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Despite “Forbes Magazine” estimating Hicks’ riches at USD 1billion in 2009, Hicks was not able to pay off combined loans of circa 200 million the following year. Hicks Muse reach a rough spell from the early 2000s, when investors in Equity Fund IV were annoyed with a $1.2 billion drop into telecom investments in 1999. (Hicks Muse was later renamed HM Capital Partners.) He’s stayed active in his own enterprises. He created Hicks Holdings, a vehicle for his sports and property conglomerate, and then began purchasing businesses again in the $10 to $250 million amount, including: a Chinese electronics business, a enterprise with DirecTV selling bundled TV-telecom services to condominiums, a landscaping stuff business in the Midwest, a pet food business in Argentina, and Gammaloy — an oil field rental kit he purchased from his own wife’s family, paying about $20 million in the 1990s. Also, he formed Hicks Acquisition Company I, Inc. (HACI). In September 2009, HACI united into Resolute Energy Corporation (REN), an gas and oil company. Hicks doesn’t sit on REN’s board of directors, but his son, Thomas O. Hicks, Jr., signifies HACI on the board. As of August 13, 2010, the web site for Hicks Sports Group seems to have vanished. As for other sites for Hicks businesses, while they’re still running, they seem to be empty of any data and Hicks Sports Marketing now is apparently a Word Press blog website, with the initial page promotion Online Gaming.
Tom Hicks Net Worth $1 Billion Dollars
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|The Sword and the Sorcerer||1982||appreciation: fondly|
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