Sam Nazarian

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Sam Nazarian
Sam Nazarian.JPG
Born Tehran, Iran
Residence Beverly Hills, California
Ethnicity Persian Jewish
Citizenship American
Alma mater University of Southern California
Occupation Founder, Chairman and CEO of SBE Entertainment Group
Years active 2002–present
Net worth Increase $1 Billion
Parent(s) Younes Nazarian
Soraya Nazarian
Relatives Izak Parviz Nazarian
Website SBE.com

Sam Nazarian is an Iranian-American entrepreneur. He is the Founder, Chairman and CEO of SBE Entertainment Group.

Biography[edit]

Early life[edit]

Nazarian was born to a Persian Jewish family in Tehran in 1975.[1] The Nazarian family immigrated to the United States following the Iranian Revolution.[2] He is the son of Younes Nazarian who made a fortune along with his brother Izak Parviz Nazarian as an early investor in Qualcomm.[2] He was raised in Los Angeles, California where he attended Beverly Hills High School and later studied at the University of Southern California.[1]

Career[edit]

Telecommunications[edit]

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]

SBE owns several Los Angeles nightclubs and lounges: Create, Greystone Manor, Emerson, Hyde, XIV, Colony, Eden, MyHouse, MyStudio and The Abbey. As clubs tend to wane in popularity quickly, Nazarian typically only keeps his clubs open for eight months to a year, closes them for extensive renovations, and then reopens them (often under a new name, preferably short) to keep the brand fresh.[3] SBE generally owns each of its venues outright giving it the flexibility to quickly adjust to the vagaries of the market.[3] 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 episodes of The Hills. Nazarian owns the Hyde Lounge at Staples Center in Los Angeles and he also owns the Hyde at AmericanAirlines Arena in Miami. In 2014, SBE agreed to lease the top two floors of 5900 Wilshire in Los Angeles.

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.[4] Nazarian opened The Bazaar with José Andrés, which is integrated into SLS Hotel in Beverly Hills, in 2008.[5] SBE is also invested in hamburger chain Umami Burger.[6] Nazarian also owns 800 Degrees Pizza.

Hotels[edit]

SLS Las Vegas, SLS Beverly Hills and SLS South Beach. Redbury Hollywood and Redbury South Beach. The Raleigh Miami Beach.

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.[citation needed]

Honors[edit]

In 2014 Nazarian was named to Fortune's 40 Under 40 list.[7] 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,[8] the Los Angeles Times Magazine, and was named among "The Influentials.".[9] He serves on the of the Board of Directors of the Southern California Institute of Architecture.[10] The Beverly Hills High School basketball court was renamed Sam Nazarian Court after the 1993 Beverly Hills High School graduate Sam Nazarian donated $200,000 to the Beverly Hills Athletic Alumni Association.

References[edit]

External links[edit]