- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1 Billion
- Birthdate:
- Feb 7, 1946 (78 years old)
- Birthplace:
- Dallas
- Gender:
- Male
- Profession:
- Businessperson, Investor, Financier
- Nationality:
- United States of America
What is Tom Hicks' Net Worth?
Tom Hicks is an American 'leveraged buyout' businessman and former professional sports team owner who has an estimated net worth of $1 billion dollars. Tom Hicks was born on February 7, 1946 in Dallas, Texas. He received his Bachelor's degree in Finance from the University of Texas in 1968, where he was a member of the Sigma Phi Epsilon fraternity; and received his MBA from the University of Southern California in 1970. Hicks became interested in leveraged buyouts as a member of First National Bank of Austin's venture capital group. Hicks and Robert Haas formed Hicks & Haas in 1984 and the following year bought Hicks Communications, a radio company run by Hicks' brother Steven – the first of several media companies bought or created by the buyout firm that involved Steven.
In the mid-1980's Hicks & Haas bought Dr. Pepper and 7-Up and 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. Hicks is the former owner of the National Hockey League's Dallas Stars, which he purchased in 1995 for $85 million. He is also the former owner of the Texas Rangers of Major League Baseball. He is also the former owner of Liverpool, F.C.
