Conrad Hilton’s profile picture

Conrad Hilton

American Hotelier and Businessman
Conrad Hilton’s profile picture
Net worth 2018: $2.3 Billion
Industry: Hoteliers
Residence: San Antonio, New Mexico Territory, United States of America
Country: United States
BirthDay: 25 December 1887
Sigh: Capricorn
Died On: January 3, 1979
Education: New Mexico Military Institute, New Mexico Institute of Mining and Technology
BIOGRAPHY

Conrad Hilton was bornon 25 December 1887 in San Antonio, New Mexico Territory, United States of America, American, is American Hotelier and Businessman. Conrad Nicholson Hilton was an American hotelier, who single handedly established the Hilton Hotel chain, the first of its kind in post-World War I era. Born towards the end of nineteenth century to a hard working father, who owned a general store and a devout mother, he learned the value of both work and worship early in his life. Although his initial aim was to become a banker, he became an hotelier when he watched streams of visitors entering and leaving the hotel in which he was sitting. Subsequently, he bought the hotel and within a year recouped his investment not only by optimizing the use of space, but also by providing additional benefits to the guests. Thereafter, he went on to acquire seven more hotels until the Great Depression almost reduced him to bankruptcy. However, he did not dither from his goal and once the depression was over, he began to add more hotels to his chain. By the time he retired, the chain owned 188 hotels in 38 cities within the country and 54 hotels abroad.

NET WORTH STATISTIC
2018

$2.3 Billion

TIMELINE
1979

Hilton died from natural causes on January 3, 1979, at the age of 91

1972

The Hilton Hotels Corporation finally bought the hotel outright in 1972

1966

In 1966, he gave up the active management of the company, naming his son Barron the President

1957

Published in 1957, the book is still considered a sort of Bible to all hoteliers

1954

In 1954, he purchased the company for a record price of $111,000,000

1950

Throughout the 1950s and 1960s, he kept on acquiring hotels both at home and abroad

1949

In October 1949 he fulfilled one of his long-cherished dreams and acquired the management rights of the prestigious ‘Waldorf-Astoria Hotel’ in New York City

1946

In 1946, he formed ‘Hilton Hotel Corporation’ and had it listed under the New York Stock Exchange the following year

1945

Next in 1945, he acquired Chicago's ‘Palmer House’ and the ‘Stevens Hotel’, which was till then the largest hotel in the world, and after renovating it he renamed it ‘Conrad Hilton

1943

In 1943, he bought the ‘Roosevelt Hotel’ in New York City

1942

In 1942, he shifted his headquarters to Los Angeles and from there he began to expand eastwards

1939

He not only bought back his old properties, but in 1939 he also built ‘Hotel Andaluz’ in Albuquerque, New Mexico

1934

Later in 1934, when trouble broke out between the couple, he granted her a divorce going against his will and teachings of the Roman Catholic Church

1927

Thereafter, he built the ‘Abilene Hilton’ in 1927; ‘Waco Hilton’ in 1928; and ‘El Paso Hilton’ in 1930

1925

Built at a cost of$1,360,000, the hotel was officially opened on August 6, 1925

1924

In 1924, Hilton decided to build his own hotel, ‘Dallas Hilton’ which was opened to the public the following year

1919

In 1919, Conrad Hilton set out for Wichita, where he tried to buy a bank and backed out when the seller raised the price at the last moment

1917

When in 1917, the United States of America joined the First World War, Conrad sold off his bank to join the war

1912

When the state of New Mexico was created in 1912, he was elected to its Legislature Assembly on the Republican ticket

1887

Conrad Nicholson Hilton was born on December 25, 1887 in San Antonio, New Mexico

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