Paris Hilton has shared the first photos of her son, Phoenix Barron Hilton Reum. Photo: Instagram / parishilton
Paris Hilton has shared the first photos of her son, Phoenix Barron Hilton Reum. Photo: Instagram / parishilton
Paris Hilton has shared the first photos of her son, Phoenix Barron Hilton Reum. Photo: Instagram / parishilton
Paris Hilton has shared the first photos of her son, Phoenix Barron Hilton Reum. Photo: Instagram / parishilton

Paris Hilton shares first photos of her son Phoenix Barron Hilton Reum


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Paris Hilton has shared the first photos of her son, Phoenix Barron Hilton Reum, who was born in January via surrogacy. Hilton posted a series of heartwarming black-and-white photos on Instagram on Monday with the caption: "My whole heart".

The heiress and media personality, 42, announced the arrival of her son on social media in January, posting a close-up picture of a baby gripping her thumb.

"You are already loved beyond words," wrote Hilton, who married businessman Carter Reum in late 2021.

"It's always been my dream to be a mother, and I'm so happy that Carter and I found each other," Hilton told People in an interview. "We are so excited to start our family together and our hearts are exploding with love for our baby boy."

Hilton said she and Reum began in-vitro fertilisation at the height of the Covid-19 pandemic.

In December last year, the entertainer-turned-businesswoman said they were "always planning on 2023" as their target year to have a child.

"We just wanted to really enjoy our first year of marriage together as a couple. And we're just, you know, getting the eggs all ready," Hilton told E!.

Paris Hilton said she chose her son's name based on world cities, like herself. Photo: Instagram / parishilton
Paris Hilton said she chose her son's name based on world cities, like herself. Photo: Instagram / parishilton

In February, she revealed her son's name and said she chose it on the theme of world cities, like herself, but one that also had “other meanings”.

Speaking in the latest episode of her podcast This Is Paris, she explained the process behind choosing the name, which she had thought up “over a decade ago”.

“This is a name that is so special to me. I've been planning my children's names for years and years,” she said.

“I knew even when I was a little girl that I wanted to have a daughter named London, because London is one of my favourite cities in the world, I think it's such a beautiful name — it could work for a boy or a girl. I just think it sounds cute, Paris and London.”

She continued: “It's hard to think of a boy name on that theme I really wanted to stick with the theme of other cities, or a state or a country, just something about the world because I love to travel and I love exotic names.”

Hilton added that she had considered some of her other favourite cities for her son's name, including Las Vegas, in Nevada, and Aspen, in Colorado, as well as Ibiza, which she admitted sounded “weird”.

“Over a decade ago I thought of this amazing name. It's such a beautiful name, it's so unique. I love that it's not only a city but it also has other meanings that are just beautiful,” she said.

Hilton said she had chosen the name of Phoenix because it stands for “hope, rebirth and transformation”.

“Phoenix has a few good pop culture reference points, but more important it's the birth that flames out and rises from the ashes to fly again,” she said, reading an extract from her memoir, which was released in March.

“I want my son to grow up knowing that disaster and triumph go around and come around throughout our lives, and that this should give us great hope for the future.”

Scroll through the gallery below for celebrities who have welcomed children via surrogacy

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: April 04, 2023, 7:39 AM