Neil Kadisha Biography & Net Worth
Neil Kadisha Biography & Net Worth
|Popular Name:||Neil Kadisha|
|Real Name:||Neil Kadisha|
|Profession:||Businessman, Investor, Entrepreneur, Philanthropist|
|Net Worth:||$2 Billion|
The low-key American businessman, investor and philanthropist, Neil Kadisha, was born in Tehran, Iran, and educated in Manchester, England. He married into the well-to-do Nazarian family, which immigrated to the United States at the end of the Iranian Revolution. He is an executive at Omninet Capital where his co-managing partners include his brother-in-law Benjamin Nazarian. Neil is married to Dora Nazarian, the daughter of the late founder of Omninet Corp and family patriarch Izak Parviz Nazarian. The family sold its satellite tech firm to Qualcomm in 1988, and Neil was a member of the San Diego company’s board until 2002. Read on for more interesting details and facts concerning Neil Kadisha’s net worth, earned from his lucrative and ambitious career as a businessman and entrepreneur.
Early Life: Childhood, Education
Neil was born in Tehran, Iran in 1955.
He attended and graduated from the University of Manchester before starting his career.
Professional Life: Entrepreneurial Career
After graduating from the University of Manchester, Neil Kadisha entered into the world of entrepreneurship in order to forge a professional career for himself. He started off by acquiring a major stake in Stadco, which was a fast-rising aerospace tooling and aircraft module manufacturer company by that time. He eventually got the opportunity to serve as the company’s president and chief executive officer, and he did well by playing his part to the fullest within the establishment, making sure to perform all his assignments diligently and professionally.
In 1981, Neil co-founded GNC Industries Inc. and later assembled enough funds with which he purchased Stadco outright.
In 1996, he paid a substantial amount of money for the acquisition of HPM Corporation.
Neil and his relatives combined to establish the satellite communications company Omninet Corporation in the year 1984. Four years later, the family sold the already growing company to San Diego-based tech giants Qualcomm in 1988 for stock in the telecom firm.
The family moved on with the capital they have made from previous deals and then founded Omninet Capital, which today, is reported to control more than $1 billion worth of real estate assets and owns more than 13,000 residential rental units, as well as an estimated 7 million in commercial real estate square-footage. Neil himself has developed projects in numerous cities in America, include the Sky Las Vegas luxury condominium.
He also forayed into filmmaking during the line of his career, and is most recognized in that aspect as the executive producer of the 2008 film “The Accidental Husband”.
Achievements: Awards & Honors
Throughout his days as a businessman and realtor, Neil Kadisha’s works have won him immense admiration and proper recognition from both clients and reputable organizations alike, as evidenced by his reputation and his remarkable awards chamber.
Some of his honors are as follows –
- Citizens’ Empowerment Center in Israel (2003—)
- Los Angeles Chapter, Member Phoenix House (2005—)
- Co-Founder, The Jewish Federation (1993—)
- Board of Directors, Executive Committee Member (1995–2005)
- Board of Directors, World’s Presidents Organization (2005—)
- Young Presidents Organization, Board of Directors (1995—)
- Los Angeles Chapter, Member/Board of Directors The American Jewish Joint Distribution Committee (2006–2010)
Kadisha sits on the Board of Directors for several non-profit charitable organizations as well. He has been recognized by a good number of organizations within the United States and also in the Jewish communities in England.
Personal Life: Wife, Family
Neil is married to Dora Nazarian, the daughter of the late founder of Omninet Corp and family patriarch Izak Parviz Nazarian.
He was sued and ordered to pay $100 million to a family friend related to allegations that he took unauthorized credits from a trust he controlled. Neil claimed to have paid back the loans and even facilitated the trust to gain 20%.
Neil Kadisha Net Worth: Salary, Income Sources, Shares
This investor right here is known for a lot of things. To break things down a little, he is known as a member (by marriage) of the affluent Nazarian family that controls a lot of wealth in the United States. The Iranian American businessman, is, however, best known as an investor in Qualcomm and for co-founding Omninet.
Mr. Neil Kadisha’s net worth is approximately $2 billion. He has benefited massively from his substantial investment in San Diego-based Qualcomm Inc., which saw its share price gain about 30 percent between 2019 and 2020. The company that is renowned for its cellular products has benefited from investor enthusiasm over recent years, and has rolled out 5G- and 6G-enabled products to meet the rising demand for faster connectivity. Kadisha rakes in decent profits from co-managing Omninet Capital with his family members. It’s a real estate and venture capital fund based in Beverly Hills that manages over 13,000 residential units in the United States, owns roughly 7 million square feet of real estate within the country, and has registered $1 billion in working capital at the present time.