Businessman

Richard Hilton net worth

Richard Hilton net worth: Early life, career, personal life, and net worth

Introduction

Richard Hilton is a popular American businessman, the current chairman, and the co-founder of Hilton and Hyland. It is a highly-acknowledged real estate brokerage company that deals with luxury homes in some of the prime areas of the USA including Beverly Hills and Hollywood Hills. Richard Hilton is the father of famous celebrities Paris and Nicky Hilton. Richard’s current net worth is estimated to be around $350 million. 

Early life

Richard Hilton is the son of Marilyn Hilton and Barron Hilton. Richard has seven siblings. His grandfather, Conrad Hilton was the owner of the famous Hilton Hotel chain. Richard was raised in a strong family background and consequently followed the successful footsteps of his father and grandfather. 

Richard studied at the University of Denver after completing his high school education. He graduated by specialising in hotel and restaurant management. 

Richard Hilton net worth and career

Richard started working in a real estate investment banking firm called Eastdil Secured after completing his education. He was trying to generate the pension funds as well as to make deals with different institutional investors through the firm. After some time, Richard started his own company called Hilton Realty Investment whose aim was to focus on commercial real estate projects. Through his company, he gained more experience and was capable of initiating bigger business this time. 

Richard decided to co-found the venture, Hilton & Hyland, in 1993 after getting his broker licence. This company started providing real estate brokerage services. These ventures had led him to the development of the few most luxurious homes in the entire world for famous personalities including Chad Rogers, Coleman Laffoon, and Josh Altman. 

In 2012, the company managed to generate revenue of $3.5 billion which was a significant success. In one of his deals, he earned a commission of $3 million for the sale of an estate of $150 million. The brokerage of Hilton set the record for the most sales in prime areas such as Malibu and Brentwood. 

Personal life

Richard Hilton came across Kathy Avanzino at the age of 18 while Kathy was 3 years younger than him. They instantly felt a connection between them which grew stronger by the time. They got married in 1979. They have four children; two daughters and two sons.

His daughters, Paris and Nicky are famous models, actresses, and fashion designers. Furthermore, his wife Kathy is a popular celebrity as she appeared on a popular show The Real Housewives of Beverly Hills where she got immense love from fans.  

The couple has three grandchildren so far and more to come in coming years. 

Richard Hilton net worth

As of present times, Richard Hilton’s net worth is estimated to be around $350 million. Mr. and Mrs. Hilton also possess various real estate properties in many prime locations of the US. 

They bought a 3-acre house in 1999 in the Hamptons for more than $3 million. After five years, they made a bigger purchase of a mansion in Bel Air worth more than $9 million. Recently they have purchased a luxury apartment in New York for $2.5 million. 

 

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