Conrad Hilton Net Worth At Death
Conrad Hilton had an estimated net worth of $1 Billion at death. He founded the Hilton Hotel empire and grew it into one of the largest private companies in the U.S., consisting of over 3600 hotels worldwide. He earned the majority of his income from the Hilton Hotel.
Conrad Hilton was born in San Antonio, New Mexico on December 25, 1887. At the age of 21, he took over his father’s general store and was elected to the New Mexico State Legislature. After serving in WWI, Hilton purchased the Mobley Hotel in Cisco, Texas, and expanded it into a hotel empire. In 1946, he founded the Hilton Hotels Corporation and expanded his operations outside of the United States. He passed away in 1979.
To calculate the net worth of Conrad Hilton, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1 Billion|
|Monthly Salary:||$10 Million+|
|Annual Income:||$100 Million+|
|Source of Wealth:||Businessperson, Hotel manager, Investor|
Hotel magnate and business owner On December 25, 1887, in San Antonio, New Mexico, he was born. Hilton, the son of a local businessman, took over his father’s general store when he was 21 years old. He then entered politics and served two terms in the New Mexico State Legislature.
During World War I, Hilton served in the United States Army. He returned to San Antonio for a time after the war, but then moved to Texas to seek his fortune. He intended to buy a bank, but instead purchased the Mobley Hotel in Cisco. He soon added more hotels throughout the state.
Hilton was able to build a hotel empire despite suffering a major financial setback during the Great Depression. He believed that each property should have its own distinct style and not appear to be part of a chain. In 1946, he established the Hilton Hotels Corporation. His hotel empire included the famous Waldorf-Astoria in New York City, which he leased in 1949. Hilton began to expand his operations outside of the United States around this time and renamed the company. The Hilton International Company grew to become one of the world’s largest hotel companies. Credit cards, car rentals, and other services were added to the company’s offerings. In the 1960s, Hilton handed over the reins of the company to his son Barron, but he remained chairman of the board.
Hilton had three sons with his first wife, Mary Barron: Conrad Nicholson, Jr., William Barron, and Eric Michael. In 1925, the couple married and divorced nine years later. He married Hungarian actress Zsa Zsa Gabor in 1942, and they had a daughter named Francesca. That union ended in 1946. He married Mary Frances Kelly thirty years later.
Conrad Hilton died on January 3, 1979, in Santa Monica, California, at St. John’s Hospital. He is remembered as a hotel industry titan who left a lasting impression on the industry. Aside from his business accomplishments, Hilton established the Conrad N. Hilton Foundation in 1944, which awards an annual prize to exemplary organizations working to end global suffering. It also funds programs for the blind and homeless people, as well as educational initiatives.
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