Real estate and entrepreneurship are common ways to become a millionaire in the US. This is exactly how Manny Khoshbin made his fortune and he isn’t afraid to show it off. Manny is the President of The Khoshbin Company, Inc. and the founder of Contrarian Academy. As of 2023, Manny Khoshbin has a net worth of $80 million.
Khoshbin was born in Iran on January 14, 1971 and spent most of his childhood there with his four siblings. Manny moved to California in 1985 with his family. The family initially struggled and at one point were living in a car.
At 16, he got his first job at Kmart in Santa Ana, this helped him save $100 per week. Next he bought and sold dry fruits to earn extra money. The young hustler began looking for other jobs soon after, eventually finding work with a marketing firm. Manny quickly became one of their top salesmen.
He decided to start his own business but the venture didn’t last long. In 1991, he used all of his savings to buy a gas station at a generous price from a family friend. However, it turned out to be a scam, and Khoshbin went bankrupt.
Manny recovered a year later, becoming a broker and President of Century West Financial. The real estate company did well, and Khoshbin worked there for over six years.
In 1998, the rising businessman worked as a broker for Fidelity National Funding and became the firm’s President. In 2005, he became the chairman of his successful venture, The Khoshbin Company, Inc.
The Khoshbin Company went on to own and manage over 600,000 square feet of income-producing real estate. With this, Manny left Fidelity National Funding in 2008 to expand his property empire to 2.5 million square feet.
He branched out into publishing and released his first book in 2011, “Manny Khoshbin’s Contrarian PlayBook” revealed the secrets behind building a $100 million real estate portfolio. Khoshbin became the CEO of Fuzul, a marketplace that provides short-term jobs in local communities.
Contrarian Academy is his most recent venture, it’s a course on commercial real estate. Furthermore, he has been uploading videos to YouTube since 2015. Manny’s content is mostly about his car collection and lavish lifestyle. Currently, the Iranian-American has over 1.62 million subscribers.
Net Worth and Earnings
His YouTube channel attracts nearly 4.5 million visitors every month and makes an estimated $250,000 in annual ad revenue according to SocialBlade.com. However, it’s safe to say that this is not his main income source. He mainly uses YouTube as a platform to promote his courses and makes millions using this strategy.
Koshbin runs three companies: Fuzul, The Khoshbin Company, and Contrarian Academy. Fuzul doesn’t appear to be profitable but the other two businesses are his cash cows.
For Contrarian Academy, a price isn’t listed on the website but it costs around $10,000. On LinkedIn, he claims to have bought and sold $1 billion worth of real estate so he does have a lot of wisdom to share. He also earns royalties from three books. Khoshbin’s net worth is estimated to be around $80 million.
Manny Khoshbin married Leyla Milani in 2011 and they have two children together, Enzo and Priscilla. Their home is located in Newport Coast, California. It contains Manny’s impressive collection of supercars and watches. Khoshbin owns six luxury watches, and his cars are worth over $30 million.