Tom Hicks Net Worth is$1 Billion
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Profession: Businessperson, Investor, Financier

Date of Birth: 1946

Country: United States of America

Tom Hicks is co-founder of Hicks, Muse, Tate and Furst and is chairman of Hicks Holdings LLC, with a net worth of $1 billion. Tom Hicks made his net worth through his business investments in soft drinks, sports teams and more. He was born in Dallas, Texas.
Thomas Ollis Hicks, Sr. (born in 1946), is an American 'leveraged buyout' businessman living in Dallas, Texas. Despite Forbes Magazine estimating Hicks' wealth at USD 1 billion in 2009, Hicks was unable to pay off joint loans of circa lb200 million the following year. Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, previously owned fifty percent of the English football club Liverpool FC, and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that formerly owned the Texas Rangers, the Dallas Stars, and the Mesquite Championship Rodeo.
The son of a Texas radio station owner, Hicks was born in Dallas, Texas. He graduated from Thomas Jefferson High School, in Port Arthur, Texas, in 1964. Hicks is a brother of Sigma Phi Epsilon, received his Bachelor's degree in Finance from the University of Texas in 1968, 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. 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. Hicks 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

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Tom Hicks Latest News

Pudge Rodriguez and the Land of Opportunity

So much so that when Tom Hicks’ greed and the front office’s bad judgment caused him to leave, I left with him. For a few years I traded in my Ranger red for Marlins teal and Tigers orange, even going so far as to root against the team that exiled my ...
Posted: August 15, 2017, 10:00 pm

Former Liverpool owner Tom Hicks is selling up again after putting Dallas mansion on the market for £66.5m

Former Liverpool owner Tom Hicks is selling his Dallas mansion for a staggering $100millon (£66.5m), although he has dropped his $135m (£90m) asking price. The Texas businessman took control of Anfield with partner George Gillett in February 2007 ...
Posted: March 7, 2015, 12:36 am

Former Boxer Tom Hicks Injured in Collision

When I heard that former Ithacan Tommy Hicks—who earned a title fight with light heavyweight champ Bob Foster in 1971—had been injured in a very serious car/pedestrian collision in Lockport last week, I wondered how a 71-year-old man survives such trauma.
Posted: November 5, 2015, 10:00 pm

Former Liverpool F.C., Rangers owner Tom Hicks buys in La Jolla

Onetime sports franchise mogul Tom Hicks may have a $1.89 million tear-down project in La Jolla The 1950 residence occupies a corner lot within walking distance of La Jolla Bay, making it an ideal tear-down candidate. A single-story floor plan has three ...
Posted: August 19, 2014, 3:22 pm

HOUSE OF THE DAY: Sports Team Titan Tom Hicks Lists His Gigantic Dallas Estate For $135 Million

Businessman and former owner of the Texas Rangers Tom Hicks is selling his huge 25-acre Texas estate for $135 million, according to celebrity real estate blog The Real Estalker. The Dallas estate, which boasts a 29,000-square-foot mansion, pool house, and ...
Posted: January 25, 2013, 8:27 am
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