
Grandpa Barron Hilton announced today that he would be donating 97% of his fortune to charity when he kicks the bucket.
His plan includes a $1.2 billion pledge to the Con rad N. Hilton Founda tion, named after his father - a donation that includes the windfall from the recent sale of Hilton Hotels Corp. and the pending sale of the world’s biggest casino company, Harrah’s Entertainment Inc. Barron Hilton, 80, chairman of the Conrad N. Hilton Foundation, intends “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 declared.
The Hilton Foundation describes its mission as “to relieve the suffering, the distressed and the destitute.” Among its interests are projects that provide clean water in Africa, education for blind children, housing for the mentally ill, the work of Roman Catholic sisters, and substance abuse.
You know, everyone’s all like, “Oh, poor Paris,” but I doubt she’s that distraught about all this. The girl’s a multi-millionaire in her own right; she doesn’t need Grandpa’s money anymore.
Regardless, way to go, Mr. Hilton. At least someone in that family has his head on straight.