Sam Nazarian

Sam Nazarian (Persian: سام نظریان; born 1975) is a Persian-American businessman, investor and philanthropist. He is the founder, Chairman and CEO of SBE Entertainment Group.

Sam Nazarian
سام نظریان
Born1975 (age 4748)
CitizenshipAmerican
Alma materUniversity of Southern California
Occupation(s)CEO of Umami Burger
Founder & CEO of SBE Entertainment Group
SpouseEmina Cunmulaj
ParentYounes Nazarian
RelativesIzak Parviz Nazarian
WebsiteSBE.com

Biography

Early life

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 Beverly Hills, California where he attended Beverly Hills High School and later studied at the University of Southern California.[1]

Career

Telecommunications

His first entrepreneurial venture was in 1998, when he invested a little bit of money into 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.[3] He then entered the real estate industry 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.[4]

Hospitality

Nazarian’s hospitality career began in 2002 with the founding of sbe Entertainment Group which grew to include such brands as SLS Hotels, Hyde Lounge and Mondrian Hotels.

In 2020, Nazarian sold the remaining 50% stake of sbe’s hotel platform to Accor Hotels[5] to focus on C3’s global food-tech platform and full ownership of sbe’s Disruptive Restaurant Group.[6] The $850 million cash and asset swap deal was groundbreaking for the lifestyle hotel category. Seeing an opportunity to expand his expertise into the culinary world, Sam added Disruptive Restaurant Group (DRG) to his entrepreneurial roster, which soon became the leading restaurant and nightlife group devoted to visionary and award-winning culinary experiences, with elevated concepts like Katsuya, S Bar, Life Rooftop in NYC, and the newly opened Sa’Moto and Hyde Sunset Kitchen + Cocktails.

In February 2020, Sam launched C3 (Creating Culinary Communities), in partnership with Accor and Simon Property Group.[7] Additional investors include Brookfield Global Asset Management, REEF Technology and participation from Egon Durban and Greg Mondre, Managing Partners and Co-CEOs of Silver Lake Partners, along with Dean Adler, Co-Founder of real estate investment firm Lubert-Adler. Sam’s vision for C3 is to re-imagine the food industry by introducing the world to a revolutionary way to approach food halls, ghost kitchens and mobile delivery via world-class culinary talent and technology. The first company of its kind, C3 is now the world’s fastest growing global food tech platform centered on digital kitchens and IP.

Producer

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

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] Since 2008, Nazarian has served on 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 Nazarian, a 1993 Beverly Hills High School graduate, made a $200,000 donation to the Beverly Hills Athletic Alumni Association.[11] In July 2009, Los Angeles Mayor Antonio Villaraigosa appointed Nazarian to the Board of Airport Commissioners of Los Angeles World Airports. In 2014, Nazarian was named to Fortune's 40 Under 40 list.[12]

Personal life

Nazarian is married to Montenegrian model Emina Cunmulaj;[13] they have two daughters and a son.

References

  1. Bagley, Christopher (Aug 2005). "Nazarian: Sam I Am - Young tycoon Sam Nazarian has big dreams for himself, L.A. and the world". W Magazine. Archived from the original on 2016-03-04.
  2. Bloomberg: "Sam Nazarian Wants You to Sleep with Him" By Karl Taro Greenfeld December 01, 2011
  3. "Checking Back In". Los Angeles Business Journal. 2015-05-10. Retrieved 2022-04-07.
  4. "Exclusive Podcast Interview: Iranian Jewish Entrepenuer Sam Nazarian". Jewish Journal. 2008-12-05. Retrieved 2022-04-07.
  5. accorgroup (2022-06-09). "Accor takes full ownership of sbe hotel brands". Accor – Newsroom. Retrieved 2023-02-07.
  6. Hawley, Kristen. "Sam Nazarian's $500 million hospitality company is betting that ghost kitchens will raise the value of real-estate property". Business Insider. Retrieved 2023-02-07.
  7. sbe, C3 by. "C3, the Fastest Growing Global Food Tech Platform Establishes New Division and Groundbreaking Innovation Hub to Maximize the Power of the World's Top Digital Creators, YouTubers and Gamers to Create New Virtual Restaurant Brands". www.prnewswire.com. Retrieved 2023-02-07.
  8. "WEST, The Power Issue". August 13, 2006. {{cite journal}}: Cite journal requires |journal= (help)
  9. "The 122 Most Influential People in LA". Los Angeles Magazine. December 2009.
  10. jwilliams (2008-02-20). "Local Dudes Make Good: Caruso to USC, Nazarian to SCI-Arc". Curbed LA. Retrieved 2017-08-10.
  11. Ceasar, Stephen (2015-02-03). "Along with his name on Beverly Hills campuses, donor buys controversy". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-08-10.
  12. "40 Under 40". Fortune. October 2014.
  13. New York Daily News: "King of clubs Sam Nazarian throws an ace party for Mexico wedding to model Emina Cunmulaj" BY Marianne Garvey June 23, 2015
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