September 2, 2025 - 17:33

In a surprising yet strategic financial decision, Paris Hilton has opted to take out a mortgage on her lavish $63 million mansion, previously owned by Mark Wahlberg. This move has sparked discussions among financial experts who argue that financing such a high-value property can be a wise choice.
By securing a mortgage, Hilton retains liquidity, allowing her to invest her cash reserves in other ventures or opportunities that may yield higher returns. This approach contrasts with the traditional notion of purchasing real estate outright, which can tie up significant amounts of capital. Additionally, taking out a mortgage can provide tax advantages, as mortgage interest is often tax-deductible.
Hilton's decision reflects a broader trend among wealthy individuals who are increasingly leveraging their assets to maximize financial flexibility. As the real estate market continues to evolve, her choice demonstrates a keen understanding of financial strategy, positioning her to maintain both her luxurious lifestyle and sound investment practices.
May 1, 2026 - 20:33
Billionaire Illinois Gov. JB Pritzker would not fully self-finance a 2028 runIllinois Governor JB Pritzker is keeping his options open for a potential presidential run in 2028, but the billionaire Democrat is signaling he will not rely solely on his personal fortune to fund...
May 1, 2026 - 00:23
Alamar Biosciences to Report First Quarter 2026 Financial Results on May 8, 2026FREMONT, Calif., April 30, 2026 -- Alamar Biosciences, Inc., a company focused on precision proteomics and early disease detection, has announced it will release its financial results for the first...
April 30, 2026 - 04:50
Former Hawks finance chief gets 3 years in prison for embezzling millions from team, prosecutors sayA former chief financial officer for the Atlanta Hawks has been sentenced to three years and one month in federal prison after admitting to embezzling millions of dollars from the NBA franchise...
April 29, 2026 - 01:23
Starbucks Stock Jumps After Earnings and Revenue Beat Wall Street ForecastsInvestors are celebrating a much-needed turnaround as Starbucks delivered stronger-than-expected fiscal second quarter earnings on Tuesday, sending shares surging in after-hours trading. The coffee...