David Nazarian

Last updated

David Nazarian
Born1961 (age 63–64)
Tehran, Imperial State of Iran
NationalityAmerican-Iranian
Alma mater California State University, Northridge
USC Marshall School of Business
OccupationFounder & CEO of Nimes Capital
Spouse Angella Maddahi
Children2 sons
Parent(s) Younes Nazarian
Soraya Nazarian
Relatives Izak Parviz Nazarian (uncle)
Sam Nazarian (brother)
Shulamit Nazarian (sister)
Emina Cunmulaj (sister-in-law)
Website NimesCapital.com

David Nazarian is an American businessman, investor and philanthropist.

Contents

Early life

David Nazarian was born circa 1961 in Iran. [1] [2] His father, Younes Nazarian, was a businessman and philanthropist. His mother, Soraya Nazarian, is a philanthropist. His paternal uncle, Izak Parviz Nazarian, was also a businessman and philanthropist. Nazarian immigrated to the United States with his parents during the Iranian Revolution of 1979. [2]

He graduated from California State University, Northridge, where he received a Bachelor of Science degree in Business Administration in 1982. [1] [3] [4] He received a Master of Business Administration from the USC Marshall School of Business. [3]

Career

Nazarian is the founder of Nîmes Capital, an investment firm, [3] [4] [5] and serves as its chief executive officer. [4] Nazarian and his family became early major shareholders of Qualcomm when one of their investments joined forces with the communication company in 1988. [6] [7] He acquired real estate from the Resolution Trust Corporation in the first half of the 1990s. [4] Additionally, he acquired hotels in the early 2000s and sold them for profit in 2008. [4] He has also created venture funds that invested in wireless and broadband technology as well as clean energy. [4] [8] In 2012, Nîmes Capital acquired TD Food Group, a fast food company which owns and operates Pizza Hut and Taco Bell restaurants in Hawaii, Guam and Saipan, [9] from Brentwood Associates. [10] Nimes sold the company to Restaurant Brands New Zealand in 2017 for a reported $105 million. [11] [12] In 2018, Nazarian acquired a portfolio of mid-sized operating companies and real estate holdings focused on multi-family, student housing and hotel assets. [13] Nimes Real Estate, a subsidiary of his Nazarian Enterprises, in 2021 had $1 billion in acquisitions. [14]

Philanthropy

He serves on the board of governors of Cedars-Sinai Medical Center. [3] He serves as the chair of the investment committee and a member of the board of directors of the UCLA Foundation. [4] [15] He also serves on the board of leaders of the USC Marshall School of Business [4] and the Harvard Graduate School Leadership Institute. [16]

With his wife, he endowed the David and Angella Nazarian Youth Leadership Program at Sinai Temple, a conservative synagogue in Westwood, for children from the 9th to the 12th grade. [17] [18] In 2014, they were also honored for their Jewish and pro-Israel philanthropy by Hillel 818, the chapter of Hillel: The Foundation for Jewish Campus Life for students at California State University, Northridge (CSUN), Pierce College and the Los Angeles Valley College. [17] Additionally, they endowed the Angella and David Nazarian Social Innovators in Residence program at the Wharton School of the University of Pennsylvania. [19]

In 2014, he made a charitable contribution of $10 million to his alma mater, CSUN. [1] He also chairs a campaign to fundraise an additional $15 million. [1] As a result, the CSUN David Nazarian College of Business and Economics was named in his honor. [1] [4]

Personal life

He is married to Angella Maddahi, a former academic, non-fiction author, conference organizer and philanthropist. [1] [20] They have two sons. [20]

Awards

Nazarian and his wife Angella were recipients of the 2018 Ellis Island Medal of Honor, which are awarded to “American citizens whom exemplify a life dedicated to community service. These are individuals who preserve and celebrate the history, traditions and values of their ancestry while exemplifying the values of the American way of life, and who are dedicated to creating a better world for us all.” [21] [22]

Related Research Articles

<span class="mw-page-title-main">California State University, Northridge</span> Public university in Los Angeles, California, US

California State University, Northridge, is a public university in the Northridge neighborhood of Los Angeles, California, United States. With a total enrollment of 36,368 students, it has the second largest undergraduate population as well as the third largest total student body in the California State University system, making it one of the largest comprehensive universities in the United States in terms of enrollment size. The size of CSUN also has a major impact on the California economy, with an estimated $1.9 billion in economic output generated by CSUN on a yearly basis. As of Fall 2021, the university had 2,187 faculty, of which 794 were tenured or on the tenure track.

<span class="mw-page-title-main">Henry Kravis</span> American businessman (born 1944)

Henry Roberts Kravis is an American businessman, investor, and philanthropist. He is a co-founder of KKR & Co. Inc.

<span class="mw-page-title-main">John Schnatter</span> American entrepreneur, founder of Papa Johns

John Hampton "Papa John" Schnatter is an American entrepreneur who founded the Papa John's pizza restaurant chain in 1984. Schnatter started the business in the back of his father's tavern after selling his car and using the proceeds to purchase used restaurant equipment. As of 2017, his net worth was more than $1 billion.

David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet, is a Canadian/British hereditary peer and media magnate. Upon the death of his father in 2006, Thomson became the chairman of Thomson Corporation and also inherited his father's British title, Baron Thomson of Fleet. After the acquisition of Reuters in 2008, Thomson became the chairman of the merged entity, Thomson Reuters.

<span class="mw-page-title-main">Sam Zell</span> American businessman (1941–2023)

Samuel Zell was an American billionaire businessman and philanthropist primarily engaged in real estate investment. Companies founded by or controlled by Zell include Equity Residential, Equity International, EQ Office, Covanta, Tribune Media, and Anixter.

Lawrence M. Tanenbaum is a Canadian businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). He owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.

<span class="mw-page-title-main">Buffalo Wild Wings</span> American sports bar and restaurant chain

Buffalo Wild Wings is an American casual dining restaurant and sports bar franchise in the United States, Canada, India, Mexico, Panama, Philippines, Saudi Arabia, Bahrain, Oman, and United Arab Emirates which specializes in Buffalo wings and sauces.

Christopher Paul Ilitch is president and chief executive officer (CEO) of Ilitch Holdings, Inc., a holding company that provides services to businesses that were founded or purchased by Mike and Marian Ilitch. Ilitch companies include Little Caesars Pizza, Olympia Entertainment, MotorCity Casino Hotel, the Detroit Tigers of Major League Baseball, the Detroit Red Wings of the National Hockey League, and numerous real estate holdings. In 2018, the organization's total combined revenue was $3.8 billion.

<span class="mw-page-title-main">Restaurant Brands</span> New Zealand fast food company

Restaurant Brands New Zealand Limited, trading as Restaurant Brands, is a New Zealand fast food company. Restaurant Brands currently operates and owns the master franchising rights for the Carl's Jr., KFC, Pizza Hut, and Taco Bell brands in New Zealand. Restaurant Brands operates most of New Zealand's stores for the brands they own rights to and provides management and support services to New Zealand's independent franchisees of the remaining stores.

<span class="mw-page-title-main">Sam Nazarian</span> American businessman

Sam Nazarian is an American businessman, investor, and philanthropist. He is the founder, chairman, and CEO of SBE Entertainment Group, a lifestyle hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs globally. In 2023, Nazarian expanded his ventures by launching HQ Hotels & Residences, a hospitality brand in alliance with Wyndham Hotels & Resorts."Sam Nazarian's SBE Forms Strategic Alliance with Wyndham". Wyndham Hotels. Retrieved January 31, 2025.

<span class="mw-page-title-main">Adam Milstein</span> Israeli-American investor and philanthropist

Adam Milstein is an Israeli-American investor and philanthropist. He is a managing partner at Hager Pacific Properties.

Max Webb was a Polish-born American real estate developer and philanthropist from Los Angeles, California. A Holocaust survivor born to a Jewish family, he was the co-founder of one of the largest real estate development companies in Southern California. He supported charitable causes in the United States and Israel.

Izak Parviz Nazarian was an Iranian-born American billionaire, businessman, investor, real-estate developer, and philanthropist. He was the managing partner of Omninet Capital, an investment vehicle and the first major investor in Qualcomm.

Angella Nazarian is an American former academic, non-fiction author, conference organizer and philanthropist.

<span class="mw-page-title-main">Younes Nazarian</span> Iranian-American businessman and philanthropist (1931–2022)

Younes Nazarian was an Iranian-American businessman, investor, and philanthropist. An early investor in Qualcomm, he was the chairman of Nazarian Enterprises. He was also a major donor to charitable causes in California and Israel.

<span class="mw-page-title-main">Vasantrao S. Dempo</span> Indian industrialist and philanthropist (1916–2000)

Vasantrao Shrinivas Sinai Dempo was an Indian industrialist, aristocrat and philanthropist, who founded the Dempo Group of Industries. The mining business he founded in 1941 has now grown to include interests in shipbuilding, minerals, foods, iron and steel, education, travels and construction.. After Liberation of Goa, he was amongst the richest people in India, his family remains the wealthiest in Goa today. His family were awarded a barony in Goa as landholders in 1873 by Luís I of Portugal. He was the founder of the Dempo S.C., a popular football club based in Goa, which he nurtured after acquiring the local club, Bicholim SC. Vasantrao Dempo Reflective Chair, an endowment professorship at the Tepper School of Business of the Carnegie Mellon University is named after him and is funded by the endowment of Dempo Group. Dempo Charities Trust, the philanthropic arm of the Group runs several educational institutions in Goa.. Dempo was a pioneer in Indian and European co-operation as globalization was taking off, forming the Centro de Estudos Voicuntrao Dempo (Voicuntrao Dempo Indo-Portuguese Centre, named for his brother Voicuntrao Dempo a member of Parliament in Portugal,, in 1987, with himself as President, Dr. Jose Rangel of Tipografia Rangel as Director and Adv. Manohar Usgaonkar as a Trustee. The Government of India awarded him the fourth highest civilian honour of the Padma Shri in 1991.

Daniel Rose is an American real estate developer, philanthropist, and essayist.

<span class="mw-page-title-main">Rusty Taco</span> American fast food chain

Rusty Taco is an American-based chain of fast food restaurants originating in Dallas, Texas in 2010, by founders Rusty Fenton and his wife, Denise Fenton. Rusty Taco is a subsidiary of Gala Capital Partners. As of 2022, there are 37 restaurants in nine states.

David Gibbs is an American businessman and CEO of Yum! Brands Inc.

Steve Salis is an American entrepreneur, co-founder of &pizza, and the founder of Sizzle Acquisition and Salis Holdings.

References

  1. 1 2 3 4 5 6 "David Nazarian, 1982 CSUN graduate, gives university $10 million, aims to raise $15 million more". Daily News. March 27, 2014. Retrieved September 1, 2023.
  2. 1 2 Q&A: David Nazarian on Giving Back to His Alma Mater, Los Angeles , April 3, 2014
  3. 1 2 3 4 "David Nazarian, Nimes Capital LLC: Profile and Biography". Bloomberg.com. Retrieved September 1, 2023.
  4. 1 2 3 4 5 6 7 8 9 "Hillel Organization Honors David Nazarian for Major Gift to CSUN". CSUN Today. September 29, 2014. Retrieved September 1, 2023.
  5. ↑ "CSUN Announces Naming of the David Nazarian College of Business and Economics". CSUN Today. March 26, 2014. Retrieved September 1, 2023.
  6. ↑ West, Kevin. "The Persian Conquest". W Magazine. Retrieved May 1, 2018.
  7. ↑ "Interview with David Nazarian, Smart Technology Ventures III - socaltech.com". www.socaltech.com. Retrieved May 1, 2018.
  8. ↑ "CSUN Announces Naming of the David Nazarian College of Business and Economics | CSUN Today". csunshinetoday.csun.edu. March 26, 2014. Retrieved April 27, 2018.
  9. ↑ "TD Food Group Inc - Company Profile and News". Bloomberg.com. Retrieved September 1, 2023.
  10. ↑ Silverstein, Stephanie (December 28, 2012). "Owner of Taco Bells, Pizza Huts sells to Nimes Capital". www.bizjournals.com. Retrieved September 1, 2023.
  11. ↑ "Restaurant Brands Is To Acquire Hawaiian Taco Bell And Pizza Hut Franchisee". Restaurant Brands. Retrieved September 1, 2023.
  12. ↑ Spotlight On Fast Casual (PDF). Peakstone Group. January 2017.
  13. ↑ "Nimes Real Estate". Nimes Real Estate. Retrieved September 1, 2023.
  14. ↑ "Nimes Real Estate". Nimes Real Estate. Retrieved September 1, 2023.
  15. ↑ "Board of Directors | UCLA Investment Company" . Retrieved September 1, 2023.
  16. ↑ "Harvard Graduate School Leadership Institute: Board of Directors". Archived from the original on April 21, 2015. Retrieved April 27, 2015.
  17. 1 2 Greenger, Nurit. "Hillel 818 Honors David & Angella Nazarian". blogs.timesofisrael.com. Retrieved September 1, 2023.
  18. ↑ "Nazarian Youth Leadership Program". chaischool. Archived from the original on April 27, 2018. Retrieved April 27, 2018.
  19. ↑ "Nazarian Social Innovator in Residence". Environmental, Social and Governance (ESG) Initiative. Retrieved September 1, 2023.
  20. 1 2 Kahn, Gabriel (November 5, 2013). "Something to Talk About: How Angella Nazarian's First "Women A.R.E." Conference Came to Be". LAmag - Culture, Food, Fashion, News & Los Angeles. Retrieved September 1, 2023.
  21. ↑ "Medalist Criteria". www.neco.org. Archived from the original on April 27, 2018. Retrieved April 27, 2018.
  22. ↑ "2018 Ellis Island Medal of Honor Recipients". www.neco.org. Archived from the original on March 13, 2018. Retrieved April 27, 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.