Dec 28, 2007

[Celebrity] Paris Hilton, Charity Case

Flickr: Kyrion - Poor Paris Hilton
Poor Paris Hilton
by Kyrion.

Okay, pardon the image - I just found it pretty funny. It's just about as humorous as the entire news item.

So, it turns out that Barron Hilton, Paris Hilton's granddad and co-chairman of the Hilton Hotel chain, will be donating 97% his fortune to charity upon his death. Given that it's currently pegged at $2.3 billion ($1.2 billion of that coming from the recent sale of the Hilton Hotels Corporation) and is bound to grow in the coming years until his death.

While it had been established that Barron has been planning this for some time now based on most reports. The Conrad N. Hilton Foundation is in his father's name after all. However the media can't help but dig up previous comments made about his disapproval over Paris' various shenanigans and trying to link that as a reason.

I suppose it's a good thing Paris is trying to amass her own fortune through her media ventures and the other stuff like that perfume thingy. Still, this id definitely going to be a major blow to her future finances since it'll pretty much pull the rug out from under her trust fund. =P

So far, they say she isn't available for comment. Hahaha!

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