Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, September 22, 2019

Barron Hilton Leaves 97% of Massive Fortune to this Foundation

BarronBarron 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.

https://lawprofessors.typepad.com/trusts_estates_prof/2019/09/barron-hilton-leaves-97-of-massive-fortune-to-this-foundation.html

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