Name: Nicholai Olivia Hilton aka Nicky Hilton
Born: 5 October 1983
Occupation: Heiress, Businesswoman, Model, Fashion designer
Nicky Hilton was born the second child to Kathy, a former actress, and Rick, a businessman. Her great grandfather was Conrad Hilton, the founder of Hilton Hotels. She was born in New York but raised on both coasts as were her older sister, Paris, and her two younger brothers. After high school she focused on fashion and took classes at both Parsons The New School for Design and the Fashion Institute of Technology at State University of New York. In 2004, at just 21 years of age she launched her first clothing line and also began designing handbags for a Japanese company.
In 2005 she did some modeling in Australia and was also featured on the cover of Lucire. Three years after her first clothing line launched, Nicky started up her second clothing line called ‘Nicholai’ which was more upscale and had a higher price tag.
In 2006 Nicky ventured into familiar territory and opened two hotels, called Nicky O Hotels. The first one opened in Miami, Florida and the second one in Chicago, Illinois. The following year she was sued by her partners for breach of contract and was court ordered to sell the properties to pay a $60 million dollar penalty and mortgage debt. She has since continued to focus on her career in fashion. We estimate Nicky Hilton to be worth $20,000,000 (GBP 12,775,000).
So how much is $20 million dollars really?
We’re thinking since Nicky’s hotel venture failed, maybe she could take some time and study some other successful hotel chains, since she apparently didn’t learn anything from the Hilton chain. We think maybe she should start at Holiday Inn. For $20 million bucks she could spend 169,491 nights there. After that much time she should learn something. But maybe she’s ready to throw in the towel with hotels and would like to concentrate on fashion.
If you’re thinking $20 million dollars sounds like a whole lot of cash though, just remember, even Nicky could only afford three of Debbie Wingham’s Black Diamond Frocks. At a price tag of $5.6 million, that would barely leave her with enough money to buy shoes.