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Richard Hilton is an American businessman and producer. He is the CEO and co-founder of Hilton & Hyland, a Beverly Hills-based real estate brokerage firm.
Richard is known for having a strong bond with his wife, Kathy Hilton, and his two socialite children, Paris Hilton and Nicky Hilton.
What Is Richard Hilton’s Net Worth?
The Business guru has a combined net worth of $350 million with his lovely wife, Kathy Hilton as estimated in February 2023. The couple has maintained a combined net worth since 1979 till date.
Richard Hilton’s Net Worth Annually
No doubt, Richard is one of the most successful estate brokers alive. With a net worth of $350 million, he boasts more income than the owners of top real estate companies like Larry Silverstein, Brandon Fugal and Nile Niami.
Although there is information online about Richard’s annual earnings, we can only discover his approximate net worth by analyzing his annual earnings.
An average real estate broker in the US’s annual earnings start from around $65,000 to about $174,124. Richard is not just an average real estate broker due to his achievements so far.
In June 2011, Hilton earned a whopping 3 million dollar commission upon the sale of Aaron Spelling’s estate to Petra Ecclestone for $150 million. This is a groundbreaking record that not all brokers can boast of.
Rick has also dabbled in movie production. He produced the movie “Curfew” in 1989. We don’t have information on how much the movie earned him but it couldn’t have fallen anything below $10,000 since an average producer earns about $50,000 annually.
Rick’s net worth is estimated to grow even more with time as he expands his empire and incorporates other businesses into the realty company.
How Did Richard Hilton Get Rich?
Richard Hilton is a renowned real estate broker who has pulled off many huge deals. His major source of income is Hilton & Hyland which he co-founded.
He is also a movie producer. He produced the 1989 crime drama “Curfew” and some other movies which featured his daughters Paris and Nicky.
Overall, Richard Hilton was able to gather a net worth of $350 million through his real estate company, Hilton & Hyland, and a couple of other side jobs.
Richard “Rick” Hilton was born on August 17, 1955, in Los Angeles, California to Barron and Marilyn June Hilton. The founder of Hilton Hotel, Conrad Hilton was his grandpa.
He is the sixth child of seven children. His siblings are Ronald Jeffrey Hilton (born in 1962), Hawley Anne Hilton (born in 1949), Steven Michael Hilton (born in 1950), David Alan Hilton (born in 1952), Sharon Constance Hilton (born in 1953), and William Barron Hilton Jr. (born in 1948). (born 1963).
In 1978, Rick earned a degree in hotel and restaurant management from the University of Denver. He followed the family line and not only invested in real estate but became a broker.
|Full Name:||Richard Hilton|
|Referred to as:||Rick|
|Birth Place:||Los Angeles, California, U.S|
|Birthday:||August 17, 1955|
|Weight:||80 kg (176.5 lbs)|
|Height:||6 ft 2 inch (1.88 m)|
|Parents Name:||Father: Barron Hilton
Mother: Marilyn June Hawley
|Children:||Paris Hilton, Conrad Hughes Hilton, Nicky Hilton Rothschild, Barron Hilton II|
|Siblings:||Steven M. Hilton, Ronald Jeffrey Hilton, William Barron Hilton, Jr.Sharon Constance Hilton, Daniel Kevin Hilton, David Alan Hilton, Hawley Anne Hilton|
|College:||University of Denver|
|Profession:||Real estate broker and producer|
|Popular for:||The Hilton family dynasty|
|Social Media:||Instagram: rickhilton7|
Career And Awards
Hilton started his career with the Eastdil Secured real estate investment banking company, New York branch. He specialized in securing pension funds and institutional investors in a variety of transactions in this capacity.
In 1984, Hilton established Hilton Realty Investment to manage commercial real estate, and in November 1985, he got his broker license. In 1993, a corporate license was granted to Hilton and Jeffrey Hyland for their real estate company, Hilton & Hyland.
One of their many well-known projects is Brentwood Country Estates. The 106 sales people employed by Hilton & Hyland include Coleman Laffoon, Anne Heche’s ex-husband, Chad Rogers, Josh Altman, and Marisa Zanuk, Richard D. Zanuk’s daughter-in-law.
Homes and estates in Beverly Hills, Holmby Hills, Bel Air, Brentwood, Pacific Palisades, Malibu, and Hollywood as well as estates from Santa Barbara to San Diego are Hilton & Hyland areas of expertise.
A 2006 partnership with Williams and Williams helped Hilton & Hyland Real Estate Inc to develop and distribute projects in the heavily sought-after luxury real estate market.
Five years later in June 2011, Hilton made a substantial amount of money in his career when he sold Aaron Spelling’s estate to Petra Ecclestone worth $150 million. He got a whopping $3 million in compensation.
He went on to represent the company (Candy Spelling and Ecclestone) and in 2013, the company made about $2 billion in sales. It remains one of the highest real estate agent commissions to date.
Aside from real estate, Rick has also explored Movie production. His first production job was in the 1989 crime drama, “Curfew”.
He has also worked as an executive producer on several television series that feature his daughters: “The World According to Paris” in 2011, 2009’s “Paris Hilton’s My New BFF”, and “I Want to Be a Hilton” in 2005.
Hilton married Kathy Avanzino on November 24, 1979. Rick was three years older than Kathy when they met and it was more like love at first sight. The family lives in the Bel Air neighborhood of Los Angeles.
The marriage is blessed with four offspring who are very famous people in society, just like their parents. Rick’s four children are Paris Hilton, Nicky Hilton, Barron Hilton II, and Conrad Hughes Hilton.
Paris is a well-known media personality, model, and actress, while Nick is a model, fashion designer, and businesswoman. Their mother, Kathy is also a popular star in the “Real Housewives of Beverly Hills” TV show.
Rick is not just a real estate broker, he also has personal real estate. Rick and Kathy bought a 7-bedroom 3-acre sprawling property in the Hamptons for $3.385 million in 1999. The property has been on rent over the years with prices ranging from 300,000 – $400,000.
Their current house in Bel-Air is also worth a staggering $9.2 million. They bought the large mansion with modern infrastructure and luxury in 2004
In 2014 Rick and Kathy also purchased a $2.5 million apartment in New York City’s Pierre Hotel.
Another important asset in the Hilton family is the car collection. Although we don’t have information on Richard Hilton’s car collection, we know that his wife Kathy has a $157,600 Range Rover SV Autobiography and a $311.900 Rolls Royce Ghost.
Their daughter, Paris is also one of the top celebrities with a collection of luxury cars.
Who is the richest in Richard Hilton’s Family?
Paris Hilton is the richest with a net worth of about $300 million.
How much is the Hilton Hotel family worth?
The family-owned hotel is worth over 14.2 billion dollars
Who is richer between the Hilton and the Kardashians?
Although the two share a long-old family connection, the Kardashians are richer than the Hilton.
How many hotels does the Hilton own?
The Hiltons own over 584 hotels across six continents.
Who is Richer between Hilton and Hyland?
Hilton is richer with a net worth of $350 million while Hyland’s net worth is about $25 or $30 million