Tuesday, June 7, 2011

The Hiltons -- We Can Explain Our $10 Million Move!


FEAR NOT -- the Hilton family is NOT poor ... in fact, Paris' parents tell TMZ the fact they can take a $10 million equity line out of their Bel Air mansion shows they've still got TONS of cash.
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TMZ broke the story -- Rick and Kathy Hilton got approval for a $10 million credit line last month ... and we all wondered why the hell such a super-rich family would need the extra dough.

But yesterday at LAX. they explained the whole thing -- saying, "You do these things for investment purposes." Rick says the move is a "good thing" ... because, "That means we have a lot of equity in our home."

Tags: Kathy Hilton,?Paris Hilton,?Rick Hilton


Source: http://www.tmz.com/2011/06/07/paris-hilton-parents-rick-kathy-10-million-equity-line-money-borrowed-investing/

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