Paris Hilton Knocked Out Of Money In Favor Of Charities

The foundation supports 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."

The Hilton manoeuvre: Paris's granddad gives 97% of his fortune to charity
Michelle Nichols, Reuters
Published: Thursday, December 27, 2007


U.S. hotel heiress Paris Hilton's potential inheritance diminished dramatically after her grandfather Barron Hilton announced plans yesterday to donate 97 per cent of his $2.3-billion 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, Tex. - 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 per cent 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.

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http://www.nationalpost.com/news/story.html?id=200784

I'll admit that when I see Paris in the headlines, I usually avoid it but this is not about her latest antics. It's about her grandfather taking notice of them and deciding to give most of his money to charities. I read it reluctantly, hoping that I would read something of value. When it comes to Paris Hilton being in the news I cringe knowing a soldier died in Iraq or Afghanistan no one really takes notice of anymore, or some veteran ended up homeless yesterday, or another committed suicide. She lives off of the media paying attention to her and it's a sad comment on the state of this nation when someone like her becomes the focus of any other news source than the Star or the National Enquirer or other entertainment media, not that she is that entertaining.

So here is a huge bravo to Grand Pa for doing the right thing for people in need instead of his granddaughter living off of greed.