Paris Misses Out On Fortune

Paris Hilton will get hardly any of the family fortune when her grandfather passes on.

Her grandfather Barron Hilton has announced plans to donate 97 percent of his $2.3 billion fortune to charity.

His empire – the Hilton Hotels business – was started by his father Conrad in 1919 when he bought a small hotel in Cisco, Texas.

With plans to sell off part of the organization – namely the Harrah’s casino arm in Las Vegas which includes Ceasar’s Palace – that figure is expected to rocked
to about $4.5 billion… all of which will be held in a charitable trust.

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

80-year-old Barron Hilton has never commented on those remarks.