Paris Hilton, who rose to fame as an heiress, is less than 3% the heiress she could have been. Her grandfather, Hilton Hotels patriarch Barron Hilton is leaving 97% of his $2.3 billion personal fortune to charity, leaving approximately $69 (what an appropriate number!) million available for everyone else, including Paris.
According to the Los Angeles Times, "The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah's Entertainment Inc. after the money is placed in a trust, is the largest in the foundation's history and will bring its value to about $4.5 billion."
But don't feel too bad for Paris. Even if she won't really be much of an heiress, she has already built her own empire based on her grandfather's wealth -- well, that and going to jail and such.
But still, it's refreshing to see Barron Hilton giving his money to people who deserve it. It's hard to imagine anyone less deserving than Paris Hilton, and maybe this will encourage her to stop acting like such a spoiled brat.
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Reader Comments (Page 1 of 1)
12-27-2007 @ 8:57AM
Sheldon L said...
Two points:
1) We have witnessed children from all walks of life behave badly. Paris is no exception and would not stand out except for the media attention she needs and gets.
2) Even if the Hilton Foundation Trust receives most of the money it is not uncommon for a healthy stipend to be distributed to heirs through salaries attributed to oversite committees and acting as board members and advisors.
12-31-2007 @ 12:58AM
Dennis said...
But, Parasite and the rest of the Hilton Cockroaches are still going to wage the mother of all fights over who gets that 69 million dollars...should be VERY entertaining! Bravo, Barron Hilton for showing some CLASS and making the right decision by leaving your fortune to people who actually need it!