Sam Nazarian Net Worth is$150 Million
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Profession: Businessperson, Chief Executive Officer, Film Producer, Actor, Entrepreneur
Date of Birth: 1975
Ethnicity: Iranian-American
Country: United States of America
Iranian/American businessman and entrepreneur Sam Nazarian has an impressive net worth of $150 million. And even though he has the net worth of a much older man, he remains one of the youngest and most powerful executives in America, having recently been named one of the "Top 100 Most Powerful People in Southern California" by the Los Angeles Times. Nazarian's path to stardom in the world of business began after he migrated to the United States after the Iranian Revolution. In his new home of Los Angeles, California, he used his parents' wealth to start his first company at the young age of 23. By 1979, Platinum Wireless was the number one distributor of Nextel software in southern California. After that, Nazarian started SBE, which would later become one of the top hospitality companies in America. It handles everything from hotels, to nightclubs, to restaurants and even real estate. In 2007, Nazarian (through his company SBE) even got involved in casinos by purchasing the Sahara Hotel & Casino. As if that weren't enough, Nazarian has recently branched into the film industry, serving as executive producer on movies like Waiting..., Mr. Brooks, and College. Sam Nazarian is clearly a good businessman with an eye for diverse and eclectic investments.
Sam Nazarian (born 1975 in Tehran, Iran) is an Iranian-American entrepreneur. Nazarian is the Founder and Chief Executive Officer of SBE, a Los Angeles based luxury hospitality, real estate development and lifestyle company which includes hotel, restaurant, nightlife, and real estate divisions.
Nazarian's family immigrated to the United States following the Iranian Revolution. Son of wealthy Qualcomm co-founder Younes Nazarian, Sam was raised in Los Angeles, California. Sam attended Beverly Hills High School and later studied at New York University and the University of Southern California..
His first entrepreneurial venture was in 1998, when he founded Platinum Wireless, a telecommunications business specializing in the distribution of Nextel software. Within one year of its founding, Platinum Wireless was the number one Nextel distributor in Southern California. He then entered the world of real estate by diversifying his family's assets into real estate holdings, beginning with the establishment of 3Wall Development in 1999. Under Sam's guidance 3Wall quickly became one of Southern California's largest owners of multi-family housing.
His SBE owns eight Los Angeles nightclubs and lounges: Area, MI-6, Hyde, XIV, Colony, Eden, MyHouse, MyStudio and The Abbey. He owns each club outright without other investors. These venues continue to see a high level of popularity and celebrity patronage, as well as being frequently visited by the characters of HBO's Entourage. Nazarian made an appearance as himself greeting the main characters of the show in the episode "No Cannes Do". Nazarian's SBE brand has also been featured on an episode of The Hills.
He has secured partnerships with Philippe Starck and chefs Katsuya Uechi, Jose Andres and Michael Mina. His partnership with Katsuya and Starck resulted in the restaurant Katsuya, with locations in Brentwood, Hollywood, Glendale and downtown Los Angeles. XIV, in partnership with Chef Michael Mina, opened on the Sunse

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Sam Nazarian Latest News

2 top executives at SLS Las Vegas step down - Las Vegas Forum

If Sam Nazarian wasn't the one doing those lines inside the bathroom stalls, he might have had a clear enough head to see this was a mistake. BTW for anyone wanting to flag this, the guy literally had to step down because of a massive drug problem.
Posted: July 11, 2017, 5:23 pm

The guy who brought you Umami Burger wants to reinvent PB&J

Fleischman’s history of big ideas does not just include the hamburger. In addition to Umami Burger, currently 26 restaurants and counting (Fleischman partnered with Sam Nazarian’s SBE group in 2011), there is the pizza empire. Fleischman co-founded 800 ...
Posted: July 14, 2017, 12:00 am

Umami Burger Opens At Hudson Hotel, New York

"Hudson provides the perfect backdrop for us to bring both New Yorkers and hotel guests the innovative and truly distinct dining experience that is Umami Burger," said Sam Nazarian, Founder and CEO of sbe, Umami Burger's majority shareholder that also owns ...
Posted: July 10, 2017, 10:46 am

No Resort Fees Rally Tops List of 10 Regrettable Las Vegas Mistakes

The renovated boutique hotel opened as The Cromwell in 2014. SBE Entertainment CEO Sam Nazarian had dreams of running a Las Vegas casino and seemed ready to do just that when the Sahara transformed into SLS Las Vegas. Nazarian ran into trouble when he ...
Posted: July 21, 2017, 9:23 am

Umami Burger Brings Famed 'Impossible Burger' To Northern California

"With the ever-growing and recent success of Umami Burger's partnership with Impossible Foods in our Los Angeles restaurants, we're excited to expand our footprint with Impossible Foods to the Bay Area," states Sam Nazarian, Founder and CEO of Los Angeles ...
Posted: July 22, 2017, 12:14 am
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