Barron Hilton to donate 97% of 2.3 billion fortune to charity; poor Paris!

[edbermac]

NEW YORK (Reuters) - U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion (1.16 billion pounds) fortune to charity.

That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. -- started by his father Conrad in 1919 when he bought a small hotel in Cisco, Texas -- and pending sale of the world's biggest casino company, Harrah's Entertainment Inc.

That money will be placed in a charitable trust that will eventually benefit the Conrad N. Hilton Foundation, raising its total value to about $4.5 billion, the foundation said in a statement.

Barron Hilton, chairman of the foundation, intends "to contribute 97 percent of his entire net worth, estimated today at $2.3 billion, including the created trusts, at whatever value it is at the time of his passing," the foundation said.

Paris Hilton was not immediately available for comment on her grandfather's plans for his fortune.

Jerry Oppenheimer, who profiled the Hilton family in his 2006 book "House of Hilton," has said Barron Hilton is embarrassed by the behaviour of his socialite granddaughter Paris and believes it has sullied the family name.

http://www.reuters.com/article/entertainmentNews/idUKN2636653220071226

Good for him! Just wondering what took him so long.

[davidinalameda]

1. the way she's going

Paris will be in need of a charity in a few years

[TransitJohn]

2. She's made enough on her own

that I don't think she's hurting any.

[Nailzberg]

5. She may be the best prepared to take care of herself after gramps passes.

She may be dumb as a box of rocks, but she has somehow managed to build herself into a media monster. And she hasn't really done anything stupid since her little stay at Lynwood, while the rest of the celebutards have been trying to out-rockbottom each other. Somehow Paris Hilton has outplayed a whole lot of smarter and more talented people. Yikes.

[BearSquirrel2]

3. Most expensive home video EVER!!!!

I do believe that may have been the most expensive home video EVER!!!

[seriousstan]

4. Please let me suffer this financial disaster. PLEASE GOD!!!!!!

[lurky]

6. He's only leaving $69 Million to his heirs...

I hope they don't starve!
:eyes:

[Nailzberg]

7. I think it would be better if Barron Hilton pulled a Brewster's Millions

Give Paris a whole bunch of money if she can learn some lesson about becoming a real human being. And I should get to film the whole ordeal, cause it would be funny as hell.

[Incitatus]

8. That's so sad. I will pray for her tonight.

:rofl:

[Mendocino]

9. The new day jobs of Paris

1. promote a line of designer dogs

2. driver for Lindsay Lohan

3. catering business with Nicole Richie

4. spermicide tester

5. UN spokesperson "World Peace: That's HOT"

6. Hilton Hotel maid

7. celebrity boxing- Paris vs Tonya Harding

8. babysitter for Britney Spears

9. inevitable rap album

10. hooking

[dysfunctional press]

12. wouldn't she make a better u.n. spokesperson for global warming?

:shrug:

[earth mom]

10. Karma. nt

[slackmaster]

11. LEAVE PARIS HILTON ALONE!

But seriously, I always knew Barron was a good man at heart.

[ShaneGR]

13. This is nothing new, the original Hilton did the same, left it all to "charity"

Then this guy fought it in court and ended up getting half of it.