Part of it is managed by the foundation, and part of it is donated to charity.

In order to let your descendants learn to be self-reliant, it is also good to not take advantage of the elders and not sit back and rely on your own efforts to carry forward your family.

But when they really need the money, they will be given it.

It turned out that when Conard died, he left only a few hundred thousand dollars and a small portion of the equity to Barron. Most of the remaining family assets were donated to the Roman Catholic Church and a charitable foundation.

Barron was dissatisfied with this way of disposing of his estate. He believed that he had made a huge contribution to the growth of the family's wealth and should inherit the family industry, so he filed a lawsuit in court.

In 1988, Barron finally won the lawsuit and obtained the voting rights for the stocks held by the charitable fund. He became the true head of Hilton with control of 25% of the stock voting rights. At the same time, he could also receive interest from the trust fund's stocks for the next 20 years.

60% profit.

Barron also chose to donate his inheritance during his lifetime.

"Oriental Morning Post" mentioned in a report in December 2007 that Barron suddenly announced that year that he would donate 97% of his assets with a net worth of approximately US$2.3 billion to charity.

As a result, the dream of his lavish granddaughter Paris to inherit a huge family fortune was completely shattered.

Barron is the only member of the Hilton family to hold a fixed stake in the massive Hilton hotel chain.

All of the money will be placed in a charitable trust, with the ultimate beneficiary being the Conrad N. Hilton Foundation.

The foundation said in a statement that with the money, the total value of the foundation would reach $4.5 billion.

After the news was announced, the American media did not immediately interview Paris to learn her views on her grandfather’s estate planning.