Manny Khoshbin Net Worth: Manny Khoshbin is a prominent figure in the world of business, real estate, and social media. With a net worth of $110 million as of 2023, Khoshbin has built an impressive portfolio over the years. 💵💰 But how did he accumulate such enormous wealth?
In this in-depth guide, we’ll explore Khoshbin’s background, his various income sources, assets, philanthropic efforts, and more. Whether you want to understand his investment strategies or simply get motivated by his rags-to-riches journey, this article has all the details on Manny Khoshbin’s net worth.
- 1 Manny Khoshbin Net Worth Breakdown
- 2 Background and Early Life
- 3 How Manny Khoshbin Built His $110 Million Net Worth
- 4 Manny Khoshbin Real Estate Portfolio
- 5 Manny Khoshbin’s Top Real Estate Investing Tips
- 6 How Manny Khoshbin Spends His Millions
- 7 Manny Khoshbin Quotes About Money and Success
- 8 Top 3 Manny Khoshbin Books
- 9 Is Manny Khoshbin a Billionaire?
- 10 Manny Khoshbin Net Worth FAQs
- 11 Conclusion: An Inspiring Example of the American Dream
Manny Khoshbin Net Worth Breakdown
Before diving into how Manny Khoshbin built his fortune, let’s break down the major contributors to his massive $110 million net worth:
- Net Worth: $110 million
- Annual Income: $18 million
- YouTube Earnings: $600,000 per year 🎥
- Podcast Revenue: $1.3 million annually 🎙️
- Book Royalties: $5 million total
- Bank Balance: $28 million liquid cash 🏦
- Crypto Investments: $10 million
- Real Estate Assets: Over $52 million 🏡
As you can see, Khoshbin accumulates his wealth from diverse sources. But real estate is where he generates the lion’s share of his net worth, which we’ll explore more later. First, let’s look at his background.
Background and Early Life
Manny Khoshbin was born in Iran on January 14, 1971. His family immigrated to the United States when he was just 14 years old to seek better opportunities and escape the Iranian Revolution. 🛫
The Khoshbin family faced financial difficulties upon arriving in America. To help support his family, a young Manny worked various jobs like selling newspapers, pushing shopping carts, and working in retail stores.
Despite the challenges, Khoshbin was determined to build a better life in his new home country. Here are some key facts about his early life:
📚 Education: He attended community college before transferring to California State University, Dominguez Hills to study civil engineering.
💼 First Business: While still in college, Khoshbin started a cleaning business, marking his foray into entrepreneurship.
🏢 Early Jobs: He took on roles like construction worker, accountant, and telemarketer to make ends meet after college.
Khoshbin’s perseverance and work ethic were evident from a young age. Now, let’s explore how he built his fortune over the years.
How Manny Khoshbin Built His $110 Million Net Worth
Manny Khoshbin accumulated his wealth primarily through strategic real estate investments and other business ventures. Here’s a timeline showing the growth of his net worth over the decades:
- 2000: $90,000
- 2005: $1 million
- 2010: $16 million
- 2015: $35 million
- 2023: $110 million
Let’s look at the key sources fueling this impressive net worth growth:
Real Estate Investments
Real estate is the cornerstone of Khoshbin’s wealth. He started small by purchasing residential properties and eventually shifted to commercial real estate.
Today, Khoshbin’s company owns over 3 million square feet of property across the United States. 🏢 His real estate portfolio includes:
- 16 houses and villas valued at over $50 million
- 9 luxury apartments in prime locations
- 2,500 acres of land used for agriculture
The total value of Khoshbin’s real estate holdings is estimated at over $52 million – nearly half his net worth. Through strategic investments and careful expansion, real estate has been the driving force behind his millions.
Luxury Car Collection
Khoshbin is well known for his stunning lineup of luxury and exotic cars. 🏎️ His car collection is valued at over $15 million and includes rarities like:
- Bugatti Chiron 💨
- Pagani Huayra 🏎️
- Koenigsegg Agera RS 🚗
- Lamborghini Veneno 🏎️
- Ferrari LaFerrari ⚡
- Porsche 911 GT1 Straßenversion 🏎️
He stores his prized automobiles in a custom garage and often shows them off on his popular YouTube channel. But while his cars may be envy-inducing, they make up a smaller portion of Khoshbin’s overall worth.
YouTube Earnings
Khoshbin has steadily built his YouTube following over the years. He now has over 1.6 million subscribers tuning in to watch videos on real estate, entrepreneurship, and his luxury lifestyle. 📺
He earns around $600,000 a year from YouTube ad revenue. While substantial, his YouTube earnings are dwarfed by income from his other assets and ventures.
Investments and Other Ventures
Aside from real estate and YouTube, Khoshbin has earned millions from:
- His book Driven: The Never-Give-Up Roadmap to Massive Success, which provides business advice based on his life experience. 📚
- Public speaking engagements and podcast called “The Manny Khoshbin Podcast”. 🎙️
- Various investments in stocks, bonds, and crypto worth over $10 million. 💱
- Luxury clothing line and fragrance brand. 👕
Manny Khoshbin Real Estate Portfolio
As mentioned earlier, the majority of Manny Khoshbin’s $110 million net worth stems from his strategic real estate investments. Let’s take a closer look at some of his impressive properties:
Clint Eastwood’s Former Mansion – $11.5 million
In 2022, Khoshbin purchased actor Clint Eastwood’s former 10-bedroom mansion in Miami for $11.5 million. The lavish property spans over 15,000 square feet with amenities like:
🏀 Indoor basketball court
🎳 Bowling alley
🍽️ Wine cellar with tasting room
🎥 Home theater
🌳 Lush gardens
Khoshbin spent $2 million renovating the mansion, adding opulent touches like a gold-plated toilet! This is now one of his crown jewel properties.
Shopping Centers – Over 1 Million Square Feet
Khoshbin owns various shopping centers primarily in the Los Angeles area. His many shopping center holdings include:
- Baldwin Hills Crenshaw Plaza – Mixed-use property over 1 million square feet
- The Puente Hills Mall – Encompasses 1.5 million square feet of retail space
- Del Amo Plaza – 820,000 square foot shopping center in LA
These large retail complexes generate significant rental income for Khoshbin’s company. They represent his strategy of acquiring cash flowing commercial real estate assets.
Luxury Apartments and Villas
In addition to shopping centers, Khoshbin owns high-end apartments and lavish villas generating healthy returns.
For instance, he owns Villa Khoshbin in Bel Air valued at $19 million with amenities like a tennis court, pool, and 16-car garage. His luxury apartments in LA and Beverly Hills collectively bring millions in rental income annually.
Khoshbin’s ability to identify lucrative real estate investments in prime locations underlies his immense wealth.
Manny Khoshbin’s Top Real Estate Investing Tips
Manny Khoshbin built his fortune in real estate by following certain guiding principles:
- Buy below market value – Seek out deals like foreclosures and distressed properties. Negotiate the price down whenever possible.
- Focus on cash flow – Pick properties that generate steady cash flow through rents to build passive income. Commercial real estate can provide more stable tenant income.
- Improve your properties – Renovate and upgrade your properties to increase rents and resale value. But limit spending to amounts that will yield good ROI.
- Reinvest profits wisely – Reinvest a portion of rental income and flip profits into acquiring more positive cash flowing assets.
- Build a professional team – Surround yourself with experienced real estate agents, attorneys, contractors and property managers.
- Take calculated risks – Be willing to take smart, calculated risks as that’s often where the greatest rewards lie in real estate investing.
By leveraging these strategies, Khoshbin grew his initial $90,000 net worth in 2000 to an astounding $110 million real estate empire today.
How Manny Khoshbin Spends His Millions
With a fortune nearing $110 million, Khoshbin could afford to live extravagantly. But he strikes a balance between spending on luxuries and reinvesting in assets.
Here’s a breakdown of how Khoshbin chooses to spend his millions:
- Adds to his luxury car collection – His rare supercars are both investments and indulgences
- Purchases lavish homes – His $11.5 million Miami mansion and $19 million Bel Air villa let him enjoy luxury living
- Gives generously to charity – Khoshbin donates 10% of his income to various philanthropic causes
- Covers staff and expenses for his businesses – From property maintenance to video production, Khoshbin spends on support for his ventures
- Invests in stocks and crypto – He diversifies with public and private market investments outside of real estate
- Funnels money back into new real estate deals – He constantly puts funds into acquiring more cash-flowing properties
Despite his fortune, Khoshbin doesn’t live a flashy “billionaire” lifestyle with crazy purchases. His spending aligns with his goals of expanding his assets, enjoying some luxuries, and giving back.
Manny Khoshbin Quotes About Money and Success
Over the years, Khoshbin has shared words of wisdom on building wealth and achieving success. Here are some of his most motivational quotes:
❝Happiness is not in money, happiness is in achievement.❞
❝Don’t wait for opportunities. You need to create opportunities.❞
❝My life was a prime example of what persistence can do. I never gave up.❞
❝Money without purpose has no meaning.❞
❝Don’t just work hard, work smart.❞
❝Once you have a clear purpose, making decisions is easy. ❞
Manny Khoshbin’s quotes provide invaluable lessons for those aiming for similar success in business and life. He emphasizes that wealth is merely a byproduct of creating value for others through persistence and smart work.
Top 3 Manny Khoshbin Books
Khoshbin has authored several books sharing his entrepreneurial journey and mindset. Here are his top 3 books that provide an inside look at his path to massive wealth:
1. Driven: The Never-Give-Up Roadmap to Massive Success
Khoshbin’s motivational book outlines his life experiences and advice on how to turn struggles into success. It gives an intimate glimpse into how he overcame early challenges.
2. Contrarian PlayBook
This details Khoshbin’s approach to business and investing as a contrarian thinker. It reveals how going against the grain fueled his real estate investing success.
3. Making It Big
A guide on how discipline, persistence, and calculated risk-taking are instrumental in building wealth. Khoshbin uses examples from his own career ascendance.
These books provide a blueprint for financial success using the principles that helped Khoshbin amass his fortune. They offer an inspirational look into his mentality as an entrepreneur.
Is Manny Khoshbin a Billionaire?
With assets and income reaching hundreds of millions, some speculate Manny Khoshbin is a billionaire. However, most estimates place his current net worth at around $110 million as of 2023.
While he is not a billionaire yet, Khoshbin would need to increase his net worth by another $890 million to reach billionaire status. Given his trajectory, he has the potential to potentially join the billionaire ranks one day through:
- Purchasing more high-value commercial real estate assets.
- Selling his company or properties for top dollar.
- Getting an infusion of funds by attracting investment into his ventures.
- Continuing to build his YouTube audience and monetization.
But for now, Khoshbin seems content building his businesses and amassing income-producing assets. Reaching billionaire status appears to be secondary to his entrepreneurial vision.
Manny Khoshbin Net Worth FAQs
Let’s answer some frequently asked questions about Manny Khoshbin’s net worth and story:
How did Manny Khoshbin get rich?
Manny Khoshbin built his fortune primarily through investing in real estate beginning with small residential properties, then expanding to large commercial assets generating millions in rental income. His YouTube fame and other businesses added to his wealth later.
What does Manny Khoshbin do for a living?
Khoshbin’s core business is real estate investing through his company, The Khoshbin Company. He also earns income from his YouTube channel, podcast, book royalties, and other entrepreneurial ventures.
What is Manny Khoshbin’s salary?
While his exact salary is unknown, Khoshbin likely takes an annual salary in the mid 7-figures given his estimated $18 million in total yearly income. Most of his income gets reinvested into expanding his portfolio.
Why is Manny Khoshbin so rich?
Manny Khoshbin’s vast wealth stems from purchasing undervalued real estate, improving properties to increase income, and reinvesting profits into new deals. His perseverance and business acumen allowed him to build his initial $90K net worth into $110 million and counting.
How much are Manny Khoshbin’s cars worth?
Khoshbin owns over a dozen supercars and classic vehicles valued at an estimated $15 million total. His car collection includes extremely rare models like the $4 million Pagani Huayra and $3 million Bugatti Chiron.
Does Manny Khoshbin own Nobu?
No, Manny Khoshbin does not own the global restaurant chain Nobu. He is a real estate investor and entrepreneur but is not affiliated with Nobu.
Conclusion: An Inspiring Example of the American Dream
In summary, Manny Khoshbin exemplifies the American Dream. He overcame early life struggles after immigrating and built a fortune from humble beginnings through vision and perseverance.
While still actively expanding his business empire, Khoshbin has already amassed an inspirational $110 million net worth. He continues to grow his wealth through a portfolio of real estate, investments, and personal brands like his YouTube channel.
Beyond the dollars, Khoshbin serves as a model for entrepreneurship. He proves that starting small, taking smart risks, learning from failures, and sticking to your goals can ultimately lead to massive success and financial freedom. Anyone can apply his mindsets to achieve their dreams.
Khoshbin not only talks the talk but walks the walk when it comes to turning passion into profit. If you found his story motivational, learn more by checking out Manny Khoshbin’s books and YouTube channel. His journey provides both financial and life lessons to help anyone become “driven” toward their own definition of success.