Paris Is Gonna Be Pissed!!!!

She must be devastated!

Paris Hilton's grandfather, Barron Hilton, announced Wednesday that he's giving away almost all his fortune to charity!

The hotel tycoon is donating 97% of his 2.3 billion worth to the Conrad N. Hilton Foundation, named after the initial Hilton that founded the global hotel chain in 1919 with a small hotel in Cisco, Texas.

That means that Barron's kids and grandkids are gonna be left with just $69 million to split amongst them. AND they have to pay taxes on that!

Pennies!

Dang. We kinda feel sorry for Paris. Don't U?

But, then again, the people of the world are over $2 billion richer now!

Hopefully the Conrad N. Hilton foundation will distribute the money wisely.