Thomas O. Hicks
Born: Feb. 7, 1946 in Houston, Texas
Thomas Hicks moved with his family to Port Arthur as a child when his father purchased a small radio station, KOLE. By the time he turned 13, he had begun working at the station. By age 15, he was a weekend disc jockey, earning $20 per week. He graduated in 1964 from Thomas Jefferson High School where he lettered in football. These formative years in Port Arthur fueled his passions for radio and athletics.
After high school, Hicks attended the University of Texas, where he studied finance. In 1968, he went to work at Continental Illinois in Chicago, where he helped set up a venture capital division. He went on to earn a Master of Business Administration degree from the University of Southern California in 1970.
Hicks began his career on New York’s famed Wall Street, working in the investment departments at Morgan Guaranty Trust Company and J.P. Morgan. In 25 years he successfully raised more than $11 billion of private equity funds and more than $38 billion worth of leveraged acquisitions including the Dr. Pepper and Seven Up Companies, A&W Brands, Inc., and Berg Electronics, Inc.
Hicks’ greatest successes, however, have been in the two fields nurtured by his Port Arthur experiences: radio and athletics. Through his two communications companies, Chancellor Media and Capstar Broadcasting, he has created the largest radio operation in the country (400 stations). In addition, he is the owner of the National Hockey League’s Dallas Stars, winner of the 1999 Stanley Cup Championship, as well as Chairman and Owner of the Texas Rangers. Hicks also serves on the Board of Directors of numerous corporations, including among others Chase Manhattan and LIN Television.
Tom Hicks and Nolan Ryan