Tom Hicks Net Worth
How Much money Tom Hicks has? For this question we spent 4 hours on research (Wikipedia, Youtube, we read books in libraries, etc) to review the post.
The main source of income: Billionaires
Total Net Worth at the moment 2021 year – is about $1 Billion.
Tom Hicks information Birth date: February 7, 1946 Birth place: Dallas, Texas, United States Profession:Businessperson, Investor, Financier Education:University of Southern California, University of Texas at Austin Nationality:United States of America Siblings:Steven Hicks
:How tall is Tom Hicks – 1,86m.
How much weight is Tom Hicks – 81kg
Biography,The son of a Texas radio station owner, Hicks was born in Houston, Texas, and graduated from Thomas Jefferson High School, in Port Arthur, Texas, in 1964. received his Bachelors degree in Finance from the University of Texas in 1968, and received his MBA from the University of Southern California in 1970. He is a member of the Sigma Phi Epsilon social fraternity.Hicks became interested in leveraged buyouts as a member of First National Bank of Austins venture capital group. Hicks and Robert Haas formed Hicks & Haas in 1984. The next year that firm bought Hicks Communications, a radio outfit run by Hicks brother Steven – the first of several media companies bought or created by the buyout firm that involved Steven (Capstar, Chancellor, and AMFM).Hicks & Haas in the mid-1980s bought several soft drink makers, including Dr Pepper and 7 Up. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned $88 million of investor funding into $1.3 billion. The pair went their separate ways in May 1989. He wanted to raise large pools to invest, while Haas preferred to work with investors deal by deal.In 1989, Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst with former Prudential Securities banker John Muse. The firm raised $250 million, with early investments including a life insurance company, Life Partners Group (bought in 1990 and sold in 1996). In 1991, Morgan Stanleys Charles Tate and First Bostons Jack Furst became partners. Hicks was chairman from 1989 to 2004, Hicks Muse raised $12 billion of private equity funds, consummated over $50 billion of leveraged acquisitions, and grew to become one of the largest private investment firms in the country.But Hicks Muse hit a rough patch by the early 2000s, when investors in Equity Fund IV were burned by a $1.2 billion plunge into telecom investments in 1999. Hicks announced that he would leave the Hicks Muse on March 8, 2004, to spend more time with his family and his sports teams. (Hicks Muse was subsequently renamed HM Capital Partners.) He has remained active in his own ventures. He created Hicks Holdings, a vehicle for his sports and real estate empire, and then started buying companies again in the $10 to $250 million level, including: a Chinese electronics firm, a venture with DirecTV selling bundled TV-telecom services to condos, a landscaping materials company in the Midwest, a pet food firm in Argentina, and Gammaloy – an oil field rental outfit he bought from his wifes family, paying approximately $20 million in the 1990s.Additionally, he formed Hicks Acquisition Company I, Inc. (HACI). In September 2009, HACI merged into Resolute Energy Corporation (REN), an oil and gas firm. Hicks does not sit on RENs board of directors, but his son, Thomas O. Hicks, Jr., represents HACI on the board.As of August 13, 2010, the website for Hicks Sports Group appears to have disappeared. As for other websites for Hicks companies, while they are still operating, they appear to be empty of any data and Hicks Sports Marketing now appears to be a Word Press blog site, with the first page advertising Online Gaming.
Wikipedia Source: Tom Hicks