Pretty soon, the word “heiress” won’t go so well with the name “Paris.” It seems Miss Hilton doesn’t stand to inherit very much of her grandfather Barron Hilton’s fortune. It was announced earlier today that the eighty years-old Hilton will donate 97% of his $2.3 billion fortune to charitable causes. 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. Baron 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.” One of Paris’ uncles, Steve Hilton released this statement; “Speaking for the family as well as the foundation, we are all exceedingly proud and grateful for this extraordinary commitment.”The Conrad N. Hilton Foundation exists, “to support projects that provide clean water in Africa, education for blind children, and housing for the mentally ill. Its aims, based on Conrad Hilton’s will, are to relieve the suffering, the distressed and the destitute.” With all that said, you gotta wonder how Paris is taking the news. After all, it was her sex tape and drunk driving antics that are believed to have caused her grandfather’s change of heart.
[Source: Times Online]
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That’s the best news I’ve heard all day concerning Paris Hilton.
Now she can definitly help those kids in Africa and be the role model she was meant to be.
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