Sam Nazarian is an Iranian-American businessman and entrepreneur who has an estimated net worth of $150 million. Born in Tehran, Iran in 1974, his family of Jewish descent migrated to the United States after the Iranian Revolution. Raised in Los, Angeles, California, he attended Beverly Hills High School, New York University and the University of Southern California. His business career began in 1998 after he founded Platinum Wireless, a telecommunications business specializing in the distribution of Nextel software. After Platinum, he ventured into real estate when he diversified his family’s assets into real estate holding. He began in 1999 when he established 3Wall Development.
Nazarian is best known as the Founder, Chairman and Chief Executive Officer of SBE, a luxury hospitality, real estate development and lifestyle company based in Los Angeles. The company has interests in hotel, restaurant, nightlife, casino and real estate developments. It owns several nightclubs and lounges in LA such as Create, Greystone Manor, Emerson, Hyde, XIV, Colony, Eden, MyHouse, MyStudio, and The Abbey.
SBE has acquired several hotels such as the Sahara Hotel & Casino in 2007. Sam Nazarian has also invested in various hotels such as Viceroy hotels and resorts, Chamberlain West Hollywood, Sheraton Delfina Santa Monica, Sheraton Gateway LAX, and Hilton Garden Inns. His business and endeavors has helped him earn a net worth of a much older man despite his young age. Today, he is one of the most powerful executives in America. He was named in 2006 as one of the “Top 100 Most Powerful People in Southern California by the Los Angeles Times.