Barron Hilton Net Worth: A Look At The Founder Of Air Finance Corporation

Barron Hilton Net Worth Quick Facts

Aspect Information
Net Worth $4.5 Billion
Birthdate Oct 23, 1927 – Sep 19, 2019 (91 years old)
Birthplace Dallas
Gender Male
Profession Businessperson, Socialite, Investor, Magnate
Nationality United States of America

 

Barron Hilton Net Worth
Barron Hilton Net Worth

Barron Hilton Net Worth

At the time of his death in 2019, Barron Hilton, an American businessman and socialite, possessed a net worth of $4.5 billion.

Early Life

Barron Hilton was born in Dallas, Texas, on October 23, 1927, to Mary Adelaide and Conrad Nicholson Hilton.

He developed a keen interest in aviation from a young age, obtaining his pilot’s license at 17 and serving as a Navy photographer during World War II.

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Barron Hilton Early Career

After the war, he declined his father’s offer to join the family business, opting instead to pursue various ventures.

He was involved with companies like Vita-Pakt Citrus Products and co-founded MacDonald Oil Company.

Additionally, he founded Air Finance Corporation, one of the nation’s first aircraft leasing businesses.

Barron Hilton Net Worth: Disinheriting Paris

Despite intending to leave his fortune to his family, Barron amended his will in 2007 due to embarrassment over his granddaughter Paris’s public image.

Consequently, the majority of his estate was redirected to the Conrad N. Hilton Foundation, significantly reducing the inheritance for his family members.

American Football League

In 1959, Lamar Hunt offered Hilton the Los Angeles franchise in the newly formed American Football League, and Hilton accepted, naming his team the Chargers.

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Career with Hilton

In 1954, Hilton was elected Vice President of Hilton Hotels and oversaw the company’s franchise operations.

His role expanded over time, eventually becoming President and CEO of Hilton Hotels Corporation.

Hilton played a significant role in the expansion and modernization of the hotel chain.

Barron Hilton Net Worth: Vegas Casinos

In the 1970s, Hilton wisely invested in Nevada casinos, acquiring what would become the Las Vegas Hilton and the Flamingo Hotel.

This move significantly contributed to the family wealth, with the Las Vegas properties generating substantial income.

Other Career Achievements

Hilton aggressively expanded the domestic hotel chain through franchising.

He negotiated strategic acquisitions, such as the purchase of the Waldorf-Astoria in 1977, and launched successful brands like Conrad International and Hilton Garden Inn.

Hilton also oversaw the company’s growth through acquisitions, such as Embassy Suites and Doubletree.

Barron Hilton Net Worth: Hilton Family Fortune

When Conrad Hilton passed away in 1979, 97% of his estate was initially left to charity, but a court ruling allowed Barron to retain control of the family enterprise.

Blackstone acquired Hilton in 2000 for $20 billion.

Personal Life

Hilton married Marilyn June Hawley in 1947, and they remained married until her passing in 2004, raising eight children together.

Hilton was an aviation enthusiast and received numerous honors for his contributions to the field.

He passed away in 2019 at the age of 92, leaving a significant portion of his estate to the Conrad N. Hilton Foundation.

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