The well-known American business magnate is said to have been one of the richest people in America. Endowed with multiple talents, Hughes at the time of his death had accumulated a great amount of wealth and had accomplished some major achievements. This piece accentuates the net worth of Howard Hughes in 2018 as per the current currency value.
Early Life & Biography
Allene Stone Gano together with Howard R. Hughes Sr. welcomed a boy who would later be one of the world’s billionaires, Howard Robard Hughes Jr. He was born on 24th December 1905, in Humble, Texas. He was the only child in the family.
Howard attended Thacher School, Fessenden School in Massachusetts and later enrolled in college at California Institute of Technology Rice University. He dropped out in 1924 to take full control of his father’s business.
His mother passed away when he was 16 years, and three years later his father passed. He became the sole heir to the great industrial fortune left behind by his father.
Howard’s personal affairs were at the focus of journalists all over. He first married in 1925 when he exchanged vows with Ella Botts Rice. He, however, filed for divorce in 1929. After that, he was in brief romantic relationships with several celebrity names like Katherine Hepburn, Janet Leigh, Gene Tierney, Ava Gardener, Rita Hayworth, and Billie Dove. In 1957, January 12th, he married his second wife, Jean Peters. The couple’s marriage lasted from 1957 to 1971.
Sadly, Howard passed away on April 5, 1976, at the age of 70. Cause of death was reported to have been kidney failure. He was laid to rest in Houston’s Glenwood Cemetery. Hughes spent his final years living a secluded life and avoiding publicity due to his addiction to drugs.
Career, Awards & Nominations
As a child, Hughes was very inventive. At just 14 years of age, he took his first flying lesson. When he took control of his father’s business at the age of 18, Howard moved to Hollywood and used part of his inheritance money to finance films from 1926. He produced several works like World War 1 epic Hell’s Angels (1930). Other significant films like Surface (1932) and The Outlaw (1941) are also accredited to him. While in Hollywood, he was known to be a playboy, dating several A-list actresses.
Due to his passion for flying, Howards founded his own aircraft company. This was in the 1930s. Being a flamboyant daredevil, he put his life on the line several times while testing his planes. In the 1930s he managed to set world air-speed records. Some of the aviation innovations owed to Howard Hughes include the first retractable landing gear.
Other than his business prowess in aviation, manufacturing, and entertainment, Howard also successfully ventured into real estate. He invested in undeveloped land in Las Vegas and the surrounding desert area of the city.
Howard and his success were recognized, and he had bagged several awards for himself including the Congregational Gold Medal in 1939. He was also honored in 1973 in the National Aviation Hall of Fame and International Air & Space Hall of Fame in 1987.
Net Worth & Earnings
He might as well have been the president of the billionaire’s club because Howard’s net worth at the time of death is estimated to have been $1.5 billion, which is equivalent to $6.45 billion today. He earned his fortune through inheritance, his career and his many successful business ventures in the industries of motion pictures and aviation.
Many remember Howard Hughes for his wealth and eccentricity. He was known to be a daredevil who was not afraid of pushing limits to achieve his dreams. He set many world records as a pilot, and his inventions are still commemorated. He indeed fulfilled his mission of being a legend during his time.