Manny Khoshbin Net Worth: From Immigrant to Self-Made Millionaire

After moving to this new country, the family had no money, and Khoshbin even lived in a car with his four siblings until his father could find a job.

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Manny Khoshbin Career

Manny got his first job at the age of 16 at K-Mart, gathering carts and cleaning floors for $3.15 an hour. After a year of mopping the floor at K-Mart, Manny was promoted to sporting goods assistant manager. Even though that was impressive, he desired to construct something much more significant.

After a few months, he decided to quit and start working for a multi-national marketing company, which required him to go door to door selling various snacks. Within the first two months, he had become the company’s top revenue salesman. He, too, discovered a way to cut costs while increasing revenue.

Khoshbin started his own business when he was 18 and in his last year of high school. He had already had some work experience. He had a small warehouse and started his own business by selling things he had bought cheaply and marketing for a profit. However, his company was forced to close due to health regulations. He wasted no time and went into business with a tyre shop, where he was hired as an assistant manager for a year before leaving to start his own business.

My next Contrarian Summit is coming soon 🔥 This in-person event is a huge part of my mentorship program. To learn more about the program and attend my next event, schedule a call with my team (link in profile) pic.twitter.com/Lu0a03Eid8

— Manny Khoshbin (@mannykhoshbin) January 18, 2023

In 1991, Khoshbin agreed with one of his father’s friends to purchase a gas station with as little as a 10% down payment. He undoubtedly jumped at the opportunity, putting his life savings and all of his investments into that business, but the contract with the gas station turned out to be a scam. Then he just left a bank account. Manny got his real estate licence in 1992 after coming up with the idea of starting a new real estate business.

Manny then worked as a loan officer for a mortgage company for six months before obtaining his real estate licence. After obtaining that licence, he established a mortgage and real estate company and began investing in distressed and other properties owned by banks.

That was the tipping point in his career, bringing him to the forefront and allowing everyone in the real estate firm to recognise him. His fortune grew tremendously over time, and he began receiving offers from many other businesses to work with them.

The Coch Ben Group owns 2.2 million square feet of commercial real estate across six states. During his long commercial real estate career, he bought and sold property worth more than $450 million.

Aside from real estate, he has expanded his career to include investments in various other businesses. He also published his book, “Manny Khoshbin’s Contrarian PlayBook: How to Build Your $100 Million Real Estate Portfolio From the Ground Up, ” released in 2011.

Khoshbin then published two more books, “Driven: The Never-Give-Up Roadmap to Massive Success Manny Khoshbin” in 2018 and “Driven LIB/e: The Never-Give-Up Roadmap to Massive Success Manny Khoshbin” in 2022.

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