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

SLS/Sahara Las Vegas says goodbye to ‘Sam by Starck’ statue

Some thought he looked like the Stay Puft Marshmallow Man. Others said he favored Poppin’ Fresh, the iconic Pillsbury Doughboy, if he were fencing without a rapier. What he was — and now in past-tense ...
Posted: August 27, 2019, 3:49 am

Is Sam Nazarian growing up?

If he gets this right, then Sammy Boy, the immigrant rich kid who rivals said had only gotten as far as he had because of his daddy’s money, will complete the transition to Sam Nazarian, American ...
Posted: October 4, 2019, 5:00 pm

SBE Chairman Sam Nazarian on His New SLS LUX Hotel, Expanding His Brand, and Building a Lifestyle Empire

Men’s Journal: What’s the journey been like for you in building up SBE and your brands all these years? Sam Nazarian: I think one of the things that I’ve been very lucky to be able to appreciate now ...
Posted: November 5, 2018, 9:05 am

Mondrian Doha Marks Second-Year Anniversary With Extravagant Month-Long Celebrations at Its Wonderlands

All guests booking their stay on the month of October will enjoy special offers and amenities on all the hotel's rooms. Sam Nazarian, Founder and CEO of sbe: "I am very proud to celebrate the two-year ...
Posted: October 2, 2019, 10:04 pm

sbe's Disruptive Group and Umami Burger Continue Rapid Growth in 2019 Appointing Two Key Executives to Senior Leadership

Appleman will be based out of sbe's Los Angeles office and Polizzi out of the sbe New York City headquarters, both reporting to Founder & CEO, Sam Nazarian. Sam Nazarian, Founder & CEO of sbe states: ...
Posted: June 26, 2019, 5:10 am
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