Sunday, September 22, 2019
Barron Hilton, the magnate behind Hilton Hotels success, passed away on Thursday at his Los Angeles home at the age of 91. The billionaire left 97% of his fortune to the Conrad N. Hilton Foundation, the charity started by his father, which increased its endowment by $3.4 billion.
The Foundation, established in 1944, invests in seven program areas: Catholic sisters, disaster relief and recovery, foster youth, homelessness, hospitality workforce development, safe water, and young children affected by HIV and AIDS.
The remaining 3%, which still constitutes millions of dollars, were left for him family, including the well-known heiress Paris and Nicky Hilton. Altogether Barron left behind eight children, 15 grandchildren, and four great-grandchildren. "The Hilton family mourns the loss of a remarkable man," ,his son and chairman of the Conrad N. Hilton Foundation, Steven M. Hilton, said in a statement. "He lived a life of great adventure and exceptional accomplishment."
See Matthew McNulty, Barron Hilton Leaves 97% of Massive Fortune to this Foundation, Fox News, September 22, 2019.