Paris Hilton’s future life may be slightly simpler than she planned.

Now that her grandfather, Barron Hilton, made the shocking decision to give 97 percent of his wealth to charitable causes instead of his family, it seems Paris may need to rely more heavily on the profits she’s generating from The Simple Life DVD sales than on her inheritance.

Paris Hilton may be on her way to becoming the Kevin Bacon of her generation.

How is the celebrity jailbird related to private hedge fund baron Stephen A. Schwarzman?

Through Hilton hotels, of course. Schwarzman’s company, Blackstone Group announced yesterday that it would buy the hotel chain for $18.5 billion plus debt. Blackstone already owns LaQuinta Inns and LXR Luxury Resorts.