All but 3% of Barron Hilton’s estimated $2.3 billion fortune will go into a charitable trust to benefit the Conrad N. Hilton Foundation, which was started by his father, the foundation announced yesterday. A Paris Hilton family friend spoke with The New York Daily News about the development, which sees the family members which stood to inherit $100 million, now are set to receive “only” about $5 million. “The whole family will be devastated, particularly [Paris' mom] Kathy,” the pal said. “Some of them could be likely to contest the will – it’ll be in the courts longer than Anna Nicole Smith versus J. Howard Marshall.”
In an interview with ‘Larry King Live’ back in June following her release from jail, Hilton said, “Well, a misconception that I always hear is Paris doesn’t work for a living. She just, you know, gets money from her family. And I completely disagree with that. I’ve been earning on my own, by myself. I’ve not taken any money from my family. I work very hard. I run a business.” Read more.