We all heard about how Paris Hilton’s grandfather had essentially disowned the little waif so that she wouldn’t see any inheritance. It seems that ‘disowned’ is not quite the way things went, though it is true that her anticipated inheritance has been slashed dramatically. Paris was originally expected to see about $100 million in inheritance funds, but calculations now have that narrowed down to a meager $5 million. Barron Hilton, Paris’s grandfather and son to the Hilton founder, has earmarked 97% of his net worth ($2.3 billion) to the Conrad N. Hilton Foundation. This foundation helps the homeless and finds safe drinking water in developing countries, so at least her inheritance is going to a good cause. This charitable donation is something that Barron is doing to follow in his father Conrad’s footsteps. Conrad founded the foundation and bequeathed 97% of his inheritance to the same organization. The remaining 3% of Barron’s estate is estimated at $69 million and will be divided amongst the heirs which will leave Paris with the reported $5 mil after taxes. Yes, it is sad when you are only left with 5 million dollars…poor poor little rich girl.

This entry was posted on Friday, December 28th, 2007 at 10:28 am and is filed under Celebrities, Paris Hilton. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.