"Considering Paris Hilton is worth an estimated $300 million to $400 million, it might seem odd that she reportedly took out a mortgage on her recent home purchase. Hilton, whose vast wealth comes from 19 product lines, real estate, media and entertainment, brand partnerships, and her reality show, The Simple Life, bought actor Mark Wahlberg's former estate in Beverly Hills earlier this year for a whopping $63 million."
"But what wasn't reported at the time was that Hilton and her entrepreneur husband, Carter Reum, reportedly took out a mortgage on the home, which might seem like an unusual move for the 44-year-old hotel heiress. And what's seemingly even more strange is they reportedly took out the loan after they had already bought the 12-bed, 20-bath home, which shows a $43.75 million mortgage with JPMorgan Chase at an interest rate of 5.25%."
Paris Hilton and her husband, Carter Reum, reportedly financed their $63 million Beverly Hills purchase with a $43.75 million mortgage from JPMorgan Chase at a 5.25% interest rate, reportedly secured after closing. Hilton's net worth is estimated between $300 million and $400 million from multiple businesses and media ventures. Real-estate experts characterize large mortgages by ultra-wealthy buyers as common and strategic. Wealthy homeowners often prioritize liquidity and use mortgage financing to keep cash available for higher-yield investments, tax optimization, or flexibility. Public records show other high-profile individuals also finance homes despite substantial personal wealth.
Read at Fortune
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