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People_Hilton

FYI

Hilton to donate fortune

McClatchy Newspapers

In an announcement that may make Paris Hilton blanch, her grandfather, Barron Hilton, 80, says he will donate nearly all his fortune to charity.

Barron Hilton, whose father, Conrad Hilton, founded the hotel chain in 1919, will give away 97 percent of his estimated $2.3 billion net worth to his father’s charity, the Conrad N. Hilton Foundation, the Los Angeles Times and USA Today report.

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Barron Hilton said his father also had left 97 percent of his fortune to the foundation he founded in 1944, "and I am proud to follow my father’s example." The foundation now has $1.1 billion in assets.

Barron Hilton’s publicist, Patrick Barry, told USA Today that the remaining 3 percent of Barron’s fortune would be distributed among his eight children and numerous grandchildren.

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