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Raymond Empire Goes to Granddaughter

Raymond Empire Goes to Granddaughter
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Mar 26, 2008 2:30 PM PDT    Text size: 
LONDON — The porn and property empire of the late Paul Raymond, estimated by some to be worth billions, is set to pass on to his 22-year-old granddaughter, making her one of the richest women in Britain.

XBIZ reported the 82-year-old Raymond's death earlier this month.

His granddaughter, Fawn James, is reportedly a "blonde beauty" who attends St. Andrews University, where she is pursuing a degree in social anthropology.

James has already been named a director of several of the conglomerate's key businesses, worth at least $1.3 billion dollars — although some insiders claim that foreign assets could add billions more to the operation's total value.

James will share the inheritance with her 16-year-old sister India. Both are children of Raymond's daughter Debbie, who died from a drug overdose when India was a newborn.

Raymond saw similarities between Fawn and his daughter Debbie, and once remarked that he hoped "she doesn't turn into Paris Hilton, with lots of money prancing around."

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