Richard Hilton Biography & Net Worth

Richard Hilton Biography & Net Worth

Richard Hilton is a notable American businessman. He is the chairman and one of the founders of Hilton & Hyland, the real estate brokerage firm headquartered in Beverly Hills, California, United States. His real estate firm specializes in homes and estates in Malibu, Beverly Hills, Bel Air, Holmby Hills, Brentwood, Hollywood Hills, Pacific Palisades, as well as estates from San Diego to Santa Barbara. He has made several millions of dollars from his lucrative occupation which has put him on the list of the richest men in California. Richard Hilton net worth serves as the symbol of how prosperous he has been in his career. Here’s Richard Hilton biography, business life, and success story which serves as an inspiration to upcoming business persons and also the younger generation.

Mr. Hilton is a member of the prestigious Hilton family of the United States of American, which is respected in the country and world over.

Richard Hilton’s Early Life

Richard Howard “Rick” Hilton was born on August 17, 1955in Los Angeles, California, United States. He is the sixth of eight children of Barron Hilton and Marilyn June. His grandfather, Conrad Hilton, was the founder of the prestigious Hilton Hotel.

Hilton attended the University of Denver, graduating in 1978 with a bachelor’s degree in hotel and restaurant management. His brothers and sisters include: Ronald Jeffrey Hilton (born 1963), Daniel Kevin Hilton (born 1962), Sharon Constance Hilton (born 1953), David Alan Hilton (born 1952), Steven Michael Hilton (born 1950), Hawley Anne Hilton (born 1949), and William Barron Hilton Jr. (born 1948).

Richard Hilton’s Career

After his graduation from the University of Denver, Richard Hilton joined the real estate investment banking firm New York office of Eastdil Secured. He specialized in securing pension funds and participation of institutional investors in various transactions. He soon decided it was time to make out something for himself, therefore, he established the Hilton Realty Investment in 1984, dedicated to handling  commercial real estate. On November 29 1985, he obtained his broker license and started to engage in his profession full time.

On July 26 1993, Richard Hilton and his business partner Jeffrey Hyland were issued a corporation license for Hilton & Hyland, a real estate firm which they founded together. Among their developments are the Brentwood Country Estates. Some of Hilton & Hyland’s 106 salespeople include Richard D. Zanuck’s daughter-in-law, Marisa, Frank Robinson’s daughter, Nichelle; former Million Dollar Listing cast members Josh Altman and Chad Rogers; Branden Brent Williams; Rayni Romito Williams; Anne Heche’s former husband, Coleman Laffoon; and Ron Kass’s son, Robert.

In 2012, Hilton & Hyland reported nearly $3.5 billion in sales alone. Since 2006, Williams & Williams have been associated with the Hilton & Hyland Real Estate Inc. The two companies joined forces to enlarge and distribute projects in the very competitive real estate luxury market.

Additionally, Richard Hilton has also worked as an executive producer on many of the TV series featuring his famous daughters.

Awards & Achievements

Richard Hilton has achieved fame and success as the founder of one of the most famous and largest real estate businesses known in the world. His Hilton & Hyland Corporation has achieved tremendous success in the real estate business, and has contributed immensely to his fortune and fame as well. He has also achieved tremendous success in opening a chain of restaurants and hotels known as Hilton Hotels, which is now located across many cities in the world. While there is no award credited to his name, he has produced some of the television show featuring his children, and they went on to be top hits achieving commercial success across the world.

Personal Life & Family

On November 24 1979, Richard Hilton married Kathy Avanzino. Together, they have four children: Conrad Hughes Hilton (born March 3, 1994), Barron Hilton II (born November 7, 1989), Nicky Hilton (born October 5, 1983), and Paris Hilton (born February 17, 1981). They also have three grandchildren, Lily Grace Victoria Rothschild, born to their second daughter Nicky and her handsome husband James Rothschild in 2016, Milou Alizée Hilton, born in 2020 from his first son Barron and his wife Tessa, and Teddy Marilyn Rothschild, born in 2017.

Richard Hilton Net Worth

Richard’s real estate business has done so well for him financially, alongside his booming hotel and restaurant business. He also gains a reasonable income by serving as executive producer on some popular television series.

As of this writing, Richard Hilton net worth is $320 million. He has been able to maintain the social status of his family, and has put in effort to retain the pride and fane of the Hilton family. Rick Hilton and his wife Kathy paid $3.385 million for a property in the Hamptons in 1999. Over the years the couple has acquired more properties. They own a $2.5 million worth apartment in New York City’s Pierre Hotel, and a large mansion in Bel Air which they bought for $9.2 million.