Paris Hilton's future bank account has just taken an enormous hit on account of her grandfather. Barron Hilton, the 80-year-old son of the founder of the worldwide hotel chain that carries the family name, has earmarked 97 percent of his vast fortune, nearly $2.3 billion, to the Conrad N. Hilton Foundation. The money will help the homeless with housing, find safe water in developing countries and assist other good causes around the world.
To Mr. Hilton's heirs, who include sisters Paris and Nicky, will go the remaining 3 percent: some $69 million, which is said to be taxable. According to calculations by New York's Daily News, Paris, who once foresaw a $100 million inheritance, is now likely looking at $5 million.
To Mr. Hilton's heirs, who include sisters Paris and Nicky, will go the remaining 3 percent: some $69 million, which is said to be taxable. According to calculations by New York's Daily News, Paris, who once foresaw a $100 million inheritance, is now likely looking at $5 million.