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But Grandpa, that's not hot...
http://money.cnn.com/2007/12/21/news...ion=2007122612
NEW YORK (Fortune) -- The Hilton family patriarch, Barron Hilton, will pass on the $1.2 billion windfall from the sale of Hilton Hotels Corporation - not to his famous progeny, but to his family's philanthropic foundation, Fortune has learned.
Barron Hilton's donation will effectively double the size of the Conrad N. Hilton Foundation, named after Barron's father, the man who built Hilton Hotels from scratch and great-grandfather of celebutantes Paris and Nicky Hilton. In a statement e-mailed to Fortune, Barron Hilton wrote: "My personal net worth today, including created trusts, is approximately $2.3 billion, and what ever value it is upon my passing, it is my intent to contribute 97% of my estate to the Conrad N. Hilton Foundation, following in my father's footsteps."
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An unwavering defender of those I see worth protecting.
"promote the general welfare, not provide the general welfare"
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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12-27-2007, 05:55 AM
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