Forget Grandpa Hilton's inheritance - Paris is in the money!

The socialite appears to have started giving away her inheritance as she threw handfuls of dollar bills into the air while she partied at LAX nightclub in Las Vegas.

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The hotel heiress and celebrity sex tape star has been hopping from club to club all year since her release from jail last year - and last night exceeded even her own boozy standards with an impromptu table-dancing session in the Las Vegas hotspot.

Dressed in a black minidress, and clearly the worse for wear, the New Year's Eve celebrations continued in the carefree world of Paris Hilton as she celebrated yet another wild night out by kissing a female clubber.

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The news of Paris' reduced inheritance appears to have sent her off the rails as she has spent the last few days cosying up to Britney's ex-husband Kevin Federline, and even flirted with Anna Nicole Smith's ex Larry Birkhead.

Paris' loose behaviour is said to be the main reason her grandfather Barron Hilton has pledged 97 per cent of his £1.15billion fortune to a charitable foundation.

However, the socialite, who reports suggest was expecting closer to £50million of Hilton cash, appears not be that bothered about the dramatic cut in her inheritance.

Paris, who makes hundreds of thousands of dollars from endorsing products, said last year that she doesn't rely on her family for money.

She said: "Everything I've done I've done on my own I make my own money, I don't take anything from my family - I love making my own cash I'm not doing it for anyone else but me".

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According to reports, Paris's grandfather has been unhappy with the star's media attention, and it appears he has cause for complaint.

The socialite first came to prominence in 2003 when a sex tape featuring her and ex-boyfriend Rick Saloman appeared on the internet.

In June last year, Hilton served 22 days in jail after being found guilty of driving with a suspended license.

Jerry Oppenheimer, author of House of Hilton: From Conrad to Paris: A Drama of Wealth, Power and Privilege, said Barron Hilton is unimpressed by Paris's behaviour in recent years.

Oppenheimer said: "Barron Hilton was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris."

And now the 26-year-old socialite is expected to receive £2.5million compared to her original £50million expectation.

The hotel heiress has been partying hard since her recent break-up with her boyfriend, Swedish model Alex Vaggo.

And recently celebrated Christmas with a family holiday in Hawaii.

She has been linked to a number of men this year, including rocker Kid Rock, ex-husband of actress Pamela Anderson, as well as former fiancé Stavros Niarchos and musician and actor Josh Henderson.