Paris Hilton Unlikely to Inherit from Grandfather

According to Susannah Rosenblatt, Paris Hilton’s grandfather to leave most of his fortune to charity, LA Times, Dec. 26, 2007:

Hotel magnate Barron Hilton, grandfather of heiress Paris Hilton, has bequeathed $2.3 billion, or 97% of his net worth, to his father’s charity foundation, officials said today.

The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah’s Entertainment Inc. after the money is placed in a trust, is the largest in the foundation’s history and will bring its value to about $4.5 billion.

Barron Hilton, 80, pledged an immediate $1.2-billion donation to the foundation, with an estimated $1.1 billion to follow after his death. He is the foundation’s chairman.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.