What the rich are doing with their money to make you suffer, damage democracy, and reduce the number of people who control events in the USA.....
Barron Hilton, Hotel Magnate, to Leave $2.3 Billion to Charity
Thursday, December 27, 2007
foxnews.com
LOS ANGELES — Hotel magnate Barron Hilton will give $2.3 billion, the bulk of his fortune, to charity, officials said Wednesday.
Hilton, the 80-year-old grandfather of Paris Hilton, bequeathed the money to the Conrad N. Hilton Foundation, a charity founded by his father in 1944.
"We are all exceedingly proud and grateful for this extraordinary commitment," Hilton's son Steven M. Hilton, president and chief executive of the foundation, said in a statement.
"Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather ... and now reinforced by my father."
The funds will partly come from the sale of the Hilton Hotels Corp. to The Blackstone Group.
The money will go into a trust but eventually will find its way to the foundation. Hilton, the chairman of the foundation, pledged an immediate $1.2-billion donation to the charity, with an estimated $1.1 billion to follow after his death.
Hilton had indicated at a recent board meeting that he would follow in his father's footstep by leaving nearly all of his fortune to the trust when he died in 1979. |
