Manny Khoshbin net worth is estimated to be around $46 million. So, let’s delve into his life, businesses, hurdles, and opportunities to understand how he became a successful businessman.
“Never take a backseat on your dreams.” is a statement that Manny Khoshbin takes seriously. It’s his mantra to success. He wants all to be drivers of their own futures.
Khoshbin is a multi-millionaire real estate tycoon and CEO of The Khoshbin Company. He has written books and has many assets, but he has predominately made his fortune in real estate.
Manny Khoshbin was born on January 14, 1971, in Iran. He has 4 siblings.
His parents decided to move to the U.S. in 1984 to escape the war and hopefully have a safer environment for their family.
Things were difficult for Khoshbin, initially due to the language barrier. Khoshbin said he was bullied at school at first but couldn’t understand what the bullies were saying. While in his school years he had his first taste of enterprise by selling goods through swap meets.
At 16 years old, he started his first job, working at a Kmart in Santa Ana. He mostly did remedial tasks like mopping and collecting shopping carts from the parking lot.
He was quickly promoted for his hard work and aptitude. After one year he became assistant manager of sporting goods, but Khoshbin didn’t want to be working for a salary and moved on hoping for better opportunities.
Khoshbin then started working for a marketing firm, going door to door selling snacks. He quickly became the highest revenue salesman for the company. Over time he discovered a way to reduce his outgoings to earn more money, and after discovering that, it drove him to start his own business at the age of 18 during his last year of high school.
He began his own business of re-selling various items that he had bought for a discounted price. Eventually, he was shut down due to possible health and safety code violations. Shortly after he was hired as assistant manager of a tire shop. After one year he left as he still wished to venture into business for himself.
Real Estate Career
His first business opportunity was in a gas station. It was offered by a friend of his fathers with a 10% down payment. Unfortunately, the opportunity ended up not being legit and Khoshbin lost all his savings.
Not giving up, Khoshbin invested all of his time energy, and remaining money to get his real estate license. Which he completed within a year and started his own realty company buying distressed bank-owned properties.
His success grew over the years and he began collaborating with many other companies.
The Khoshbin Company now has properties over 6 states covering around 2.2 million square meters.
General Info about Manny Khoshbin:
- Name- Manuchehr Khoshbin
- Nickname- Manny
- Date of Birth- January 14, 1971
- Age- 49
- Place of Birth- Tehran, Iran
- Nationality- Iranian
- Hometown- Newport Coast, California, U.S.
- Height- 5ft 9inches (1.75m)
- Weight- 82kg (181lbs)
- Wife- Leyla Milani
- Children- 2
- Hair Color- Black/brown
- Eye Color- Hazel
- Horoscope- Capricorn
- Net Worth- $46 million
Contributors to Manny Khoshbin Net Worth
- Real Estate business
- Manny Khoshbin.com
- Social Media
Real Estate Business
Real estate is the source of almost all of Manny Khoshbin’s net worth.
His organization the Khoshbin Company, buys real estate, especially distressed, bank-owned commercial properties and flips them for profit.
He bought the 333 building in Houston twice in 12 years, making a $5 million profit the first time and $6 million the second.
In December 2019 he sold Khoshbin’s Landing in Newport Beach, CA, making a profit of $12 million, with these huge profits from single properties it plainly shows how his net worth is at $46 million.
Khoshbin has his own website ‘Manny Khoshbin.com’ which has some videos, an online shop with his own merchandise, t-shirts, hats, etc.
It also has access to purchase his mentorship masterclass of all his secrets of buying and selling real estate. His masterclass cost $1,995 for access. No figures on how many students have enrolled in his class but at nearly $2,000 per student, this could be a nice extra revenue stream.
Khoshbin has released 2 books so far. The first being ‘Manny Khoshbin’s Contrarian PlayBook: How to Build Your $100 Million Real Estate Portfolio From the Ground Up’ (2011), and ‘Driven: The Never-Give-Up Roadmap to Massive Success’ (2018).
With these books available on all platforms and online stores, I’m sure he makes a nice income from these books on how to succeed in business.
Manny has a large following on social media. He has over 1 million Instagram and YouTube followers. He is a ‘Car Influencer’ on his YouTube channel and shows off his multi-million dollar collection. Making videos and photos of him with his high-performance sports vehicles.
Closing Thoughts on Manny Khoshbin Net Worth
Manny Khoshbin is a perfect example of the American dream. Immigrants looking for a better future with little except hope, dreams, and drive.
Khoshbin had all that, and although it wasn’t all smooth sailing, his hard work paid off, along with a lucrative model of commercial real estate buying and selling.
Unless things drastically change in the industry his model is sure to make him more and more money in the future.