Bettina's Take: Donald Trump, Kathy and Rick Hilton Honored at the European School of Economics Foundation Gala

Photo: Getty Images

Donald Trump, Melania Trump, Kathy Hilton, Rick Hilton, Nicky Hilton and Paris Hilton.

Have you heard of the European School of Economics? You will now that the school had the brilliant idea of honoring Kathy and Rick Hilton, and Donald Trump, for their incredible achievements and philanthropy at Cipriani 42nd Street on December 5th. Geraldo Rivera was the Master of Ceremonies, and Rashida Jolie provided an astonishing performance.

Nicky and Paris Hilton gave a beautiful introduction before their parents took the stage, a speech that was filled with love and respect for the extraordinary couple, and gratitude for instilling them with a deep work ethic. Not content to rest on his family laurels, Rick Hilton built the real estate company Hilton & Hyland from the ground up, and has grown it into a major player. Kathy has been involved in building many successful businesses, including her latest clothing line, aptly named Kathy Hilton. Both have been honored on a multitude of occasions for their philanthropic endeavors. Rick and Kathy Hilton then took the stage successively, encouraging students to not only study, but also to look for guidance from leaders they admire.

In this family, the apples didn't fall far from the tree.

"I'm opening my first property in Manila," Paris, looking gorgeous in a blue Falguni and Shane Peacock gown, told FashionEtc. "I'm continuing to work on my 17 product lines, and will soon be coming out with my seventeenth fragrance. It will be called Dazzle."

Nicky, a beauty in a long red Valentino dress, is busy at work on her jewelry line.

Ivanka and Eric Trump gave a wonderful speech introducing the Donald, who complimented his family and all involved in the evening.

He seemed happy with the result, so let's assume no one got fired.