JOURNAL ARTICLE

Paris Hilton took out a mortgage on the $63 million mansion she bought from Mark Wahlberg. Here's why that's actually a smart financial decision.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lake, Sydney 3 of 3

Abstract

The article discusses the financial strategy of ultrawealthy individuals, exemplified by Paris Hilton, who took out a $43.75 million mortgage on her $63 million Beverly Hills mansion despite her substantial net worth of $300 million to $400 million. Experts explain that wealthy buyers often prefer to keep their cash liquid for higher-yield investments rather than paying for properties outright. This approach is not uncommon among other high-profile figures, such as Beyoncé and Elon Musk, who also utilize mortgages as a financial tool to enhance their overall wealth strategy. The article emphasizes that for these individuals, mortgages are viewed as a means to maintain liquidity and leverage rather than a financial burden. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Women's Studies and Feminism
  • Publication Date:2025
  • Accession Number:190556344
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