The woman who made "hotel heiress" synonymous with sex tapes and partying won't be inheriting the hotel fortune: Paris Hilton's 80-year-old grandfather, hotel magnate Barron Hilton, will give 97% of his $2.3 billion fortune to the Conrad Hilton Foundation, reports the Los Angeles Times. In doing so, Barron follows in the footsteps of his father, Conrad Hilton, who left nearly all his fortune to his foundation when he died in 1979.
Hilton will give $1.2 billion immediately to the foundation, which funds causes from drug treatment to drought in Africa, with another billion or so to come after his death. The money comes from the sale of Hilton hotels, and the upcoming sale of Harrah's Entertainment. No immediate word from Paris, who's been earning her own living from modeling, acting, recording and selling perfume.