Rick Hilton is an American entrepreneur. He is the chairman and co-founder of Hilton & Hyland, a Beverly Hills-based real estate brokerage firm that specializes in Beverly Hills, Holmby Hills, Bel-Air, Brentwood, Pacific Palisades, Malibu, and Hollywood Hills mansions and estates, as well as estates from Santa Barbara to San Diego.
Rick Hilton's Net Worth
In 2022, Rick Hilton is estimated to have a net worth of $350 Million. His real estate firm, Hilton & Hyland is his main source of income and is the primary reason why he has a massive net worth. The company which he founded in 1993, together with Jeff Hyland has led the luxury residential market in Los Angeles in 2021 with a 31% market share of sales priced at $20 Million above, a 23% market share of sales priced at $10 Million and above, and a 19% market shares of sales priced at $5 Million and above.
It’s also reported that Hilton & Hyland has an annual sales volume of $4 Billion with an average price per transaction of $6.87 million.
Aside from his businesses, Rick Hilton comes from an affluent family who owns the Hilton chain of Hotels. Basically, he was born with a golden spoon. Despite this, he was able to stand on his own two feet and was able to create his own empire. It’s actually a good idea that he was able to stand on his own because his father, Barron Hilton, has only left 3% of his wealth to be divided among his eight children, 15 grandchildren, and four great-grandchildren.
The remaining 97% of his money was donated to Conrad N. Hilton Foundation. This move by his father was to honor the wishes of his late grandfather, Conrad Hilton Sr., the founder of Hilton Hotels. Before dying, Conrad Hilton Sr. had a will written stating that he only leaves $500,000 each to his two remaining surviving sons, Eric and Barron Hilton, and $100,000 to his only daughter Francesca Hilton.
His father has contested his grandfather’s will and won. Barron Hilton may have seen his father’s vision for the foundation and decided to honor the original plan of his father, leaving Rick Hilton and his sibling with only a little inheritance. Regardless, he is still a millionnaire.
Rick Hilton's Early Life
Rick Hilton was born Richard Howard Hilton on August 17, 1955, in Los Angeles California to Marilyn June Hawley and Barron Hilton. Hilton comes from an affluent family. They own a hotel empire where his father, Barron, was the CEO. His grandfather Conrad Hilton Sr. founded Hilton Hotels.
Richard Hilton was the sixth child of the eight children of Marilyn June Hawley and Barron Hilton. His siblings include William Barron Hilton Jr., Hawley Anne Hilton, Steven Michael Hilon, David Alan Hilton, Sharon Constance Hilton, Daniel Kevin Hilton, and Ronald Jeffrey Hilton.
His brother, Steven Michael Hilton was the former chairman of the Conrad N. Hilton Foundation, a humanitarian charity founded by their grandfather which aims to improve the lives of disadvantaged and vulnerable people around the world.
Rick Hilton's Education
Rick Hilton attended Montclair College Preparatory School before studying at the University of Denver where he would eventually obtain his degree in Hotel and Restaurant Management.
Rick Hilton's Wife and Family Life
Rick Hilton is married to Real Housewives of Beverly Hills star, Kathy Hilton. They got married on November 24, 1979, when Kathy was only 20 and he was 23.
The couple five years prior to their marriage during a party. He was already 18 at that time and Kathy was only 15 years old. The couple were both attending Montclair College Preparatory School in Los Angeles during this time and they clicked and eventually went on to have a relationship.
They are blessed with five children. The eldest child, Paris Hilton was born on February 17, 1981, followed by Nicky Hilton born on October 5, 1983, Barron Hilton II, born on November 7, 1989, and youngest, Conrad Hughes Hilton born on March 3, 1994.
Their eldest daughter, Paris Hilton, is a socialite, businesswoman, model, DJ, and actress. She is married to Carter Reum, an author, entrepreneur, and venture capitalist.
Their second-born, Nicky Hilton is married to James Rothschild, a financier who comes from a family dynasty of Banking financers.
Barron Hilton II is now a successful actor and is currently married to Tessa Grafin von Walderdoff.
Conrad Hughes Hilton is not yet married, he currently lives a private life. In 2020, he was sent to prison for drug use.
Rick Hilton's Career
After college, Rick Hilton worked briefly in their family businesses. Eventually, Hilton joined Eastdil Secured, a real estate investment banking firm, in New York where he excelled in getting institutional and pension fund participation in a variety of transactions.
He founded Hilton Realty Investment in 1984 to deal with commercial real estate. On November 29, 1985, he acquired his broker’s license. On July 26, 1993, Hilton and Jeffrey Hyland received a corporate license for their real estate firm, Hilton & Hyland. Brentwood Country Estates is one of their developments.
Chad Rogers and Josh Altman, Frank Robinson’s daughter, Nichelle; Ron Kass’s son, Robert; Anne Heche’s ex-husband, Coleman Laffoon; Rayni Romito Williams and Branden Brent Williams, Richard D. Zanuck’s daughter-in-law, Marisa, are among Hilton & Hyland’s 106 salesmen. Hilton & Hyland reported revenues of about $3.5 billion in 2012. Williams & Williams has been associated with Hilton & Hyland Real Estate Inc. since 2006.
Today, his company Hilton & Hyland is one of Los Angeles’ leading luxury real estate brokerages. It has over $550 Million in total real estate sales, making Rick Hilton one of LA’s most richest.
Rick Hilton's Appearance (Height, Hair, Eyes & More)
| Height | 5 ft 9 in 1. 88 m |
|---|---|
| Weight | N/A |
| Hair Color | Brown / White |
| Eye Color | Green |
| Body Type | Fit |
| Sexual Orientation | Straight |
Facts About Rick Hilton
| Nationality | American |
|---|---|
| Estimate Net Worth | $350 million |
| Religion | Catholic |
| Zodiac Sign | Leo |
| Birthplace | Los Angeles, California |
| Birthday | August 17, 1955 |