paris hilton's billions......NOT

Paris Hilton's inheritance goes to charity
By Catherine Elsworth in Los Angeles
Last Updated: 2:56am GMT 29/12/2007



The future fortune of Paris Hilton, the hotel heiress, has taken a hit after her grandfather said that he would give 97 per cent of his $2.3 billion (£1.15 billion) wealth to charity.

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Barron Hilton, 80, whose father Conrad founded the Hilton Hotel chain in 1919, will donate most of his fortune to the Conrad N Hilton Foundation. Only three per cent - $69 million - will be left to his heirs.

He has eight children and 23 grandchildren.


Paris Hilton [left] with her sister Nicki. Her grandfather will leave a fortune to charity


Paris, who had stood to inherit an estimated $100 million, will now receive about $5 million after tax.

Mr Hilton, the chairman of the foundation, said he was "proud to follow my father's example". On his death, in 1979, Conrad Hilton left 97 per cent of his money to the foundation he had founded in 1944. But his son challenged the will and reached an accord dividing ownership of the shares with the foundation.

Paris had no immediate comment. According to Forbes magazine, the socialite earned $6.5 million last year.

There have been conflicting reports about her relationship with her grandfather, who is said to be embarrassed by Paris, who gained notoriety for an internet sex tape and was jailed for probation violation in a drink-driving case.

Other reports say he is impressed by her money-making abilities.






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