Hotel magnate Barron Hilton died of natural causes at the age of 91 on Thursday at his Los Angeles home, according to the Hilton family.
The second son and successor of hotelier Conrad Hilton, left about 97% of his estate to Conrad N. Hilton Foundation, which expects to grow its endowment from $2.9 billion to $6.3 billion — a $3.4 billion increase.
The remaining 3 percent of Hilton’s estate would still leave millions for his surviving family members, which includes eight children, 15 grandchildren — among whom are famed heiresses Paris Hilton and Nicky Hilton — and four great-grandchildren.
Hilton amassed a fortune creating orange juice products, an oil company, the American Football League and an aircraft-leasing business, even before he began working for his father Conrad in 1951. He was instrumental in transforming Hilton hotels into the industry’s top brand during his 30 years as its chief executive officer.
Via Fox News
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