Paris Hilton Won't Get Grandad's Fortune

Hotel Magnate Barron Hilton Will Give $2.3 Billion To Charity

(AP)  Hotel magnate Barron Hilton will give $2.3 billion, the bulk of his fortune, to charity. Hilton's decision means that his granddaughter, socialite Paris Hilton, will be left out in the cold.

Hilton, 80, bequeathed the money to the Conrad N. Hilton Foundation, a charity founded by his father in 1944.

"We are all exceedingly proud and grateful for this extraordinary commitment," Hilton's son Steven M. Hilton, president and chief executive of the foundation, said in a statement.

"Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather ... and now reinforced by my father."

The funds will come from the sale of the Hilton Hotels Corp. to The Blackstone Group, and the pending sale of Harrah's Entertainment.

The money will go into a trust but eventually will find its way to the foundation. Hilton, the chairman of the foundation, pledged an immediate $1.2 billion donation to the charity, with an estimated $1.1 billion to follow after his death.

Hilton had indicated at a recent board meeting that he would follow in his father's footstep by leaving nearly all of his fortune to the trust when he died in 1979.

The charity has distributed more than $560 million for programs that house mentally ill homeless people, prevent substance abuse and increase access to safe water in Africa and Mexico. A significant portion of the money helps the work of Catholic Sisters.

[jetranger7]

Who Cares, PARIS-BABY, I still want you BABY !!! I''d be like your little puppy Dog,, Will you buy me a cool car to drive you around in please BABY !!! I''ll even quit my job just to hang out with YOU all day & nite and travel with you - BABY !!!!!!! Pleaseeeeeee, hey, it would sure beat the hell out of working !!!!!!!

[inventagod]

Um, dear JetRanger7 -
Due to circumstances beyond my control, your offer sounds pretty dam good right about now...
However, we might have to live with your mom in her trailer, and drive around in her truck, until you find a job to support me.
Do you have DSL or cellphone texting?
- Paris

[dgshiner]

Looks like Ms. Hilton will have to make her own millions! I don''t blame the Barron if I had a granddaughter like Paris lets put it this way she got more than what I would have left her.

Not to mention there is so many things she could do and still have fun while doing them.

[keithle1]

So cool. I love it. Poor Paris. Food stamps for you, Precious. How long will our obsession with Paris continue? Didn''t she say she wanted to improve the world/discover a cure for AIDS/cancer, etc.

[demslie]

What a bunch of liberal idiots. Paris Hilton will get her money from her father who runs the Hilton Foundation. Barron Hilton is giving away 2.3 Billion but, about 750 million is going to the family. Like Sam Walton (Wal-Mart) and Bill Gates (Microsoft), they pledge the majority of their money to foundations which they control but keep hundreds of millions for the kids. The point of the story is to give negative liberals some thing else to bi*ch about.

[yongamerica]

That''s Hot

[mrvolleyba11]

DEMSLIE ...do you even know what a liberal is? if all the posts were commenting on how cruel her grandfather was for doing this to his grand daughter then you could call them liberals! but poking fun at a rotten spoiled b*tch does not make them liberals! it make them regular Americans that are tired of hearing about Paris Hilton in the news when nothing she does (or has done) is news worthy!!!

Millions of stupid brainwashed youth/kids now look up to Paris Hilton as a "role model" and somebody they aspire to be like because of all the media attention she receives when her only claim to fame is being born into a wealthy family!

[mrassekh]

Bummer. I think they''ve probably got a little bit more stashed somewhere around the mansion, tho.

[valentin73]

The only real reason the rich sons of guns give away millions, even billions of dollars is to get Federal Tax Breaks, Duh????? These people think we Americans, with No money, don''t know what they''re up to. C''mon, Charity, my you-know-what!!!, don''t bee,ess us like this. Charity has never begun at home. It all has to do with tax dollars.

As for Paris, Poor little Rich Girl, Stop relying on hand-me-downs and get a real job, like the rest of us, for crying out loud!!!

The only reason you have any fame is becausse of your family''s wealth. Admit it, you were counting on the chickens to lay those golden eggs. Welcome to the real world!!!

You are nothing but America''s Spoiled Brat!!!

[hardtatwork]

Poor Paris! Maybe you can get a job as a Housekeeper at one of your Grandpas'' Hotel. It''ll pay your bills. Lots of Toilet scrubbing though. It sucks.

[albrandi]

WOW,All i can say is there is a lot of jelous/hateful people out there, it''s funny how most people are missing the point about the generosity of giving. It sounds like a bunch of spoiled brats whining about what someone else has and worried about who they are giving it to. It''s his money, let him do whatever he wants with it! The thing is we all get old and money doesnt matter much at all, You can''t take it with you! The only thing that should matter is your life is your family. I feel for the old man as he probably feels the only reason why they are nice to him is because he is rich. Only the ones that really love him will stick around to see he is taken care of. I do wish the Hilton''s would think of the seniors that are trying to live on 600.00 a month. All they want is there mortgage,food and prescriptions paid for. They also love to spend time with the one that really love them so they can tell there grand kids what all they have been through in there life time and hopefully they have the time to listen before they are gone.
Life is to short!

[lil_d3vil]

This is exactly what all the upper crust socialites and Hollywood''s over paid actors are doing its, nothing new. I bet besides the decision to leave all to the foundation Barron Hilton also thought his granddaughter is an embarrassment to the Hilton name, so no goodies from Grandpa for her. wtg

The main reason Hollywood gives to charity''s IS the tax break they get and poorer folk can do the same by giving your old clothes to Goodwill etc and have it as a write off too.

[sharncedar]

"It''s his money, let him do whatever he wants with it! "

Actually, its our money. Money is a token of social worth, it gives relative weight to each person''s contribution to society, and allows them to collect favors from society based on on their contributions. Thus all money belongs to society and to the mass of the people. Those who make no contribution to the common welfare, such as these crud filth "Hiltons" are entitled to no money, whatever they have now is nothing but the proceeds of theft. They have no right to give "their" money to charity since they have no right to that money in the first place. The original Hilton recieved money in return for providing hotels to the public, but these demon spawn garbage now in the Hilton family have done nothing for us, their credit is 0 with society, their "money" needs to be revoked.

[hypnotoad72]

mrvolleyba11 - how DARE you speak the truth like that! :rotflmao:

But she gets media attention because she''s a sleaze. One day she''ll figure it out, but until then she''ll sop up the media''s gaze as long as she can. It profits all involved.

Maybe all of us should truly become sleazy...

[jpl1969]

SharnCedar ..... HUH??? Well then I would like my share...

Doesn''t it say in the posting above "person''''s contribution to society, and allows them to collect favors from society based on on their contributions." -- WELL aren''t they making a contribution to society by giving that money to an organization that helps better society????

And by the way - while I too am sick of hearing about the Paris Hilton saga - I still find myself reading about her whenever I see her name in the headlines --- and my guess is that everyone that has posted a negitive note concerning Paris or the Hilton family read those same headlines....how else can one get sick of hearing about her (or them). If you are sick of it stop complaining and stop reading about her...

Paris is smart as a whip ... she knows how to use the media for her advantage. She may have used her position (the Hilton name and the money that comes from the family) to gain the public''s attention, but she has used each and every one of us to further her financial position - - - maybe it is true that many people aspire to be like her - but *** sells and that is what she has used... Was anyone aware that she wore her new line of jeans when she was let out of jail - mega FREE press to launch her new product line of jeans ---- What a SMART move on her part....

Blah, blah, blah....

[kevzgrl]

Good for Grandpa!! Paris is an embarassment to ANY family (although Lynn Spears might like to have her, just to take the attention off Brit and Jamie Lynn for a sec). Yes, there will be tax breaks that we "little people" don''t get, but at least all that money will do SOME good.
Didn''t Paris say when she got out of jail that she has "grown up and wants to do good things for people from now on"? What GOOD has she done? Oh, yeah, she was going to do that trip to Rwanda to do God knows what, but she cancelled that, didn''t she??
Now, she won''t have the money to reschedule the flight - sooooo sad.....

[gmond]

There are a lot of other Hiltons besides Paris. None of them will inherit that money either.

[neenga]

Little Paree has plenty of money. She has probably known all her life that Grandpa would do this, and surely her parents made sure she has more money in trusts than he makes in one year.

[barbaraf4]

While the money still flows, Paris needs to decide on a career, get her high school diploma and enroll in college. She wouldn''t be the first (or last) celebrity to have to earn a living.

[vastr-wcon]

.
3% of 2.3 BILLION is 69 MILLION. That''s the amount left after the gift to the foundation. Quite a haul for a useless bag of excre''ment like Paris.

.

[hsinco-2009]

Isn''t she getting a couple mill for a book?

[gaye5]

Thankgoodness Paris''s grandfather has some brains..
I cant stand the woman and when her looks have gone she will have nothing, but I suppose some fool with money will come along and feel good at having her hanging off his arm, and Paris being Paris will use that to its fullest extent..
She is going to be a very unhappy old lady one day.. but by then it will be tooooo late...

[bill1fj]

Paris take the money she has now and invest in a nice double wide and a pick up truck.
Maybe a GOOD dog.

[frankbowers]

At the age of 70 I can remember better looking heads on some of the old stale beer basck in in Germany in 55 and 56 then this lady has.
Frank Bowers down in Austin, TX

[userverfied]

Paris is going to have to learn how to work? Now how does that make sense?

LOL