Thursday, December 27, 2007

Barron Hilton Leaves $2.3 Billion to Charitable Foundation

On December 27, 2007, several newspapers - including Los Angeles Times and USA Today - reported that billionaire Barron Hilton will leave about 97% of his net worth to his family's charitable foundation.  Here is an excerpt from the LA Times article:

Hotel magnate Barron Hilton, grandfather of heiress Paris Hilton, has bequeathed 97% of his estimated $2.3-billion net worth to his father's charity foundation, officials said Wednesday.

The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah's Entertainment Inc. after the money is placed in a trust, is the largest in the foundation's history and will bring its value to about $4.5 billion.

To see the entire article, go to the LA Times website.

DAB

http://lawprofessors.typepad.com/nonprofit/2007/12/barron-hilton-l.html

In the News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54fc7628a8834

Listed below are links to weblogs that reference Barron Hilton Leaves $2.3 Billion to Charitable Foundation:

Comments

Post a comment