Have you ever wondered what the net worth of Ben Mallah is?
Known for his street smarts, especially in the real estate industry, Mallah currently owns multiple high-end commercial and residential properties across the United States.
As of May 2023, Ben Mallah has a net worth of $250 million.
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Benjamin Mallah was born in Rockaway, Queens, New York, on October 29, 1965. Growing up with three other siblings, he had a rocky childhood.
His father was a factory worker, and his mother worked as a nurse. Yet, they didn’t pay much attention to their kids or their needs.
Living in a neighborhood known for its high crime rates also didn’t help. All these factors led Mallah to drop out of high school.
By age 14, he had become good at hustling and swindling people out of their money.
Luckily, Mallah didn’t last long as a hustler. Instead, he joined the US army at 18 and vowed never to go back to his old life.
Soon after, while he was stationed in Oakland, California, he was commissioned to help fellow recruits with various tasks around their apartments.
He was dissatisfied with the pay he was receiving from the army. So, he began looking for part-time jobs to work on the side.
It wasn’t long before Mark Wilton, the property owner of one of the apartment buildings where Mallah was working, began noticing how good Mallah was at this sort of thing.
After a short time, Mallah was put in charge of Wilton’s house. It was a pretty basic, straightforward job, but it was how he was later able to take on the role of managing all of Wilton’s properties.
Working as Wilton’s property manager was how Mallah came to know everything there was to know about the real estate industry. He discovered that he had a natural flair for this line of work, and it was something he actually enjoyed doing.
When he finished his service in the Army, he found a job at Wilton’s Marwil Investments where he was in charge of buying and selling houses and stores.
In no time, Mallah found himself a partner at the investment firm where he and Wilton were making a good income renovating properties, selling them, and splitting the profit.
After saving up, Mallah started his own company, Equity Management Partners Inc. in 1990. This is when he put all his focus on buying abandoned properties, flipping them, and selling them for a profit.
Rise to Riches
Malah has held on to his role as CEO, all the while helping the company make millions of dollars in revenue.
Starting with his first deal, which raked in a profit of $3 million, Mallah has been a key player in ensuring the company’s continued success and growth over the years.
Yet, it was his investments in the hospitality industry that really saw his fortune expand.
He invested his earnings from the company in various top hotels in Florida, including:
- Sheraton Suites Fort Lauderdale
- Sheraton Orlando International Drive
- Ramada Tampa Airport Westshore
- Sheraton Suites Tampa Airport Westshore
- Holiday Inn Westshore
After amassing his fortune and gaining such a wide base of experience in commercial real estate, Mallah decided to share his wealth of knowledge.
So, in 2018, he opened a YouTube channel where he gives tips, advice, and important information on how to buy, flip and resell properties.
He also likes to discuss other aspects of the industry, such as investing in top hotels, property auctions, and more!
Then, if he didn’t have enough on his plate, Ben Mallah has his own website where he features his podcast and docu-series named Life: for sale. He also hosts his own YouTube channel, which serves as part of his real estate consultancy side business.
Mallah has been married twice. He divorced his first wife back in 1999.
Then, in 2004, he got married to his current wife, Karla Nila. They currently live in Tampa Bay in a $16.5 million mansion with their three children: Aaron, Vinson, and Ben Mallah, Jr.
Ben Mallah Net Worth 2023
As of May 2023, Ban Mallah’s net worth is $250 million.
Thanks to his expertise in closing high-end real estate deals, Ben Mallah knows how to make a good profit.
It’s believed that one of his best returns came after he closed a deal selling the Best Western Bay Harbor, where he raked in a profit of $19.25 in value.
Over the years, he’s traded over 4000 homes, many of which are worth tens of millions.
He also has income pouring in from his hotels, YouTube channel, podcast, and website.
Frequently Asked Questions (FAQs)
How Much Does It Cost to Talk to Ben Mallah?
If you’re interested in getting some advice from the real estate mogul, he offers special consultancy services. These services offer guidance on how to manage your properties and their renovation or construction.
You can either opt for a 15-minute phone call. That can cost you anywhere from $300 to $600.
Yet, if you want a one-on-one meeting, it’ll cost you in the range of $1500.
What Does Ben Mallah Own?
Ben Mallah is a big player in the hospitality business. He owns a successful real estate company called Equity Management Partners, which has become one of the top-earning mega real estate firms in the country.
He also owns seven hotels and employs more than 500 people.
There’s also a YouTube channel that hosts a docu-series and a podcast both run by Mallah himself.
Has Ben Mallah Won Any Awards?
Despite being an astute, cut-throat real estate mogul where he’s garnered lots of success, Ben Mallah is highly regarded for his compassion and kind heart.
In fact, he’s an active supporter of a number of charitable organizations. He feels that it’s important to donate his time, money, and energy to helping those in need.
His philanthropy spans several charities and organizations, including the American Red Cross, the Boys & Girls Clubs of America, and the Make-A-Wish Foundation. In 2006, Mallah was recognized as ‘Humanitarian of the Year” by the Tampa Bay Business Journal.
He was also honored with the ‘keys to the city’ by the City of Tampa as well as the Tampa Chamber of Commerce.
Do the Work
“I play Monopoly for real.” That’s how Mallah likes to describe himself.
It may be a smart quote that he mentioned in one of his interviews, but it speaks volumes about his work ethic.
Mallah doesn’t like to sit in a plush office and hire management companies to do the work for him. He loves being there in the action and getting a feel for his properties.
Few people bother to put in an hour more than they should. So, if you’re looking for ways to stand out from your competitors, put in the hours that no one else would.
Yet, Mallah knows how important it is to stay in control of your investments. He also values the importance of producing something better than what already exists on the market.
Find a Purpose
Even though Mallah had a terrible upbringing growing up in Queens, he had the mental toughness and self-discipline to use his harsh circumstances to his advantage.
For starters, his parents set an example of what not to do in life. So, he did the opposite of everything they did.
By overcoming the challenges he faced from people and surroundings, Mallah was relentless in his pursuit of success. As a young kid, he only was sure of one thing: he wanted more and more money. So, he became fully committed to his dream until it finally came true.
Dare to Be Different
One of the things that made Mallah the real estate mogul he later came to be is that he took chances. He bought the most dilapidated homes in the worst neighborhoods and fixed them up. Then, Mallah sold them for profit.
Many of his colleagues wouldn’t dare go near these properties, let alone think of buying and renovating them.
Fortunately, his boldness paid off eventually. Sure, it was scary at first and required a huge deal of hard work and patience.
Yet, he was determined to see it through and kept at it until he proved to everyone that he was on the right track to creating value.