On his paternal side, his great-grandfather was the ironmaster Hans Hilper, who immigrated to Nyköping circa 1625 from Schmalkalden, Holy Roman Empire.

After an initial sejour in Stockholm, he settled permanently in Västerås where he was granted commercial privileges, followed by incremental investments alongside political duties.

With reputed interest in and patronage for the arts and humanities, extending beyond that of his family circles,[5] he issued some 25 000 copper Swedish riksdaler with annual rent designated for widows of Västerås.

He was buried in Västerås Cathedral in the tomb of bishop Olaus Stephani Bellinus, situated between the royal benches, which he as descendant was granted access to upon request in 1751.

An epitaph by the royal sculptor at Stockholm Palace Johan Ljung (1717–1787) was erected in tribute by his issue in 1772, "crowned with the arms of Hülphers surrounded by a caduceus and fasces, symbols for commercial and political duties, as well as two cornucopias, mellifluous with coins and wine grapes.