Basic Information About Richard Hilton
|Businessperson, Television producer
|Date of birth
|1955-08-17 (68 years old)
|Place of birth
|United States of America
Net Worth Details
Richard Hilton is an American businessman who is the Chairman and co-founder of Hilton & Hyland, a real estate brokerages firm based in Beverly Hills. Richard Hilton has a net worth of $350 million. That is a combined net worth with his wife since 1979, Kathy Hilton . Rick and Kathy are perhaps best-known for being the parents of socialites Paris Hilton and Nicky Hilton .
What is Richard Hilton known for?
Richard ‘Rick’ Hilton was born on August 17, 1955, as the sixth of eight children of Barron Hilton and Marilyn June. His grandfather is Hilton Hotel founder Conrad Hilton. Throughout his career, Richard has made a name for himself in the real estate industry, particularly in luxury real estate in Beverly Hills. He is also recognized as the father of Paris Hilton and Nicky Hilton, both renowned socialites and entrepreneurs.
Early life and education
Richard Hilton was born into a prominent family with a strong business background. Growing up, he was exposed to the world of business and real estate. In 1978, Rick graduated from the University of Denver with a degree in hotel and restaurant management.
After completing his studies, Richard Hilton joined the New York office of Eastdil Secured, a real estate investment banking firm. It was in this role that he specialized in securing institutional investors and pension funds in various real estate transactions.
In 1984, Hilton formed Hilton Realty Investment to handle commercial real estate and obtained his broker license in November 1985. Working together with Jeffrey Hyland, they obtained a corporation license for their real estate firm Hilton & Hyland in 1993.
Hilton & Hyland is known for its prestigious developments, including the Brentwood Country Estates. The firm represents some of the most valuable homes and estates in Beverly Hills, Holmby Hills, Bel Air, Brentwood, Pacific Palisades, Malibu, Hollywood Hills, as well as estates from Santa Barbara to San Diego.
In June 2011, Richard Hilton achieved a record-breaking $3 million dollar commission upon the sale of Aaron Spelling’s estate to Petra Ecclestone. The sale had been on the market for two years at a staggering $150 million. Hilton represented both Candy Spelling and Ecclestone in the transaction.
Aside from his successful real estate career, Richard Hilton has also dabbled in producing. He served as a producer for the 1989 crime drama ‘Curfew’, and as an executive producer for television series featuring his daughters, such as ‘The World According to Paris’ in 2011, ‘Paris Hilton’s My New BFF’ in 2009, and ‘I Want to Be a Hilton’ in 2005.
Richard Hilton’s biggest achievement lies in his successful real estate career. His firm, Hilton & Hyland, has established itself as a leader in luxury real estate in Beverly Hills and surrounding areas.
Throughout his career, Hilton has secured numerous high-profile transactions and earned a reputation for his expertise in the real estate market. His ability to connect with institutional investors and handle complex deals has contributed to his success.
Richard Hilton’s involvement in producing television series featuring his famous daughters also showcases his versatility and entrepreneurial spirit.
Richard Hilton married Kathy Avanzino on November 24, 1979. Together, they have four famous children: Paris Hilton, Nicky Hilton, Barron Hilton II, and Conrad Hughes Hilton. Over the years, Hilton has become a proud grandfather to three grandchildren.
Rick and Kathy Hilton reside in the Bel Air neighborhood of Los Angeles, where they enjoy a lavish lifestyle befitting their successful careers and high-profile status.
Personal Real Estate
Richard and Kathy Hilton own impressive properties both in California and other exclusive locations. In 1999, they purchased a 7-bedroom, 3-acre property in the Hamptons for $3.385 million. This property has been traditionally rented out during the summer seasons for prices ranging from $300,000 to $400,000.
In 2004, the couple acquired a grand mansion in Bel-Air for $9.2 million. Their prime real estate portfolio also includes a luxurious apartment in New York City’s prestigious Pierre building, which they purchased for $2.5 million in 2014.
In summary, Richard Hilton has achieved success and recognition in the world of luxury real estate. With his significant net worth and esteemed reputation, he continues to be a prominent figure in the industry. Beyond his professional accomplishments, he cherishes his role as a loving husband, father, and grandfather.