Ben Mallah Net Worth: All You Need to Know About It
The success tastes sweeter when it comes from scratch. From the day when you have not a single penny in your pocket to the day when you own millions- that’s how real success is defined. Although most of the millionaires start from zero, some of them deserve to be top on the list regarding the narrative of the rags to riches. One of such men is Ben Mallah. This real estate giant started his journey from the dead-end of life and rose to the height of success with extensive effort, dedication, and passion.
The self-made millionaire has accumulated a net worth of $250 million, as per recent news. The Ben Mallah net worth, therefore, is a fascinating topic to discuss.
The other day, when I was scrolling Google, the name of Ben Mallah came to my notice all of a sudden. The news mentioned, “The Investor Ben Mallah to sell several hotels.” It was a piece of news published in the Tampa Bay Times. And that news grabbed my attention all of a sudden. Gradually, I came to know about the real estate developer Mallah. As the properties are not making enough profit, he planned to put them on sale. He already assessed how the market is going to be in the upcoming years.
Considering all of the factors, he decided the necessary things to be done. That’s how a self-made millionaire’s mind goes like. Let’s know more about the great man. Starting from his early life, we will move towards how he established his net worth. After all, Ben Mallah net worth is a topic we all want to delve into.
Ben Mallah Net Worth: Early Life and Education
Mallah was born on October 29, 1965, at Rockway, Queens, New York. The story of his early life is far different from the others. As per his statements in the interviews, he came from a very low-income family. And, since early childhood, he chose unconventional ways to grow in life. From street hustles in New York Projects, he started a new way of living. He dropped from high school. Although he did not get much formal education, he started to earn money through self-education, ready with and business mindset.
Initially, he started as an office messenger. Then gradually, at the age of 17, he joined the army. The years he spent in the army taught him how to implement discipline in life. And this disciplined mindset helped him a lot to grow as an entrepreneur. Thus, the journey of establishing Ben Mallah net worth was started on the streets. From a school dropout to a street hustler to an entrepreneur to a multimillionaire- that’s how the story of Ben Mallah goes. Well, well! We know that you are keen to know how he built his empire.
Here, let us tell how Ben Mallah net worth reaches its current status, which is $250 million.
Ben Mallah Net Worth: How he Amassed the Wealth
After leaving the life of the army, he joined a job in Oakland, California as a garbage collector. He proved himself there by working hard. Hard work pays, after all! And being satisfied, Mallah’s owner promoted him as a supervisor of a building. From there, his life took a new turn. Eventually, seeing his dedication at work and his trustworthy nature, his employer assigned him the task of supervision of other buildings as well. Soon, he got control of all of the buildings his employer had.
Through these days, he got a chance to explore the world of real estate. And gradually realized that he wanted to see it more. He then joined Wilton’s Marwil investment, where buying and selling homes were the main concern.
Most of Mallah’s wealth is from his real estate venture. He is known as a famous real estate tycoon at Tampa Bay. His success started to make a significant move when he first closed a real estate deal by selling a house at $12 million. He bought it for $8 million. He has flipped innumerable houses, properties by turning the dilapidated properties into profitable ones. His major real estate ventures include buying and selling houses, renovation and sale of properties, consultancy on real estate, investment in hotels and resorts, and car deals. Ben Mallah net worth was majorly based on all of these ventures. He runs his own company, now called Equity Management Partners INC.
Only by buying and selling houses through his company for thirty years, he accumulated a huge net profit. Alongside this, he invested in renovating the old houses, stores, etc. Although this venture is new and risky in the real estate market yet, he planned well and succeeded in gathering a large amount of fortune out of it. Seeing his activities and analyzing his strategies, one can point out that the key to success in this section of real estate is to find out the houses with strong foundations.
Once you find such properties, invest in them and give them a more profitable outlook. Then, choose the target audience and let them get mesmerized by the ambiance. Finally, quote the price and sell it. That’s how Ben Mallah net worth grew through the flipping of houses. As the world is now overwhelmingly running with the consumer-based economy, consultancy is a good key to accumulate huge cash. So, Mallah took it as an opportunity.
His company works as a real estate consultancy, helping people gather knowledge on property management, acquisition, construction management, and many other aspects of real estate.
After managing enough wealth from real estate ventures, he invested in the hospitality industry. He owned several hotels as assets. Alongside this, he invested in different car deals. He has bought a classic collection of different kinds of cars. From Rolls Royce Phantoms to coveted Batmobile- the list is exclusive, including various kinds of cars. Well, he has also managed to make money out of cars as well. He buys the cars and later sells them for profit.
Also, he is very much active on social media. You can find him nearly everywhere. You can find him from different social media sites to online streaming platforms, like YouTube, Spotify, etc.
Ben Mallah Net Worth: His Personal Life
Let’s know who supports him in his times of ups and downs. Ben Mallah is married to Karia Nila. Three children were born out of this wedlock. In his personal life, too like his professional life, he works amazingly. He is a loving and loyal husband, along with a great dad. He has coached all of his children to run how to close the deals on real estate. Well, the elder two have already run the real estate investment.
Bottom the Line
So, these are all of the details on Ben Mallah net worth. You will get to know how the American entrepreneur Ryan Gosling accumulated his wealth. Probably, it is a hard life in early childhood taht led him to become a successful millionaire. We hope you liked it and enjoyed it. To know more such stories, click here.