Richard Hilton is a well-known American businessman. Before Hilton was prepared and able to lead independently, he had to start from scratch. The rest of history began with his creation of Hilton and Hylan.
Richard Hilton's Appearance (Height, Hair, Eyes & More)
|Height||6 ft 2 in|
Facts About Richard Hilton
|Estimate Net Worth||$1.5 billion|
|Birthplace||Los Angeles, California|
|Birthday||August 17, 1955|
Richard Hilton's Net Worth
American entrepreneur Richard Hilton has amassed a fortune. He is the chairman and a co-founder of “Hilton & Hyland.” Luxury residential properties are the focus of this real estate brokerage company’s transactions in prestigious areas like Beverly Hills and Hollywood.
As of 2023, his estimated net worth is $1.5 billion. His net worth has increased dramatically due to the successful real estate portfolio Hilton & Hyland has developed. Williams & Williams and Brentwood Country Estates are two of its well-known developments.
Richard Hilton's Early Life
On August 17, 1955, Richard Hilton was born in Los Angeles, California. He is the middle child of Marilyn June Hawley and Barron Hilton. He is the sixth child out of eight.
His mother worked as a Senior Accountant, while his father was an American business tycoon and the CEO of “Hilton Hotels Corporation.” He is the co-founder of “Hilton & Hyland,” a Southern California real estate brokerage firm specializing in luxury homes, and the grandson of “Conrad Hilton,” who founded the “Hilton Hotels.”
He also serves as an executive producer for several reality TV programs. Richard and Kathy Hilton’s oldest child, Paris Whitney Hilton, was born in New York City on February 17, 1981. She is the oldest child of socialite Kathy Richards Hilton and real estate entrepreneur Richard Hilton. Nicky Hilton is her sister, and Barron and Conrad are her brothers.
Richard Hilton's Education
His remarkable educational history includes a hotel and restaurant management degree from the University of Colorado, where he graduated. This degree greatly aided his work, which has helped him establish a solid corporate reputation.
Richard Hilton's Wife and Family Life
Kathy Hilton, Richard Hilton’s wife, was only a little over 15 when they married in 1979. Despite her youth, she had been an actress for a while, having acted in TV series like “Bewitched” and “Family Affair.”
He has four kids with his wife, Kathy. Their children are Paris Hilton, Nicky Hilton, Barron Hilton II, and Conrad Hilton III. (1) Paris Hilton, their oldest child, is an actress who has succeeded in the entertainment business, while Nicky Hilton is also a performer.
Despite coming from a wealthy family, Kathy was determined to work hard and succeed. Even better, she was hired as a banquet hall waiter, where she made $160 per week.
According to the Los Angeles Times, she also had a small gift and antique store on Sunset Plaza called The Staircase. During this time, she ran her fashion line and had a shop offering custom gifts.
However, her life changed when she met Richard, her husband. He was the grandson of Conrad Hilton, the founder of Hilton Hotels, who struggled with faithfulness.
Even if the Hilton family fortune has yet to be without its challenges, it is feasible to accumulate money and pass it on to subsequent generations. Barron Hilton, the first son of Richard Hilton, has established himself as a successful businessman, much like his grandpa.
He enjoys spending time with his family when he is not working at his company. He also owns Richard Hilton Vineyards, a winery in South Africa.
Richard Hilton's Career
After receiving his undergraduate degree, he chose to pursue a career in the hotel industry. He was employed with the Eastdil Secured office in New York. He was responsible for finding investors and managing numerous commercial real estate deals at this investment banking company.
He started working in the Eastdil Secured office in New York in 1978. The institutional investor and pension fund participation in diverse deals is a specialty of this real estate investment banking company. He was employed there until 1990, when he was appointed president and CEO of “Hilton & Hyland.”
He stayed with the business for a while before joining Hilton Realty Investments, which focuses on commercial real estate and property management. In 1993, he formed Hilton and Hylan in collaboration with Jeffrey Hylan. They have made a reputation in the real estate sector by selling houses valued at millions of dollars.
Richard Hilton's Controversies
Despite having a prosperous business career, Richard Hilton hasn’t always been a cheerful person. He was found guilty of many felonies and served time in prison for drug-related activities.
In addition, he and his brother-in-law, Mauricio Richards, were engaged in a family business battle. There were disagreements among the Hilton family members on whether Mauricio should be a partner in the family business. (2)
Richard Hilton's Humanitarian Works and Activism
Richard Hilton has committed his professional life to various charitable causes, such as fighting prostate cancer and homelessness. Also, he has donated to many cultural organizations in New York City, including the Metropolitan Opera and the Guggenheim Museum.
Conrad N. Hilton founded the Hilton Foundation in 1944. It carries out strategic initiatives in five priority areas; Supplying safe water, Ending chronic homelessness, Preventing substance abuse, looking after vulnerable children, and Extending Conrad Hilton’s support for the work of Catholic Sisters. (3)
Moreover, the Hilton Foundation presents the $1.5 million Conrad N. Hilton Humanitarian Award to a nonprofit group engaged in humanitarian efforts to lessen human suffering each year following an impartial, international panel selection.
Homeboy Industries, a New York-based nonprofit that provides employment opportunities for the homeless, has been named the 2020 Hilton Humanitarian Prize winner. Previous winners of the Prize include Handicap International (2011), Aravind Eye Care System (2010), the International Rehabilitation Council for Torture Victims (IRCT) (2003), SOS Children’s Villages/SOS-Kinderdorf International (2002), Doctors Without Borders/Medecins Sans Frontieres (1998), and the International Rescue Committee (1998). The Prize was presented in April at the Global Philanthropy Forum in Washington, D.C. (1997). These organizations were chosen by an impartial, recognized jury worldwide.
Hilton is also into social issues; he once tweeted, “when did we stop prosecuting people who ignore and refuse to respect subpoenas? how can congress possibly look weaker in their pursuit of the truth?”
Richard Hilton's Real Estate and Other Properties
Richard Hilton has various interests, but his enormous real estate holdings are one of the more intriguing. This includes several upscale houses in addition to the aforementioned hottest home, such as his most recent purchase, an opulent five-bedroom, seven-bathroom pad on the shores of Palm Springs that cost in the vicinity of US$135 million.
Apart from his renowned luxury properties, Hilton is most known for his well-documented engagement in several high-profile charitable projects, such as the one-up mentioned on the Las Vegas Strip.
- Ian, Richard Hilton Bio, ge, Family, Wife, Children, Hilton & Hyland, Net Worth, retrieved from https://biographyscoop.com/richard-hilton/
- Laura Rosenfeld, Mauricio Umansky Discusses His Current Relationship with Rick Hilton, https://www.bravotv.com/the-daily-dish/mauricio-umansky-rick-hilton-feud-update
- Akin Oyedele and Taylor Borden, Hilton was just named the best company to work for in the US. Here’s how the iconic Hilton family built their wealth, retrieved from https://www.businessinsider.com/how-the-hilton-family-got-so-rich-2014-10