Mauricio Umansky recalls brother-in-law Rick Hilton saying ‘no’ to partnership
Kyle Richards ex Mauricio Umansky reflects on real estate company partnership fallout with Rick Hilton
Mauricio Umansky is “happy now,” but it hasn't always been the case with brother-in-law Rick Hilton.
The reality star opened up on his beef with brother-in-law Rick Hilton over being denied partnership in the real estate company "Hilton & Hyland".
“I think I got kind of f–ked by Hilton & Hyland,” the real estate mogul said in a teaser of his Netflix show released Tuesday.
“And when I say f–ked, you know, like, today I’m happy, but there was a hundred agents at Hilton & Hyland. They did a billion dollars for the first time a year. I was 19.6 percent of their production.”
Umansky, 53, expected to be made a partner because of the good he brought to the brother-in-law’s firm.
“I went to Rick and I said, ‘I’d really like equity, right, and to be a partner,” he explained to his friends and colleagues during a discussion.
But to Umansky’s disappointment, Hilton, 68, said “no” after speaking with his co-founder Jeff Hyland.
The father of three intended to leave Hilton & Hyland and start his own real estate company, but he first discussed the option with his now-separated wife, Kyle Richards, fearing that it might lead to discord in the family.
“‘This is really going to cause a lot of stress between you, your sister and your family, and I don’t want to do this move of leaving and starting a company if you’re not comfortable,'” Umansky told Richards, who is Kathy Hilton, Hilton’s wife’s sister.
With Richards’ support, he founded The Agency, which proved to be a top real estate firm, and also served as the basis of his reality show, Buying Beverly Hills.
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