Sam Nazarian

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Sam Nazarian
Sam Nazarian.JPG
Born 1975 (age 38–39)
Tehran, Iran
Residence Las Vegas, Nevada[1]
Ethnicity Persian Jewish
Citizenship American
Alma mater Beverly Hills High School, New York University, University of Southern California
Occupation Founder and CEO, SBE Entertainment Group
Years active 2002–present
Net worth Increase US$ 200 million
Website
sbe Entertainment Group

Sam Nazarian (Persian: سام نظریان‎) is an Iranian-American businessman, the founder, Chairman and CEO of SBE. Nazarian's career began in the tech industry with a wireless company he co-founded and later sold after leading its rapid growth and record sales. In 2001, Nazarian began to hone his expertise in development and hospitality by successfully diversifying his family's assets into real estate holdings across virtually all sectors of the market. It was during this phase of his career that Nazarian began to see a demand for a different approach to hospitality.

Nazarian has aligned with internationally acclaimed design and culinary talents such as Philippe Starck and Matthew Rolston and chefs José Andrés and Katsuya Uechi. Nazarian's business savvy and creative vision have also attracted the interest of Wall Street.

The youngest executive to be named one of the "Top 100 Most Powerful People in Southern California" by West, the Los Angeles Times' magazine, Nazarian was also named among "The Influentials" in Los Angeles Magazine and was recently honored with the Mondavi Wine & Food award and named the "Hotelier of the Year" two years in a row by HotelChatter.com. He is an active member of the Southern California Institute of Architecture's Board of Directors and a generous supporter of the Beverly Hills Education Foundation. In July 2009, Los Angeles Mayor Antonio Villaraigosa appointed Nazarian to the Board of Airport Commissioners of Los Angeles World Airports.

Nazarian studied at New York University and the University of Southern California but did not graduate. He now resides in Las Vegas.[1]

Biography[edit]

Early life[edit]

Sam was born in Tehran in 1975. Nazarian 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. He is of Persian Jewish descent. According to a Los Angeles Magazine interview,[citation needed] even with his inherited wealth, the young Nazarian had difficulty gaining access to the hottest nightclubs in his younger days, and these experiences helped to galvanize his desire to try and make a name for himself as a nightlife impresario.

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 became one of Southern California's largest owners of multi-family housing.

Hospitality[edit]

His SBE owns several Los Angeles nightclubs and lounges:Create, Greystone Manor, Emerson, Hyde, XIV, Colony, Eden, MyHouse, MyStudio and The Abbey. He owns each club outright without other investors.[2] 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.[2] 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 episodes of The Hills.

Restaurants[edit]

He has secured partnerships with Philippe Starck and chefs Katsuya Uechi, José Andrés and Michael Mina. His partnership with Katsuya and Starck resulted in the restaurant Katsuya, with locations in Brentwood, Hollywood, Glendale, downtown Los Angeles and downtown San Diego. XIV, in partnership with Chef Michael Mina, opened on the Sunset Strip in October 2008.[3] (XIV closed in August 2011.) Nazarian opened The Bazaar with José Andrés, which is integrated into SLS Hotel in Beverly Hills, in 2008.[4] SBE is also invested in hamburger chain Umami Burger.[5]

Hotels[edit]

In 2007, SBE acquired the Sahara Hotel & Casino.[6] he has also invested in several other hotels, such as Viceroy hotels and resorts; Chamberlain West Hollywood; Sheraton Delfina Santa Monica; Sheraton Gateway LAX, and Hilton Garden Inns in resort locales in Southern California and Florida.[6] It is believed that he is affiliated with Israeli, Chinese and Armenian organized crime.

Producer[edit]

Nazarian has served as executive producer for the films Waiting..., Down in the Valley, Five Fingers, The Last Time, Pride, Mr. Brooks and College.

Honors[edit]

In 2006 Nazarian was honored as the youngest executive to be named one of the "Top 100 Most Powerful People in Southern California" by West,[7] the Los Angeles Times Magazine, and was named among "The Influentials.".[8] He has also been featured and quoted in The New York Times, The Wall Street Journal, Newsweek, People, Fortune, W, Variety and The New Yorker. He is an active member of the Southern California Institute of Architecture's Board of Directors,[9] and a generous supporter of the Beverly Hills Education Foundation.

References[edit]

  1. ^ a b http://www.lvrj.com/business/welcome-home-sbe-exec-closes-escrow-on-8-5-million-las-vegas-residence-169822476.html
  2. ^ a b Verini, James (July 29, 2006). "SMALL HOURS; Enjoy his clubs while you can; Sam Nazarian keeps his many places trendy by constantly reinventing them". Los Angeles Times. p. E1. 
  3. ^ "SBE Corporate". 
  4. ^ "The Bazaar at SLS Beverly Hills, Rendered". 
  5. ^ Gelt, Jessica (August 11, 2011). "Umami Burger's brand sizzles with SBE backing". Los Angeles Times. Archived from the original on June 7, 2013. 
  6. ^ a b "Wharton Biography of Sam Nazarian". 
  7. ^ WEST, The Power Issue. August 13, 2006. 
  8. ^ "The 122 Most Influential People in LA". Los Angeles Magazine. December 2009. 
  9. ^ "Curbed LA". 

External links[edit]