Richard Hilton’s net worth 2023: Richard Hilton remains a force to reckon with in real estate brokerage. How much do you know about him? Read on as we take you through the biography, family and personal life, salary, earnings, and net worth of Richard Hilton. What’s more, you’ll also learn how Richard Hilton made his fortune.
Who is Richard Hilton and How Much is He Worth?
||Richard Howard Hilton
|Date of Birth
||August 17, 1955
||6 ft 2 in (1.88 m)
|Country of Origin
||United States of America
|Source of Wealth
Richard Hilton is an American businessman with an estimated net worth of $350 Million. Hilton is the chairman and co-founder of Hilton & Hyland, a real estate brokerage firm based in Beverly Hills, California.
The firm specializes in residential and commercial estates in Beverly Hills, Bel-Air, Malibu, Holmby Hills, Hollywood Hills, Pacific Palisades, and Sanya Barbara. Hilton is also the father of his celebrity daughters Paris and Nicky Hilton.
Richard Howard Hilton was born on August 17, 1955, in Los Angeles, California, United States of America. His father was Barron Hilton and his mother was Marilyn June. Richard is the sixth of eight children. His siblings are William Barron Hilton Jr., Hawley Anne Hilton, Steven Michael Hilton, David Alan Hilton, Sharon Constance Hilton, Daniel Kevin Hilton, and Ronald Jeffrey Hilton.
For his education, Richard Hilton graduates with a degree in hotel and restaurant management from the University of Denver in 1978.
Following his graduation from college, Hilton got a job with Eastdil Secured, a real estate investment banking firm. His job description was to secure the participation of institutional investors and pension funds in various transactions. Here he garnered all the needed experience in real estate.
In 1984, Hilton formed Hilton Realty Investment to handle commercial real estate. A year later, he obtained his broker license. On July 26, 1993, Hilton and his business partner, Jeffrey Hyland were issued a corporation license for the real estate firm Hilton & Hyland.
Among his companies developments includes Brentwood Country Estates. The firm has brokered deals with over 112 persons. In 2012, the firm reported almost $3.5 billion in sales. In one of the deals that he facilitated, Hilton managed to get a $3 million commission for the sale of an estate for $130 million.
His firm also represents some of the greatest homes in the United States including the sale of Candy Spelling’s 56,000 square foot, 123 room Holmby Hills Estate. The property was sold for a record-breaking $85 million with Hilton representing both the buyer and the seller.
Companies like Williams & Williams are affiliated with the Hilton & Hyland Real Estate and together, they have partnered to develop residential and commercial projects.
Hilton is also a representative of Candy Spelling and Ecclestone. In 2013, the company recorded almost $2 billion in sales.
In addition to his lucrative real estate career, Hilton has also ventured into TV production. He produced the crime movie “Curfew” in 1989. He also served as the executive producer on a number of television series that feature his daughters including “The World According to Paris”, “Paris Hilton’s My New BFF”, and “I Want to Be a Hilton”.
Richard Hilton is happily married to Kathy Avanzino. The couple exchanged their marital vows on November 24, 1979. Together, they have four children: Paris Hilton, Nicky Hilton, Barron Hilton II and Conrad Hughes Hilton. Hilton is also a grandfather his second and third children also have children.
Social Media Accounts
Richard Hilton is a businessman, however, he has an impressive number of fans on his social media pages where he shares a bit of his personal life. As of the time of writing, Hilton has over 151,000 Instagram followers.
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Richard Hilton Net Worth, Salary and Earnings 2023
As of October 2023, Richard Hilton has an estimated net worth of $350 Million. He accumulated this net worth from sealed deals at his real estate brokerage firm and his earnings as co-founder of Hilton & Hyland.
Richard Hilton’s Real Estates
Richard and his wife Kathy Hilton also own several real estate properties in many prime locations in the United States. In 1999, the couple paid $3.385 million for a 7-bedroom 3-acre property in the Hamptons. Over the years, this property has been rented over the summer seasons for about $300,000 – $400,000.
In 2004, Richard and Kathy bought a large mansion in Bel-Air for $9.2 million. In 2014, they also paid $2.5 million for an apartment in New York City’s Pierre Hotel.
The couple also paid $9 million for a mansion in Bel-Air in 2016. The three-story mansion home has eight bedrooms, 16 bathrooms, an open concept kitchen, a grand foyer, a custom marble fireplace, a library, a gym, an 850-bottle wine room, and a 4K home theater.
Outdoors there is a terrace that spans 3,300 square feet, as well as a swimming pool, spa, a custom pool house, and canyon views. They spent $26 million to renovate the property. In 2021, this property was listed for $55 million.
Richard Hilton is an American businessman with an estimated net worth of $350 Million. Hilton is the chairman and co-founder of Hilton & Hyland, a real estate brokerage firm based in Beverly Hills, California. Hilton has built wealth through real estate and has brokered deals worth billions over the course of his career.