• Home
  • BUSINESS
  • ECONOMY
  • FINANCE
  • LIFESTYLE
  • MILLIONAIRE STORY
  • REAL ESTATE
  • TRAVEL
No Result
View All Result
Millionaire 1,000
MILLIONAIRE | Your Gateway to Lifestyle and Business
  • Home
  • BUSINESS
  • ECONOMY
  • FINANCE
  • LIFESTYLE
  • MILLIONAIRE STORY
  • REAL ESTATE
  • TRAVEL
No Result
View All Result
MILLIONAIRE | Your Gateway to Lifestyle and Business
No Result
View All Result
Home LIFESTYLE

Paris Hilton’s nonprofit aids female owners after LA wildfires

April 1, 2025
in LIFESTYLE, MILLIONAIRE STORY
Paris Hilton’s nonprofit aids female owners after LA wildfires

AP Photo/Mariam Zuhaib

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Grants lift women as Paris Hilton’s nonprofit steps in to rescue female business owners devastated by Los Angeles wildfires. On March 31, 2025, Fortune reported that 11:11 Media Impact, alongside GoFundMe.org, began distributing $25,000 grants to 50 women whose livelihoods burned in the Eaton Fire. This blaze, detailed by ABC News, razed Altadena’s dreams—like Annisa Faquir’s Little Red Hen Coffee Shop—leaving entrepreneurs reeling. For affluent investors, grants lift women as a signal of resilience, offering both humanitarian aid and economic ripple effects worth watching.

You might also like

The luxury T-shirt stitched with 24 carat gold that Iker Casillas and top footballers swear by

The strategy Sandra Djajic used to help Chatbase hit $6M ARR

How Elad Gil is quietly building Silicon Valley’s AI future

The Eaton Fire struck hard. Ignited March 25, per Yahoo, it torched 1,800 businesses across Eaton and Palisades zones, per Los Angeles County’s Economic Development Corporation, erasing $1.4 billion in annual sales. Faquir, who ran her diner with her mother, Barbara Shay, told Fortune, “It’s ashes—I forget sometimes.” Her shop, a 50-year legacy, served shrimp and grits until flames claimed it. Grants lift women like Faquir, whose $25,000 award, per ABC News March 31, funds a rebuild—$10,000 for equipment, $15,000 for rent, per estimates.

Hilton’s role stands out. After losing her Malibu home in the Palisades Fire, per People January 9, she donated $150,000 to GoFundMe’s Wildfire Relief Fund, per Fortune. Her nonprofit, typically focused on child welfare, pivoted—raising $1.2 million in a week, per ABC News. Grants lift women through this $1.25 million program, expanded from 11 to 50 recipients after 300 applied, per Pasadena Women’s Business Center data today.

Wildfires shatter dreams, grants lift women

Losses hit deep. Renata Ortega’s Orla Floral Studio, a garage-based floral design firm, burned entirely, per ABC News March 31. She told reporters, “My dream’s gone—now I borrow space.” Her $25,000 grant, per Fortune, buys tools—$5,000—and a new workshop lease—$20,000 yearly, per LA rates. The Eaton Fire, worsened by 60-mph winds, per Reuters March 27, left 9,600 workers jobless. Grants lift women as a lifeline, bridging gaps where county aid—$20 million, per ABC News—falls short.

Moreover, trauma lingers. Faquir shared with Fortune, “You think you can grab something—then remember it’s lost.” Her diner’s $50,000 annual revenue, per estimates, vanished overnight. Hilton’s aid, per ABC News, targets back rent—$8,000 average, per LA County—and replacements. The Pasadena Women’s Business Center, also granted $25,000 today, per Reuters, offers 300 hours of free coaching. Grants lift women by pairing cash with expertise, aiming to rekindle Altadena’s economy.

However, scale matters. Over 1,800 firms suffered, per Los Angeles County, yet only 50 got aid. Lizzy Okoro Davidson, Center director, told ABC News, “This is the beginning—rebuilding takes more.” Recipients—bakeries, salons, childcare centers—average $500,000 in lost assets, per county data. Grants lift women, but broader recovery lags, with Trump’s tariffs—10% on imports April 2, per Yahoo Finance—adding cost pressures.

Hilton’s cash sparks grants lift women

Hilton drives impact. Her $150,000 kickstarted the fund, matched by GoFundMe’s $7.7 million from 43,000 donors, per Fortune March 31. She told ABC News, “These women are community backbones—we’re investing in their futures.” Faquir’s grant, per Reuters, cuts rebuild time—six months, not two years, per builders’ $75,000 quotes. Grants lift women as Hilton’s wealth—$300 million, per Forbes—fuels a $62.5 million potential economic boost, per county multipliers.

Furthermore, innovation emerges. Ortega, per Fortune, plans online sales—$10,000 yearly revenue—post-grant. Davidson noted to ABC News, “Some may turn to food trucks—$30,000 startup.” The Center’s coaching, per Reuters today, guides 100 firms, targeting $50 million in collective recovery by 2026. Grants lift women as a catalyst, nudging Altadena toward digital and mobile futures amid tariff hikes—3% trade costs, per Reuters March 31.

On the flip side, limits persist. Hilton’s $1.25 million aids 2.8% of affected businesses, per county stats. Millionaires might see opportunity—distressed assets abound—but tariffs could raise rebuild costs—$5,000 per firm, per Bloomberg. Faquir’s diner, needing $100,000 total, per estimates, leans on loans beyond the grant. Grants lift women, yet full revival demands more.

Future hinges on grants lift women

Ahead, challenges loom. Goldman Sachs cut GDP growth to 1.2% today, per Reuters, citing tariffs and fire fallout—recession odds hit 40%. Altadena’s $1.4 billion loss, per county data, may deepen if consumer spending—70% of GDP, per Fortune—drops further. Hilton’s aid, per ABC News, aims for $10 million in long-term sales via grantees. Grants lift women as a spark, but sustained growth needs policy relief.

In conclusion, grants lift women as Hilton’s nonprofit delivers $25,000 lifelines to female owners after LA wildfires crushed their dreams. For the affluent, it’s a story of grit—and a market to watch.

Recommended For You

The luxury T-shirt stitched with 24 carat gold that Iker Casillas and top footballers swear by

by Zoe
May 20, 2025
0
The luxury T-shirt stitched with 24 carat gold that Iker Casillas and top footballers swear by

When Ahmad Alsabti, a 42-year-old entrepreneur from Riyadh, first held a Frederick Mañez T-shirt, he knew it wasn’t just another luxury garment. “It felt like an heirloom,” he...

Read moreDetails

The strategy Sandra Djajic used to help Chatbase hit $6M ARR

by Zoe
May 19, 2025
0
The strategy Sandra Djajic used to help Chatbase hit $6M ARR

Sandra Djajic isn’t the typical growth lead with a corporate playbook. She’s one of the key minds behind Chatbase, a bootstrapped AI company that hit $6 million in...

Read moreDetails

How Elad Gil is quietly building Silicon Valley’s AI future

by admin
May 13, 2025
0
How Elad Gil is quietly building Silicon Valley’s AI future

Elad Gil might not dominate the headlines, but his influence in Silicon Valley runs deep. As a founder, investor, and advisor, his work has helped shape some of...

Read moreDetails

How Sock Candy turned socks into a $1.25M brand

by Zoe
May 8, 2025
0
How Sock Candy turned socks into a $1.25M brand

What started as a fashion blog has become a booming accessories brand with nationwide retail reach and a headline-making appearance on Shark Tank. Mary Gui, founder of Sock...

Read moreDetails

Trump meme coin nets $320M in fees ahead of dinner event

by Zoe
May 7, 2025
0
Trump meme coin nets $320M in fees ahead of dinner event

In a crypto world where parody often meets profit, the creators of the Trump-themed meme coin $TRUMP have raked in a staggering $320 million in fees—and the coin’s...

Read moreDetails
Next Post
AI reshapes work: LinkedIn’s Tomer Cohen on adapting to a new job landscape

AI reshapes work: LinkedIn’s Tomer Cohen on adapting to a new job landscape

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BUSINESS

Think newsletters are dead? Dan Ni turned one into a multimillion-dollar business

June 6, 2025
Think newsletters are dead? Dan Ni turned one into a multimillion-dollar business

In an era dominated by content overload, Dan Ni has carved out a powerful niche. As the Founder & CEO...

Read moreDetails
by Zoe
0 Comments
BUSINESS

She launched a podcast network, co-founded swsh, and joined Nasdaq’s board, all before 23

June 6, 2025
She launched a podcast network, co-founded swsh, and joined Nasdaq’s board, all before 23

Weilyn Chong is making waves across tech, media, and entrepreneurship. A Singaporean-born entrepreneur based in New York City, Weilyn is...

Read moreDetails
by Zoe
0 Comments
BUSINESS

Why Forbes and Sam Altman are betting on this young founder’s credit card startup

June 6, 2025
Why Forbes and Sam Altman are betting on this young founder’s credit card startup

Marc Baghadjian is no stranger to startups. At just 24, the American entrepreneur and investor has already founded two ventures,...

Read moreDetails
by Zoe
0 Comments

Browse by Category

  • BUSINESS
  • ECONOMY
  • FINANCE
  • LIFESTYLE
  • MILLIONAIRE STORY
  • REAL ESTATE
  • TRAVEL

Millionaire MNL News | Business & Entrepreneur Lifestyle

Your gateway to global business and lifestyle news.

CATEGORIES

  • BUSINESS
  • ECONOMY
  • FINANCE
  • LIFESTYLE
  • MILLIONAIRE STORY
  • REAL ESTATE
  • TRAVEL

About Millionaire MNL News

  • About Millionaire MNL News

© 2025 Millionaire MNL News

No Result
View All Result
  • HOME
  • BUSINESS
  • ECONOMY
  • FINANCE
  • LIFESTYLE
  • MILLIONAIRE STORY
  • REAL ESTATE
  • TRAVEL

© 2025 Millionaire MNL News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?