Paris Hilton's family does not own the Hilton hotel chain anymore, as the vast majority of the family's original ownership stake was sold off decades ago by her grandfather, Barron Hilton. While her great-grandfather, Conrad Hilton, founded the iconic hospitality empire, subsequent corporate transactions, leveraged buyouts, and acquisitions by private equity firms like Blackstone completely transitioned ownership away from the Hilton family, leaving contemporary descendants to pursue independent careers in entertainment, fashion, and business media.