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Barron Hilton, patriarch of the Hilton clan and holder of a sizable stake in the Hilton Hotel chain, is reported to have axed his granddaughter's inheritance of $60M.

Dismayed by Paris' home sex video and her wild wild behavior, last month's 23-day jail sentence was the last straw for the Hilton patriarch.

Instead of

leaving unearned wealth to his family,

the money will instead go to the Conrad N. Hilton Foundation, a foundation named after the founder of the family business.

source