What Does The Hilton Hotels Sale Mean For Paris?
Choire · 07/05/07 12:40PM![](http://d20hvt89h2l7r8.cloudfront.net/18s0ehr3w4dpdpng/c_scale,fl_progressive,q_80,w_800.png)
This week, Hilton Hotels Corporation agreed to a buyout by Blackstone Group, at the tasty price of $26 billion. Whatever does this mean for America's most important drunk driver? Well. The Hilton family owns less than 6% of the publicly traded stock. Apart from his compensation as co-chairman of the company, Paris' grandfather, Barron (not to be confused with her younger brother Barron!) Hilton controls a bit more than 20 million shares of the company, which, says the LA Times, would be worth around $990 million at the share purchase price of $47.50. (Left out of the will, Barron contested his father Conrad's arrangements, and won.) Last year, Barron's net worth was already estimated by Forbes at one billion dollars. So now let's say he has exponentially more money, in that way that the rich have.