Paris Hilton to lose inheritance? Grandad gives away 97% of fortune to charity
Paris was reportedly set to inherit a $50million share of the hotelier’s $2.3billion fortune but he announced yesterday that now 97% of his money will go to his father’s charity, the Conrad N Hilton Foundation: $1billion immediately and the remainder on his death.
There will be around $130million left over, which will presumably left to the family - but a source close to the Hilton clan told the New York Daily News that the family won’t be happy with considerably reduced inheritance: “The whole family will be devastated, particularly [Paris’ mom] Kathy.”
“Some of them could be likely to contest the will - it’ll be in the courts longer than Anna Nicole Smith versus J Howard Marshall.”
Conrad Nicholson Hilton started the foundation in 1944 which works to alleviate human suffering around the globe and after his death in 1979, the annual Conrad N Hilton Humanitarian Prize was established, worth $1.5million to the winning organisation.
Paris and her siblings are currently holidaying in Hawaii.