|
Barron Hilton, the son of the man who founded the famous Hilton hotel chain, will give 97% of his $2.3 billion fortune to charity. His son, Paris Hilton’s uncle, has announced that the fortune would be donated to the Conrad N. Hilton Foundation to help the homeless with housing, find safe water in developing countries and assist other good causes around the world. “Speaking for the family as well as the foundation, we are all exceedingly proud and grateful for this extraordinary commitment,” said Steven Hilton, the son. Barron is said to have been dismayed by the behavior of his granddaughter Paris Hilton, who initially achieved fame thanks to an internet sex tape. Jerry Oppenheimer, author of House of Hilton, said that Barron Hilton “was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris. He now doesn’t want to leave unearned wealth to his family.” The very charitable donation leaves the Hilton heirs just 3%, about $69 million less tax. According to calculations by New York’s Daily News, Paris Hilton, who once foresaw a $100-million inheritance, is now likely to receive a measly $5 million. Tsk tsk! That’s a HUGE drop!!!
|