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

SBE set to merge with Hakkasan Group

SBE founder and CEO Sam Nazarian, who opened the SLS Las Vegas casino resort at the north Strip site of the former Sahara in 2014, said in a statement: “SBE would welcome Hakkasan’s global portfolio of prestigious restaurants and best in class ...
Posted: March 22, 2017, 3:59 am

SBE Entertainment in Talks to Combine With Hakkasan Group

Hotelier Sam Nazarian’s SBE Entertainment Group said it is in advanced talks to combine the company with nightclub and restaurant operator Hakkasan Group, which runs properties in Las Vegas, London and the Middle East. The deal is intended to help two ...
Posted: March 21, 2017, 1:34 pm

Sbe confirms merger talks with Hakkasan Group

Just a few months after acquiring Morgans Hotel Group, sbe is looking to expand again. Sbe CEO and founder Sam Nazarian said it is in talks over a merger with nightclub and restaurant operator Hakkasan Group. "Sbe is in advanced discussions with Hakkasan ...
Posted: March 27, 2017, 1:00 am

Same Small Circles - How Hakkasan Boss Neil Moffitt's Nightclubber Friends Keep Doing Business Together

The merger with Sam Nazarian’s SBE would appear to be a next step in distancing the business and its finances from the toxic source of 1MDB. However, this is not the first time Sam Nazarian has been associated with the tight-knit circle around 1MDB.
Posted: March 28, 2017, 1:06 pm

Wicked Whisper + Racy Rumor: Months of intrigue abroad for Hakkasan Group

Behind the story we posted this morning of Sam Nazarian’s SBE merger plans for Hakkasan Group lies months of intrigue. The Hakkasan Group is being investigated by the American Department of Justice after its former chairman, Khadem al-Qubaisi ...
Posted: March 22, 2017, 4:20 pm
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