What is Richard Hilton’s Net Worth?

Richard Hilton is an American businessman and Chairman of Hilton & Hyland, a real estate brokerage firm in Beverly Hills. He has a net worth of $350 million, which is combined with his wife Kathy Hilton since 1979.

The couple is best-known for being the parents of socialites Paris Hilton and Nicky Hilton.

Early Life and Education

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.

He graduated from the University of Denver in 1978 with a degree in hotel and restaurant management.

His brothers and sisters are: William Barron Hilton Jr., Hawley Anne Hilton, Steven Michael Hilton, David Alan Hilton, Sharon Constance Hilton, Daniel Kevin Hilton, and Ronald Jeffrey Hilton.

Richard Hilton’s Career and Achievements

Richard Hilton joined Eastdil Secured, a real estate investment banking firm, in the New York office, where he specialized in securing institutional investors and pension funds for various transactions. In 1984, he formed Hilton Realty Investment to handle commercial real estate and obtained his broker license in 1985. He, along with Jeffrey Hyland, received a corporation license for their real estate firm Hilton & Hyland in 1993. Hilton & Hyland is known for developing Brentwood Country Estates and specializes in homes and estates in various areas.

Hilton & Hyland has 106 salespeople, including former “Million Dollar Listing” cast members Chad Rogers and Josh Altman, Coleman Laffoon, Anne Heche’s former husband, and Marisa Zanuck, Richard D. Zanuk’s daughter-in-law. Hilton & Hyland collaborated with Williams and Williams in 2006 to develop and distribute projects in the luxury real estate market.

In 2011, Hilton earned a record-breaking $3 million commission upon the sale of Aaron Spelling’s estate to Petra Ecclestone. He represented Candy Spelling and Ecclestone. The company reported nearly $2 billion in sales in 2013.

Aside from real estate, Hilton produced “Curfew,” a 1989 crime drama, and served as the executive producer for several TV series featuring his daughters, including “The World According to Paris” in 2011, “Paris Hilton’s My New BFF” in 2009, and “I Want to Be a Hilton” in 2005.

The Avanzino Family

Hilton and Kathy Avanzino got married in 1979 and are the parents of four famous children: Paris Hilton, born in February 1981, Nicky Hilton, born in 1983, Barron Hilton II, born in 1989, and Conrad Hughes Hilton, born in 1994. Hilton has three grandchildren, and he and Kathy currently reside in the Bel Air neighborhood of Los Angeles.

Real Estate Holdings

In 1999, Rick and Kathy Hilton purchased a 7-bedroom, 3-acre property in the Hamptons for $3.385 million. They have since rented it out over the summer seasons for $300,000 to $400,000. In 2004, they acquired a large mansion in Bel-Air for $9.2 million. And in 2014, the couple bought a $2.5 million apartment in New York City’s Pierre Hotel.

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