Paris Visits Massachusetts but 97% of Barron Hilton’s Fortunes to be Donated: Might a Past Will Challenge Foreshadow a Future One?
Michelle Nichols, in a Reuters article, reports Paris Hilton's grandfather, Barron Hilton, has announced his intentions to donate 97% of his estate to charity (about $2.3 billion) into the Conrad N. Hilton Foundation (including contribution to be valued about $4.5 billion). Has the family fortune come full circle? Conrad Hilton established the foundation in 1944 and when he died in 1979 left virtually all of his fortune -- including, according to media reports at the time, a 27 percent controlling stake in Hilton Hotels -- to the charity”, writes Nichols. She recounts, “Barron Hilton challenged the will and after a nearly decade-long legal struggle reached an out-of-court settlement to split ownership of the shares with the foundation in 1988, The New York Times reported fame and fortune mixed together with an estate challenge (and a historical theme) -- could make for some great television. Authors note: Forgive me, but I simply couldn't resist posting a Paris Hilton related entry following a Britney Spears post within the same week.
