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Barron Hilton, chairman of the Conrad N. Hilton Foundation and grandfather of hotel heiress Paris Hilton, announced on Wednesday ” 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 statement said.
That fortune includes $1.2 billon Barron Hilton stands to earn from the sale of Hilton Hotels Corporation and the pending sale of Harrah’s Entertainment Inc., One of the world’s biggest casino companies.
If Paris’ grandfather’s plans will be carried through, the eventual beneficiary will be the Conrad N. Hilton Foundation, the foundation that support projects that provide clean water in Africa, education or blind children and, and housing for the mentally ill.
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