Richard Hilton is an American businessman who is the chairman and co-founder of Hilton & Hyland, a real estate brokerage firm based in Beverly Hills, California. He is also the father of socialites Paris Hilton and Nicky Hilton and the son of Barron Hilton, the former president of Hilton Hotels. Here are some details about his life and career.
Richard Hilton Net Worth
Richard Hilton has a net worth of $350 million as of 2023. He has earned his fortune from his successful real estate business and his inheritance from his father. He also shares his wealth with his wife, who also has a net worth of $350 million.
Early Life and Education
Richard Howard Hilton was born on August 17, 1955, in Los Angeles, California, as the sixth of eight children of Marilyn June Hawley and Barron Hilton. His grandfather was Conrad Hilton, the founder of Hilton Hotels. 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.
He graduated from the University of Denver in 1978 with a hotel and restaurant management degree. He then joined the New York office of Eastdil Secured, a real estate investment banking firm, where he specialized in securing institutional investors and pension funds in various transactions.
Career and Business
In 1984, he formed Hilton Realty Investment to handle commercial real estate. He obtained his broker license in 1985. In 1993, he and Jeffrey Hyland were issued a corporation license for their real estate firm, Hilton & Hyland. The firm specializes in homes and estates in Beverly Hills, Holmby Hills, Bel-Air, Brentwood, Pacific Palisades, Malibu, Hollywood Hills, and estates from Santa Barbara to San Diego.
Some notable properties that Hilton & Hyland have sold or listed include the Playboy Mansion, the Spelling Manor, the Greystone Mansion, the Fleur de Lys estate, and the Owlwood estate. The firm also has a network of celebrity clients and agents, such as Chad Rogers, Josh Altman, Marisa Zanuck, Frank Robinson’s daughter Nichelle, Anne Heche’s former husband Coleman Laffoon, Rayni Romito Williams, and Branden Brent Williams.
In 2012, Hilton & Hyland reported almost $3.5 billion in sales. 2013, the company partnered with Christie’s International Real Estate to expand its global reach. In 2016, Hilton earned a record-breaking $3 million commission upon selling Aaron Spelling’s estate to Petra Ecclestone.
Besides his real estate business, Hilton has also dabbled in work as a producer. He produced Curfew, a 1989 crime drama starring Kyle Richards (his wife’s half-sister) and Wendy Cox.
Personal Life and Family
Hilton married Kathy Avanzino on November 24, 1979, when he was 24 years old, and she was 20 years old. They met in high school and have been together ever since. They have four children: Paris Hilton (born February 17, 1981), Nicky Hilton (born October 5, 1983), Barron Hilton II (born November 7, 1989), and Conrad Hughes Hilton (born March 3, 1994).
Paris and Nicky are well-known socialites who have also pursued careers in modeling, fashion design, acting, music, and business. Paris is also a DJ and an entrepreneur who has launched several brands and products, such as fragrances, clothing lines, accessories, books, and cosmetics. She is also an activist and a philanthropist who supports various causes such as animal rights, LGBTQ+ rights, environmental issues, and children’s charities. She married Carter Reum in 2021 and gave birth to their son, Phoenix Barron Hilton Reum, in 2023.
Nicky is also a fashion designer who has created her clothing lines and jewelry collections. She is also an author who wrote a book called 365 Style in 2014. She married James Rothschild in 2015, and they have three children: Lily-Grace Victoria Rothschild (born 2016), Teddy Marilyn Rothschild (born 2017), and a son (born 2022).
Barron is also a businessman and vice president at Hilton & Hyland. He married Tessa von Walderdorff in 2018, and they have two children: Milou Alizée Hilton (born 2020) and Caspian Barron Hilton (born 2022).
Conrad is also involved in the hospitality industry, owning several hotels under his HCH Hotels brand. He has also faced legal troubles due to his substance abuse issues and erratic behavior.
Hilton and his wife live in Bel Air, Los Angeles. They are also involved in various philanthropic activities, such as supporting the Make-A-Wish Foundation, the Starlight Children’s Foundation, the American Humane Association, the Children’s Hospital Los Angeles, and the Conrad N. Hilton Foundation.
Hilton lives a lavish lifestyle with his family. He owns several properties in Los Angeles, such as a mansion in Bel Air that he bought for $9.5 million in 2004, a penthouse in Beverly Hills for $6.7 million in 2012, and a condo in Westwood that he bought for $2.5 million in 2014. He also owns a ranch in Aspen, Colorado, that he bought for $8.25 million in 2019.
Hilton also enjoys traveling around the world with his wife and children. He has visited various destinations such as France, Italy, Greece, Spain, England, Switzerland, Japan, China, India, Australia, and more. He also likes to spend time with his grandchildren and spoil them with gifts and trips.
Hilton is also a fan of sports and cars. He likes to watch football, basketball, baseball, and golf. He also collects luxury and vintage cars like Rolls-Royces, Bentleys, Ferraris, Porsches, and Mercedes-Benzes.
Richard Hilton is a successful businessman who has built a real estate empire with his firm, Hilton & Hyland. He is also the father of famous socialites Paris Hilton and Nicky Hilton and the son of hotel magnate Barron Hilton. He has a net worth of $350 million and lives a luxurious lifestyle with his wife, Kathy Hilton, and their four children and six grandchildren.
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