Paris Hilton’s grandfather, Barron Hilton, is so pissed off that the tart has sullied the Hilton name that he’s not only decided to cut Paris off from her expected $60 million inheritance (or $50 million, or $100 million, depending on who you believe), he’s cut off her entire extended family. None of his 11 grandchildren will get a penny, and when he kicks he plans to donate the entire billion he’s getting from the sale of the famed Hilton hotel chain to charity.

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.”

[From The Daily Mail]

Paris has two brothers Barron, 17, and Conrad, 13, along with sister Nicky, 23. I couldn’t find out much about her cousins who have also lost tens of millions each thanks to Paris’ fame-whoring antics, but her father Rick has five brothers and two sisters, so it’s clear that a lot of people are affected by this.

Paris has her giant hands in everything, and won’t be likely to suffer much from not receiving her inheritance. She’s trying to restart her music career and is taking voice lessons, and she just got a three year contract to represent teen-focused Bliss Diamonds.

She was estimated to have earned $7 million last year, and she’s expanding her empire, bragging that “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.” She got an incredible $10 million to do a sixth series of The Simple Life, $2 million for perfume in her name, and she has a line of purses, a cell phone game, an animated series coming out on MTV, and there’s surely a bunch of other crap she’s slapped her name on that I can’t be bothered to look up.

The Daily Mail says that her dad will be missing out on his inheritance, but that he “will not be short of money because of his property portfolio.”

It’s a good thing Paris is keeping so busy. The rest of her family is soon going to be coming to her for handouts.

Update: According to TMZ, this story is pure fabrication by The Daily Mail. They say Paris will inherit about $30 million, which is less than earlier reports. Who knows what’s true at this point.