Paris Hilton Blew It:  The Inheritance Is Going To Charity 
Friday, December 28th, 2007

 

You are going to love this news.  Hilton hotel heiress Paris Hilton is not standing to inherit the disgustingly huge fortune of the Hilton hotel chain.  Her grandfather, Barron Hilton, 80, announced on Wednesday that he is donating 97 percent of his $2.3 billion fortune to charity.  $4.5 million of it is going to the Conrad N. Hilton Foundation.  That leaves just about $69 million, to split among all of Barron's children and grandchildren.

In 2006, Jerry Oppenheimer wrote about the Hilton family in the book "House of Hilton," and said that patriarch Barron Hilton is embarrassed by the behavior of his socialite granddaughter Paris and beleives it has tarnished the family name.

Oppenheimer said he "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 foundation it is going to relieves suffering, distress, and destitution by providing funding for clean water, education, housing, and drug projects, as well as a fund for Roman Catholic nuns in Los Angeles.

The Hilton family is no longer in possession of the Hilton hotel chain, either - Barron sold it for $20 billion in October of 2007 to a private equity firm named Blackstone Group.  Paris' little brothers, Barron and Conrad, are even named after their grandaddy.  Ouch!

Good for you, Barron!!!

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