Richard Howard Hilton is an American businessman who is the current chairman and the co-founder of Hilton & Hyland. This real estate brokerage deals with luxury homes in prime areas such as Beverly Hills or Hollywood Hills. Richard Hilton is also well-known as the father of Nicky Hilton and Paris Hilton, his two celebrity daughters. Richard Hilton’s net worth is approximately $350 Million as of 2023.
|Full Name||Richard Howard Hilton|
|The Birth Date||August 17, 1955|
|Birth Place||Los Angeles, California, U.S|
|Status of a Relationship||Married|
|Net Worth||$350 million|
Richard Hilton is one eight children of Marilyn Hilton, Barron Hilton. Conrad Hilton, Conrad Hilton’s grandfather, was the founder of Hilton Hotels. Richard was fortunate to have a rich family history and was able to follow in his father’s footsteps.
Richard graduated from the University of Denver after completing his high school education. He specialized in restaurant and hotel management.
Richard Hilton’s Net Worth and Career
Richard started his career in real estate investment banking after completing his education. Richard was responsible for the management of the pension funds and made deals with institutional investors. Richard eventually started Hilton Realty Investment to concentrate on commercial real-estate projects. He gained more knowledge and started to do large business.
After receiving his broker license, Richard decided to co-found the venture called Hilton & Hyland in 1993 that provided real estate brokerage services. His ventures led to some of the most luxurious homes around the world for famous personalities like Chad Rogers, Coleman Laffoon and Josh Altman.
The company had achieved $3.5 billion in sales by 2012 which is a testament to the size of their business. Hilton was able to secure a $3million commission on a $150 million estate sale. Richard’s venture has become the brokerage that has the record for the most sales in prime areas such as Malibu and Brentwood.
Richard Hilton met Kathy Avanzino When he was 18, Kathy was only three years older than him. Their instant connection grew stronger with each passing year. Their marriage was a result of this. They have four children together, including two daughters as well as two sons.
Paris Hilton, who is now a famous media personality, model and actress, and Nicky Hilton, who is a fashion designer and model, are his two daughters. Many people around the globe have also come to know Richard through his wife Kathy, who was a part of The Real Housewives of Beverly Hills. Kathy was one of the most beloved stars.
Richard and Kathy currently have three grandchildren. There will be more in the future.
Richard Hilton Net Worth
Richard Hilton’s net worth is estimated at $350 million as of 2023. Richard and Kathy Hilton also have several properties in prime locations throughout the United States.
In 1999, they purchased a 3 acre Hamptons property for more than $3,000,000. Five years later they bought a Bel Air mansion worth more than $9million. Their most recent purchase was a New York apartment that they purchased for $2.5million.