Sam Nazarian Net Worth
17th June 2020
Sam Nazarian net worth is
Sam Nazarian Wiki Biography
Sam Nazarian was born in 1975 in Tehran, Iran, however, the exact date of his birth is unknown in the media. He is an Iranian-American entrepreneur, businessman, and investor, best known to the world as the founder, Chairman and CEO of the SBE Entertainment Group. His career has been active since 1998.
Have you ever wondered how rich Sam Nazarian is, as of mid-2016? According to authoritative sources, it has been estimated that Nazarian`s net worth is as high as $150 million, earned through his successful business career. His company owns several luxury hotels, restaurants, and casinos, the successful management of which has steadily increased his net worth.
Sam Nazarian Net Worth $150 Million
Born into a Persian-Jewish family, he and the rest of the Nazarians left Iran after the 1979 Iranian revolution, and settled in Beverly Hills, California. Sam`s father is Younes Nazarian, who became rich from investing in Qualcomm in its early stages. Sam went to Beverly Hills High School, and after matriculation enrolled at the University of Southern California.
His career began in 1998, when he founded the telecommunication business, Platinum Wireless, its main operation being the distribution of Nextel software. Little by little, his company grew, and so did his net worth. Using the profits of the company, Sam diversified his family assets by moving into real estate holdings; he started the real estate development firm 3Wall Development.
In 2002 he founded SBE Entertainment Group, which is a hospitality, real estate and entertainment company. Through the firm, Sam owns numerous nightclubs, restaurants, hotels and lounges, whose successful management certainly steadily increases his net worth.
Some of the nightclubs in his ownership include Create, Emerson, Hyde, Colony, Greystone Manor, Eden, The Abbey and MyHouse amoung others. He partnered with Philippe Starck, Jose Andres, Katsuya Uechi and Michael Mina to start several restaurnats; Katsuya restaurant has its locations in Hollywood, Glendale, Los Angeles, and San Diego, XIV restaurant was opened with Michael Mina on Sunset Strip.
Sam is also the owner of the SLS chain of hotels, including SLS Las Vegas, SLS Lux, SLS Beverly Hills, SLS Brickell and SLS South Beach. Also he owns the Redbury Hotels in Hollywood, Southbeach and New York, all contributing to his net worth.
Through the SBE Entertainment group, Sam has also served as the executive producer for films with budgets under $15 million. His producing debut was Gil Cates Jr.`s “A Midsummer Night`s Rave” in 2002, since when he has put his name on more than 10 films, including “The Beautiful Country” (2004), directed by Hans Petter Moland, “Down In The Valley” (2005), with Edward Norton and Evan Rachel Wood as leads, “Waiting” (2005), with Ryan Reynolds in the lead role. In the second half of the 2000s, the films on which he was executive producer became more popular, such as “The Last Time” (2006), “Five Fingers” (2006), “Mr. Brooks” with Kevin Costner, Demi Moore and William Hurt in lead roles, and “Kill Theory” in 2009, among others, all of which added a substantial amount to his net worth.
Thanks to his successful career, Sam has received numerous awards, and recognitions; in 2006 he was named as one of the “Top 100 Most Powerful People in Southern California” by the magazine West. Also in 2014 he was included in the Fortune`s 40 Under 40 list. Back in 2009, the mayor of Los Angeles, Antonio Villaraigosa named Sam into the Board of Airport Commissioners of the Los Angeles World Airports. Furthermore, he received the Hotelier of the Year honors for two consecutive years, by HotelChatter.com.
Regarding his personal life, Sam has been married to Emina Cunmulaj, an Albanian-American model, since 2015; the couple has one child together.
Sam is also recognized as a philanthropist; he started the SBE Foundation, through which he supports numerous causes, including education and improving children`s health. Also he donated $200,000 to the Beverly Hills Athletic Alumni Association, and Beverly High School changed the name of its basketball court to Sam Nazarian.
|Full Name||Sam Nazarian|
|Net Worth||$150 Million|
|Date Of Birth||1975|
|Place Of Birth||Tehran, Iran|
|Profession||Businessperson, Film Producer, Actor, Entrepreneur|
|Education||Beverly Hills High School (1993), University of Southern California, New York University|
|Spouse||Emina Cunmulaj (m. 2015-)|
|Movies||“Operation Shock and Awe… some” (2008), Waiting…, Down in the Valley, Five Fingers, The Last Time, Pride, Mr. Brooks and College|
|1||You know, I’m not a scholar. I’m not this brilliant guy. I didn’t go to school for technology or design or any of that. I didn’t even finish college. I can’t build you a wall. I can’t even make you an egg. But if you put yourself around enough people that trust you and you give them a shot, then great things happen. I want to be a nice man, which is not too common in my industry. Nice is free! All I want is to make people happy!|
|2||The first time I went to Vegas, I was just dazzled! Everything was bigger, brighter, flashier! It was where I wanted to be!|
|3||Everyone does dumb things in their twenties. I just had the resources to do dumber things than everyone else. But I was never the party boy they made me out to be.|
|4||Yes, she’s (Emina Cunmulaj) a model. But she’s incredibly smart. She’s a self-made person, she supports her family, she speaks six languages. I met her on a trip in the Caribbean for an hour and didn’t see her again for the next two months. We spoke every night on the phone….We fell in love on the phone. She’s a big part of why I was successful in the last four or five years.|
|5||When I was growing up, there was a definite sense that Persians were just invading L.A. And the truth is, we were just not cool. We didn’t know how to dress. We didn’t know the culture. Every time we’d go to a club, they’d make us wait for two hours and then announce it was a private party. It was kind of sadistic. I ended up hiring some of those doormen. Now they always let me in!|
|1||In Las Vegas Nevada, Nazarian owns a 14,000 sq. ft. mansion in the hills away from the famous strip. Also, he owns a Montana mansion which has a private ski slope, and a beach-front villa in Los Cabos, Mexico.|
|2||SBE Foundation- Nazarian’s charity that contributes to education projects, and juvenile diabetes.|
|3||In Las Vegas, Nevada, Nazarian has maintained a four-year, live-together relationship with Emina Cunmulaj, an Albanian-American, who is a fashion model.|
|4||Samy Boy Entertainment – name of his business corporation.|
|5||He graduated from Beverly Hills High School in 1993.|
|7||Owns the popular nightclub Area, Hyde, and Privilige on the Sunset Strip.|
|Still Waiting…||2009||Video executive producer|
|Kill Theory||2009||executive producer|
|Operation Shock and Awe… some||2008||Short executive producer / producer|
|Mr. Brooks||2007||executive producer|
|The Last Time||2006||executive producer|
|Five Fingers||2006||executive producer|
|Down in the Valley||2005||executive producer|
|Evil Remains||2004||executive producer|
|The Beautiful Country||2004||executive producer|
|Home of Phobia||2004||executive producer|
|A Midsummer Night’s Rave||2002||executive producer|
|Entourage||2007||TV Series||Sam Nazarian|
|The Last Time||2006||Man #1|
|Wonderland||2003||the producers and director wish to thank|
|CBS This Morning||2013||TV Series||Himself – Guest|
|Top Chef||2009||TV Series||Himself|
|The Hills||2008||TV Series||Himself|
|20 Hippest Hot Spots||2005||TV Movie||Himself|
Known for movies