton Foundation, founded by Paris Hilton’s great-grandfather. According to the publication, Barron Hilton had already made a $1.2 billion donation, with another $1.1 billion to be donated after his death.

Several media outlets speculated at the time that Barron’s decision was influenced in part by Hilton’s publicized arrest as well as the making and release of a s*x tape by her former boyfriend. At the time, Daily Mail noted that Hilton was motivated to build her own wealth, as she said,

“I'm developing my own hotels, casinos and clubs and getting into real estate. It's crazy at such a young age. I'm doing so much.”

Even in 2021, Hilton echoed the sentiment and, in a conversation with Variety, said,

“I was just having a meeting with my team yesterday and going over all of the businesses that we’ve launched in just the past year. It’s amazing that one person is doing so many different types of things.”

Hilton, in addition to her commercial ventures, is also a DJ, and in 2014, earned around $1 million for performing a set.

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Edited by Nimisha