Heir-less Paris Hilton

Dec 28, 2007, 13:30 GMT

Paris Hilton EPA/PEER GRIMM

Paris Hilton is set to lose a huge slice of her inheritance after it was revealed her billionaire grandfather is leaving almost all of his money to charity.

'The Simple Life' star had been in line to inherit a large share of hotel founder Barron Hilton's $1.2 billion, but he will now donate 97 per cent of it to the Conrad N Hilton Foundation, set up by his father.

Barron's son Steven, Paris's uncle and president and chief executive of the foundation, said: -Speaking for the family, as well as the foundation, we are all exceedingly proud and grateful for this extraordinary commitment.

-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.-

Barron was said to have grown very frustrated by Paris' behaviour, which included her spending 23 days in jail for driving offences and the sex tape, 'One Night In Paris', featuring her having sex with her then boyfriend Rick Salomon, being leaked onto the internet.

Earlier this year, Jerry Oppenheimer, author of 'House Of Hilton: From Conrad To Paris: A Drama Of Wealth, Power and Privilege' said: -Barron Hilton was, and is, extremely embarrassed by how the Hilton name has been sullied by Paris.-

Barron's money will now go to help the homeless and provide clean water in Africa as well as helping fund the work of Catholic nuns.

Despite losing her inheritance Paris recently boasted of making of $200 million a year as it was so easy for her to make money.

She said: -I went to Austria and got paid $1 million to wave at a crowd and tell them why I loved Austria.-

Asked why she loved Austria, she replied: -They pay me $1 million to wave at crowds!-

According to Forbes Magazine, Paris earned approximately $2 million in 2003-2004, $6.5 million in 2004-2005, and $7.1 million in 2005-2006.

(C) BANG Media International