The new material will be produced by Afrojack and Lil Wayne is said to feature on some of the tracks.
The Cash Money label was co-founded by Ronald "Slim" Williams and Bryan "Birdman" Williams.
Birdman tweeted: "Welcome@ParisHilton to tha Family.RichgangRichgirl.YMCMB"
Best fans
Drake, Lil Wayne and Nicki Minaj are also signed to Cash Money Records.
Paris Hilton tweeted: "Love all you guys so much! So proud I have been Trending Worldwide all day & night because of you all. I have the best fans in the world! ❤"
In an interview with MTV News, Hilton said: "I think a lot of people don't know that music is my passion since I was a little girl.
"I'm very musically talented. This is more my thing [musically on this album], more of a club scene, more dance."
There is no official release date for the second album.
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