
Paris Hilton’s grandfather will hand over 97 per cent of his $2.3 billion fortune to charities when he dies.
Barron Hilton has overlooked his 23 grandchildren - including Paris and sister Nicky - and bequeathed 97 per cent of his estimated $2.3 billion fortune to his father’s charity – the Conrad N. Hilton Foundation.
In a statement released on Wednesday (26.12.07), the charity’s chief executive officer Steven Hilton commented: “This generous donation means that the work of the foundation will continue and expand for many years to come.”
Barron made an immediate donation of $1.2 billion to the foundation, and the other £1.1 billion will follow upon his death. Some of the money will come from the sale of the Hilton Hotels group - which was founded by Conrad Hilton when he bought a small hotel in Texas in 1919 - to a private equity firm, the Blackstone Group.
According to one recent book about the Hilton family, Barron Hilton has been embarrassed by the behaviour of his socialite granddaughter, who gained notoriety through a homemade sex video and has since served time in prison for violating probation on a driving ban.
Paris, 23, has so far refused to comment on her grandfather’s decision. She is currently enjoying a short break in Hawaii. Meanwhile, Paris has revealed she only has one wish for 2008 – a new man in her life.
Paris – who recently split from pizza delivery boy Alex Vaggo amid claims he was “too shy” – told reporters she wanted “a new boyfriend” when asked about her New Year’s resolutions. - Guardian
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