Paris Hilton cut off of her inheritance

Barron Hilton is really embarrassed by his granddaughter Paris Hilton’s wild behavior. He has axed $60 mil inheritance from her. In the Forbes 400, which lists the 400 richest Americans, Barron Hilton’s worth in 2006 is listed at $1.0 billion.

It seems Grandpa doesn’t appreciate hearing about her non-stop partying, shopping, gaining fame because of a sex tape, and going to jail. It looks like Paris will have to make her own money to continue on with her lifestyle.

Family patriarch Barron Hilton was already embarrassed by his granddaughter’s wild behaviour – notably when her home sex video was leaked on the internet. But the 79-year-old considered her 23-day sentence last month the last straw.

“He was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris,” says Jerry Oppenheimer, who wrote a biography of the clan called House Of Hilton.

“He now doesn’t want to leave unearned wealth to his family.”

Hilton senior, the only member of the family left with a sizeable stake in the huge hotel chain, has let it be known that he intends to donate to charity the $2.4bn he will gain from this month’s sale of the company to private equity firm Blackstone.

The money will go to the Conrad N. Hilton Foundation, the charity set up in the name of the founder of the family business.

It is to be noted that when Barron’s father died in 1979, he left the bulk of his estate to the Roman Catholic Church and other charities, and almost nothing to his children. Barron contested the will because of his lifelong career of working to build the hotel company and won his lawsuit in 1988. His half-sister, Francesca, lost her case and received nothing.Source: www.news.com.au

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