DEAD: Conrad Hilton

DEAD: ON THIS DATE

Conrad Hilton (aged 91)
-American hotelier


Conrad Nicholson Hilton (December 25, 1887 – January 3, 1979) was an American hotelier and the founder of the Hilton Hotels chain.

DEATH: On January 3, 1979, Hilton died of natural causes at the age of 91. He is interred at Calvary Hill Cemetery, a Catholic cemetery in Dallas, Texas. He left $500,000 to his two surviving siblings, $100,000 to his daughter Francesca, and $10,000 to each of his nieces and nephews. The bulk of his estate was left to the Conrad N. Hilton Foundation, which he established in 1944. His son, Barron Hilton, who spent much of his career helping build the Hilton Hotels Corporation, contested the will, despite being left the company as acting President, Chief Executive Officer, and Chairman of the Board of Directors. A settlement was reached and, as a result, Barron Hilton received 4 million shares of the hotel enterprise, the Conrad N. Hilton Foundation received 3.5 million shares, and the remaining 6 million shares were placed in the W. Barron Hilton Charitable Remainder Unitrust. Upon Barron Hilton’s death, Unitrust assets will be transferred to the Hilton Foundation, of which Barron sits on the Board of Directors as Chairman.

-source

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s