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. He has 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 Sunset

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Sam Nazarian Latest News

Not Your Grandfathers Hotel: Why Boutique is the New Chic

Boutique hotels often attract a younger clientele that tends to shy away from larger hotel chains. SBE CEO Sam Nazarian joined the FOX Business Network to discuss the trends he sees in the hotel and hospitality sector. “I think the evolution of ...
Posted: January 11, 2017, 9:16 am

Nazarian Will Buy Morgans Hotel Group

Morgans owns the Delano in South Beach, as well as two properties in New York City and San Francisco. LOS ANGELES—Sam Nazarian’s SBE Entertainment Group said Monday afternoon it had agreed to acquire Morgans Hotel Group for $2.25 per share in an all ...
Posted: May 10, 2016, 9:25 am

SBE founder Sam Nazarian

Since Sam Nazarian launched SBE in 2002, the Los Angeles-based company has become equally known for its nightclubs (Hyde), its hotels (SLS, Redbury) and, more recently, its burgeoning group of food and beverage concepts (Katsuya, Cleo). The company ...
Posted: December 5, 2017, 2:40 pm
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