The business of real estate has the power to turn lives around. Ben Mallah’s story is proof of that. He came from poverty and made millions from buying and selling properties. He owns multiple high-value residential and commercial real estate across the United States. As of 2022, Ben Mallah has a net worth of $250 million.
Benjamin Mallah was born on October 29, 1965, in Queens, New York. He grew up in the Rockaway Peninsula with three other siblings. Their mother was a nurse, and their father was a factory worker.
His childhood was hard because they were poor, and their parents didn’t care much about them. It also didn’t help that they were raised in a neighborhood with a high crime rate.
He was a good student in elementary school, but he dropped out of high school. He turned into a hustler and swindled people at 14.
He joined the US Army when he turned 18. After four years, he began performing other activities such as removals and assisting people with tasks around their apartments.
The young soldier was stationed at Oakland, California, at the time. In 1987, when a property owner noticed what he was doing, Ben was put in charge of his house.
Ben took over as the man’s property manager not long after. This was how he learned about real estate. After his service in the Army, he was employed at Wilton’s Marwil Investments. There, he handled buying and selling properties.
Rise to Riches
After saving up enough cash from his first real estate job, Mallah started his own business, Equity Management Partners Inc. He bought abandoned buildings, flipped them, and sold them for a profit.
It is reported that he made most of his wealth in 2012. He invested the money he earned in hotels, which include Ramada Tampa Airport Westshore, Sheraton Suites Fort Lauderdale, Sheraton Orlando International Drive, and Sheraton Suites Tampa Airport Westshore.
With all his experience, he decided to share his story on the internet. He created his website, BenMallah.com, which features his podcast and expert tips. He also started a YouTube channel, which now has 428,000 subscribers.
Net Worth and Earnings
Ben Mallah is an expert at closing deals in high-end real estate. He reportedly made $3 million in profit on his first deal alone. One of his best returns was from selling Best Western Bay Harbor for a $19.25 million profit.
Since getting into the real estate industry, Ben has traded over 4,000 homes. Many of these are worth tens of millions. There’s also his undisclosed earnings from his hotels, podcast, website, and YouTube channel. With all this, his fortune is estimated to be $250 million.
Mallah’s wife is Karla Nila. They first met when they lived together in the same building. Ben chose Karla’s grandfather to be the maintenance manager, and that’s how they got close. They live in the most expensive home in Tampa. Ben owns many vintage cars and a $3 million yacht.