$1.2-Billion Pledged by Hilton Heir

By Maria Di Mento

The hotel mogul William Barron Hilton has pledged $1.2-billion to the Conrad N. Hilton Foundation, in Reno, Nev., and last month announced his plans to give most of the rest of his fortune to the organization when he dies.

The $1.2-billion gift will push up the total value of the foundation and its affiliated charities to $4.3-billion, making it one of the wealthiest...

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