Richard Hilton is an American businessman who is currently working as the chairman and co-founder of Hilton & Hyland. This is a Beverly Hills-based real estate brokerage firm. Hilton & Hyland specializes in estates and homes in numerous locations across California. Richard Hilton is estimated to have a net worth of $350 million.
Early Life
Richard Howard Hilton is the full name of Richard Hilton. He was born in Los Angeles, California. Richard Hilton is the sixth of eight children in the Hilton Family. His parents are Barron Hilton and Marilyn June. Richard’s father, Barron Hilton, was a business magnate, sportsman, and philanthropist.
The successor of the hotelier, Conrad Hilton, is the grandfather of Richard Hilton. Conrad Hilton founded the global brand of full-service hotels and resorts — Hilton Hotel. Thus, Richard Hilton grew up with great family background.
Talking about the educational background of Richard Hilton, he took a degree in hotel and restaurant management from the University of Denver. Richard Hilton graduated in 1978 from the following University.
Career
After graduation, Richard Hilton joined a real estate investment banking firm — Eastdil Secured. Joining the investment firm, Richard Hilton specialized in securing institutional investors’ participation.
Later, Richard implemented his experience forming Hilton Realty Investment. The firm handled commercial real estate. The Hilton Reality Investment Firm obtained its broker license on 29 November 1985.
In 1993, Richard Hilton and Jeffrey Hyland obtained a corporation license for the real estate firm, Hilton & Hyland. Since then, Richard Hilton has been actively associated with the Hilton & Hyland Real Estate Inc.
Richard’s devotion to the Hilton & Hyland has led to the development of the most luxurious homes in the entire world — especially in Beverly Hills, Malibu, Hollywood Hills, Bel-Air, Holmby Hills, Pacific Palisades, and Brentwood.
In 2012, under the leadership of Richard Hilton, the company grossed $3.5 billion in sales revenue. He managed a $3 million commission for the sale of an estate that was worth $150 million. Richard’s business policy set a record of most sales in prime areas.
Richard Hilton Net Worth:
As of this writing, Richard Hilton is estimated to have a net worth of $350 million. All credit goes to his extraordinary leadership to make Hilton & Hyland Real Estate Inc., a giant brokerage firm. Besides, he and his wife, Kathy Hilton own several real estate properties in prime locations in the US.
How does Richard Hilton make money?
Richard Howard Hilton has grossed most of his net worth from the real estate brokerage firm — Hilton & Hyland. Under his leadership, Hilton & Hyland grossed $3.5 billion in sales revenue. Richard managed a $3 million commission for the estate of $150 million.
In 2011, Richard managed a $3 million commitment from the sale of Aaron Spelling’s estate. This estate was sold to Petra Ecclestone.
In 2013, Richard Hilton made a blast of commissions selling his mansion in Hollywood Hills, Hamptons, and Bel Air. He made a $19.3 million commission selling these estates in these locations.
Richard Hilton gained more than $2.5 million in commission selling the palatial Pierre Hotel in 2014. The Company shows a significant size of business under the leadership of Richard Howard Hilton.
Personal Life
Richard Hilton and Kathy Avanzino tied the knot in 1979. They first met when Richard was only 18 whereas Kathy was 15! Over the years, they made their instant connection stronger and stronger.
Currently, Richard Hilton and his wife are blessed with four children. They are Paris Hilton, Barron Hilton, Nicky Hilton, and Conrad Hughes Hilton. Among these, Paris and Nicky Hilton are famous media personalities.
Richard Hilton and his family are now living in Bel Air, Los Angeles. He has three grandchildren. Nicky Hilton and her husband, James Rothschild gave birth to these children. Richard will probably be blessed with more grandchildren in the coming days.
Talking about Kathy Avanzino, she has become a famous media personality appearing in the popular show — The Real Housewives of Beverly Hills. Thus, many fans across the world have come to know Richard Hilton through his wife Kathy Avanzino.
What is Richard Hilton doing now?
Richard Howard Hilton is still actively serving the Hilton & Hyland. Since 2006, he has been in the leadership of the Hilton & Hyland Real Estate Inc.
Richard Hilton: At a Glance
| Full Name | Richard Howard Hilton |
| Gender | Male |
| Date of Birth | 17 August 1955 |
| Birth Place | Los Angeles, California, United States |
| Height | 1.88 m |
| Weight | 80 kg |
| Spouse | Kathy Avanzino |
| Children | 4 |
| Profession | Businessman |
| Nationality | American |
| Net Worth | $350 million |
Sources
- https://www.hiltonhyland.com/ — About Hilton & Hyland.
- https://www.hollywoodreporter.com/lists/hollywoods-top-30-real-estate-agents-1038560/ — Hollywood Report featuring Hilton & Hyland.
