On October 29, 1965, Ben Mallah took birth in Rockaway, Queens, New York. He has three siblings. Any claims that he is dead are just rumours. Due to his upbringing in a town plagued by crime, Mallah had a difficult childhood. Ben Mallah launched his real estate company in January 1990. He claimed that his down-to-earth family background was a major driving force behind him starting his business.
Ben Mallah’s desire to be extremely wealthy dates back to his early years. After serving for a brief period in the military, Ben Mallah was employed in Oakland as a garbage collector. His employer promoted him to manage the residence where he was staying after observing his excellent work ethic. Ben Mallah’s employer kept giving him better jobs as long as he kept doing his job exceptionally well. He was eventually given control over all of his employer’s real estate assets within a short period of time.
Early life and career
Ben Mallah was raised in the ghettos of New York for the majority of his childhood. He was born into a low-income family in Queens, New York. He claimed that he had grown up surrounded by criminals and had a burning desire to leave that environment. Ben Mallah, who was unable to finish high school, left school at the age of 14 in order to support himself. Ben Mallah did a variety of jobs on the streets of New York to make ends meet rather than relying on his parents.
He repeatedly referred to his parents’ wretchedness and “stinginess” as the reason why his childhood was a “total misery.”Because of the neglect he experienced as a child, ben Mallah accused his parents of being careless. For the majority of his early years, he had been surrounded by members of organised crime. Hard drug possession and distribution were charges against his uncle, who went by the name Ben Mallah. Additionally, a number of the local criminals were connected to his family.
In 2004, Ben Mallah wed Karla. He paid $16.5 million to former Philadelphia Phillies outfielder Ryan Howard in February 2019 for a gulf-front home in Belleair Shore. Mallah declared that he wanted to give Karla an anniversary gift as a reward. The 2014-built residence has a pool that meanders throughout the property’s 2 12 acres, a trophy room, a wine cellar, a bowling alley, a two-story panelled library, a six-car garage, and castle-like balconies.
Rise to success
Ben was appointed CEO of Equity Management Partners Inc. in 1990. Since then, he has held the position. The company is based in the Florida city of Tampa and St. Petersburg. He allegedly turned a $3 million profit on his first transaction. He typically purchases neglected properties and renovates them. He then resells them for more money, making a sizable profit.
He has developed the business over the years to make it one of the best mega real estate companies in the US. He made $19.25 million in profit in 2015 when he sold Tampa Bay’s Best Western Bay Harbor for $34.5 million. He sold the Hawthorne Suites for $14.4 million in 2019.
He started a YouTube channel under his name in 2018 to share real estate advice. But he also covers other topics like investing in the hospitality industry and auctions. On YouTube, he has more than 230k subscribers. He uses his YouTube channel to document his millionaire lifestyle as he signs multimillion-dollar deals and negotiates massive contracts.
Approximately 10,000 people follow Ben Mallah on the social media site Twitter. Karla Nila, the wife of Ben Mallah, has a modest online following and uses social media frequently.
Sources of Income
In the US, real estate consulting has long been a significant source of revenue. Ben Mallah has seized the opportunity to launch unique consultancy services while working on other real estate projects. His services provide clients with appropriate advice on real estate and construction management. His first venture involved buying and selling homes, where he experienced his first taste of success as an entrepreneur. Ben was able to develop a masterful skill for investing in real estate that brought in millions of dollars for him. The renovation business is another form of commerce that gave Ben the secret to wealth. Mallah has turned the US’s abandoned homes into a lucrative business opportunity.
He has broadened the scope of his business by purchasing new housing structures and remodelling older homes. Last but not least, Mallah has invested in opulent hotels and suites that have aided in his quick ascent to wealth. Ben Mallah happens to be the owner of seven hotels in the US as of 2022, which make up a sizable portion of his total assets. The timing of Ben Mallah’s entry into the real estate industry was somewhat fortunate.
His first years in the real estate industry were a time of growth for the industry. Ben Mallah had the instinct to step in and take advantage of the circumstance. Nevertheless, his focused work ethic and keen eye for bargains made a significant contribution to his real estate success. One of his first transactions involved a house that he paid $9 million for and then sold for $12 million, earning about $3 million.
Philanthropy and Investments
Ben Mallah runs a prosperous hospitality company. In his portfolio, he has a number of hotels and opulent suites. They consist of investments in seven hotels in total as well as several other American hospitality companies. Ben Mallah is a car enthusiast as well. He loves fancy luxury cars. He does not only purchase them to ride, though; he also does so to amass wealth.
While he currently owns a number of expensive vehicles, he has also purchased and sold a number of high-end vehicles, earning hundreds of thousands of dollars in the process. He currently owns a large number of special edition vehicles. His fleet of vehicles includes a Porsche Cayenne and a Rolls-Royce Phantom.
Ben Mallah’s Net Worth
The majority of Mallah’s wealth came from founding and running his business, Equity Management Partners Inc. Self-made millionaire Ben Mallah is thought to have a Net Worth of $250 million. He didn’t even have a high school diploma when he accumulated all of his wealth. His assets and real estate holdings are dispersed all over the country.
Ben sold the Chicago-based Oxford Capital Group a 261-room Best Western Bay Harbor hotel in Rocky Point in 2015 for $34.5 million. Mallah paid $15 million for the hotel in 2012 and added $5 million for renovations. Mallah paid $17.2 million in August 2019 to purchase The Marina at Johns Pass. For $33.5 million, Benjamin sold the Marriott’s Courtyard Orlando Lake Buena Vista hotel close to Disney World in September 2019. He paid $21 million for the Orlando hotel in 2017 and made $5 million in renovations.
Conclusion
Ben Mallah’s life story can teach everyone a great deal about how to become wealthy, just like the stories of all successful business people. Ben Mallah had to overcome a lot of challenges in order to achieve the success he is currently enjoying. The rewards he has so far received are all the more satisfying because the seeds he sowed required a lot of hard work and dedication. The most important lesson from Ben’s success is that using your resources strategically and wisely is essential if you want to be successful as an entrepreneur.
Frequently Asked Questions
Q. How old is Ben Mallah? What is Ben Mallah’s Age?
A. As of 2023, he is 53 years old
Q. What is Ben Mallah’s net worth?
A. Ben Mallah is thought to have a net worth of $250 million.
Q. How did Ben Mallah become successful in real estate?
A. He began his lucrative real estate career in California by picking up trash in exchange for a rent reduction. Mallah was 22 years old and had recently returned to Oakland, California from a stint in Germany. Because of Mallah’s exemplary work ethic, the landlord appointed him as the building’s manager.
Q. What is the biggest real estate deal that Ben Mallah has been involved in?
A. Ben Mallah purchases a retail space in Central Florida.
Q. What other businesses have Ben Mallah invested in?
A. Ben Mallah makes money from Real Estate companies, Apartments, Hotels, Luxury suites, and car deals.
Q. What philanthropic causes does Ben Mallah support?
A. Senior Citizens Services was successfully transformed by Ben Mallah into a charitable foundation.
