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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Radio Chipstone: The Empty Chair

Armchair, Philadelphia, ca. 1730, Mahogany, The Chipstone Foundation, 2013.17 Credit Jim Wildeman While Archie Bunker's chair is now on exhibit at the Smithsonian in Washington D.C., Thomas Hicks' 1865 painting Kitchen Interior, alongside an actual ...
Posted: October 22, 2016, 1:00 am

John Hart’s footprint from Cleveland endures with Rangers

Tom Hicks sat in his vacation home in La Jolla, Calif., and marveled at the success of the Atlanta Braves. That’s what the former owner of the Rangers wanted his toy to become — the Braves — when he gutted his franchise and started building rather ...
Posted: October 15, 2016, 4:22 am

Election officials say they're ready if disaster hits

“We just hope the good Lord doesn’t make us use them.’’ Most election officials also have prepared for potential cyber attacks, said Thomas Hicks, chairman of the federal Election Assistance Commission, which held a public meeting last month on ...
Posted: October 11, 2016, 8:10 am
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