HeHeHe: Paris loses out: Hilton fortune pledged to charity

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HeHeHe: Paris loses out: Hilton fortune pledged to charity

Postby Egaladeist » Fri Dec 28, 2007 7:14 pm

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.

http://www.reuters.com/article/newsOne/ ... 26?sp=true
Paris loses out: Hilton fortune pledged to charity | U.S. | Reuters
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Postby DaFoxx » Sat Dec 29, 2007 1:55 am

still leaves the biatch $70 MILLION :shock:
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Postby dinowuff » Sat Dec 29, 2007 3:43 pm

100 Million actually
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Postby prometheus » Sat Dec 29, 2007 11:44 pm

Too much either way....
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Postby Egaladeist » Sun Dec 30, 2007 12:04 am

Wouldn't matter much at this point anyways...now that she's a celeb...she can make millions off her status now.
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Postby DaFoxx » Sun Dec 30, 2007 3:12 am

yeah, she'd make millions selling her story about how her gramps gave away all of his money to SOMEONE ELSE :shock:
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Postby outerlimit » Sun Dec 30, 2007 6:39 am

Haha, its sad that it is true though...
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