The future fortune of Paris Hilton, the hotel heiress, has taken a hit after her grandfather said that he would give 97 per cent of his $2.3 billion (£1.15 billion) wealth to charity. Barron Hilton, 80, whose father Conrad founded the Hilton Hotel chain in 1919, will donate most of his fortune to the Conrad N Hilton Foundation. Only three per cent - $69 million - will be left to his heirs.

He has eight children and 23 grandchildren. Paris, who had stood to inherit an estimated $100 million, will now receive about $5 million after tax.

Mr Hilton, the chairman of the foundation, said he was “proud to follow my father’s example”. On his death, in 1979, Conrad Hilton left 97 per cent of his money to the foundation he had founded in 1944. But his son challenged the will and reached an accord dividing ownership of the shares with the foundation. Paris had no immediate comment. According to Forbes magazine, the socialite earned $6.5 million last year.

There have been conflicting reports about her relationship with her grandfather, who is said to be embarrassed by Paris, who gained notoriety for an internet sex tape and was jailed for probation violation in a drink-driving case.

Some more pictures of Paris Hilton at the beach in Maui taking a walk on Christmas day.

Some pictures of Paris and Nicky Hilton taking a Christmas Day stroll on the beach in Maui.

Some pictures of Paris Hilton shopping for her New Years Eve dress at ‘Alice and Olive’ on Robertson Boulevard.

Some pictures of Paris Hilton & Alexander Vaggo as they go to dinner in LA.

Here’s your chance to bid for the chance to see in the New Year with Paris Hilton - for more than $2,650. Paris Hilton fans are getting the chance to see in the New Year with their idol - but it will cost them more than $2,650.

Paris and sister Nicky are auctioning off a ticket for their New Year’s Eve party at Club LAX in Las Vegas on eBay. And so far the biggest bid is an incredible $2,600 - meaning fans wanting to party with Paris will have to top it. The auction is just one the things being sold off to raise money for their mother Kathy Hilton’s charity auction benefiting the Make-A-Wish Foundation.

She has an incredible array of celebrity items - including Tom Cruise’s signed Ray Ban sunglasses, Liz Taylor items, Paris’ watch and even a signed pair of jeans worn by Mel Gibson. “We’re grateful [Kathy] thought to do this during the holiday season,” said Brent Goodrich of Make-A-Wish, which grants wishes to kids with life-theatening medical conditions.

Some pictures of Paris Hilton out & about with her pooches in LA.

Some pictures of Paris Hilton going into a club in Hollywood.

Some pictures of Paris Hilton looking very hot from her recent Prosecco advertisement photoshoot.

Paris Hilton is launching her own brand of champagne and has decided to donate a percentage of the profits to charity.

The socialite will give 20 percent of the money made from the Rich Pressco line to a charity which provides fresh drinking water to people in need.

Some pictures of Paris Hilton promoting an alcoholic beverage in Berlin.

Some pictures of Paris Hilton as she promotes her new fragrance ‘Can Can’.