Source of Wealth:Businessman, Industrialist, Aviator, Engineer, Film producer and Director
Howard Hughes was American business magnate, industrialist, aviator, engineer, film producer, director, hotelier, philanthropist, and was one of the wealthiest people in the world with net worth of $4 billion. Howard Hughes started his financial empire with directing and producing of hit films, such as, The Outlaw, Scarface, Hells Angels and The Racket, in the 1920’s, 30’s and 40’s. The first two films he ever made was “Arabian Nights and “Everybody’s Acting,” which were big hits. Howard Hughes was also set many world records as a pilot and aircraft engineer. He built the Hughes H-1 Racer while running Hughes Air Craft, which was donated to the Smithsonion in 1975 and then put on display at the National Air and Space Museum. He was also one of the people that helped to design and fund the building of The Boeing 307 Stratoliner and the Lockheed L-049 Constellation. He founded Hughes Aircraft Company in 1932, the Hughes Helicopters Division in 1947 and Hughes Aerospace Group in 1948. Howard Hughes also took over controling interest in TWA airport in 1939, as well as, purchasing the airline Air West and changing it to Hughes Airwest in 1970.