Mauricio Umansky is a Real estate tycoon and reality show star who hails from Mexico. Another reality series about LA’s most luxurious real estate, Buying Beverly Hills, has just debuted on Netflix. One of them focuses on Mauricio Umansky’s brokerage, which has enabled him to amass a very staggering net worth.
Former Real Housewives of Beverly Hills star Kyle Richards’ dashing partner is Mauricio Umansky. He is regarded as the “hottest househusband” in the entire series. Additionally, Kyle and his four kids Farrah Aldjufrie, Alexia, Sophia, and Portia are frequently seen in episodes of the Bravo program with Mauricio.
Mauricio Umansky owns The Agency in Beverly Hills, California. The competitive Los Angeles luxury real estate market is highlighted by Mauricio, his daughters Farrah and Alexia, and the outstanding group of agents.
Now that you have an insider’s view of his business, here is all you need to know about his wealth.
What Is Mauricio Umansky’s Net Worth?
Net Worth: $100 MILLION
Umansky’s nine-figure net worth is the result of his entrepreneurial spirit, which saw him go from the apparel industry to that of a modern real estate mogul; his wife is also rumored to be wealthy.
4 Ways Mauricio Umansky Made His Millions
1. Real Estate Sales
Real estate sales have been the primary contributor to Umansky’s wealth, as reported by Celebrity Net Worth. In 2011, he founded The Agency, which markets high-end real estate in Southern California (think neighborhoods like Beverly Hills, Holmby Hills, Malibu, and Brentwood).
Umansky’s annual property sales are said to be in excess of $150 million, and that doesn’t include the commission his brokers at The Agency earn.
Umansky boasted to Worth that he made over $200,000 in commissions from his first
real estate job. From a $7.5 million sale to a casual $42 million, he has made a career
out of real estate transactions.
Umansky’s entrepreneurial drive first took him into the apparel industry, where he sold his company when he was just 26. When talking to Worth, he boldly declared that he “created the phenomenon of big T-shirts on girls wearing leggings.”
2. Real Estate Ownership
The sales figures exclude the properties that he owns. Their BelAir estate sold for $6.1 million, and now he and his family reside in a 10,000-square-foot home in Encino, California.
Umansky would not reveal how much they paid for the land, but he did tell the Ventura Blvd audience that a comparable residence in the city of Los Angeles would have cost $45 million. “In the Valley, you can stretch your dollar a lot further.
This land is incredible. We really enjoy the ease of living in this location. Getting about town and finding a parking spot is less of a hassle. Consequently, he explained, “the choice [to leave LA] was first driven by real estate.”
Umansky and Richards have a vacation property in La Quinta, California. In 2014, they spent $2.35 million on the roughly 6,000-square-foot house. In September of 2022, a $7.75M price was put on the sale of a once-vacation home in Aspen.
3. Reality Stardom
Reality television is what made Umansky famous, not his real estate career. His wife, Kyle Richards is a cast member on Bravo’s The Real Housewives of Beverly Hills, and he will soon have his own Netflix real estate reality show called Buying Beverly Hills.
While Umansky’s earnings for her appearances on the series remain unknown, we do know that Kyle earns at least $500,000 per season on RHOBH (though other reports put her earnings closer to $270,000 per season).
4. Millionaire’s Husband
Kyle Richards has an amazing net worth that is thought to be in the approx of $100 million as a result of her work in the real estate, fashion, and film industries.
By the way, Kyle’s RHOBH salary is very lucrative. Kyle reportedly earns $270,000 a season, according to The List.
Biography
On June 25, 1970, Mauricio Umansky was born in Mexico. He is the child of Estella Sneider, a well-known radio and television personality in Mexico. Estella works as a sex therapist, psychologist, and writer in addition to other things.
Being diagnosed with neutropenia, which is an extremely low white blood cell count, made Mauricio’s early years challenging. He spent a lot of time in and out of the hospital as a consequence starting at a young age. His parents also had his younger sister a year after he was born.
Mauricio immigrated to the United States with his family when he was six years old. He started off as a student at the University of Southern California but finally left to start his own business.
Umansky started his business career with a lucrative apparel line, which he sold at age 26 for a sizable profit. After that, he entered the real estate industry by working for Hilton & Hyland, a company started by his brother-in-law. Mauricio got off to a fast start, selling a $7.5 million house that had once belonged to his wife’s ex-husband as his very first deal.
Mauricio Umansky frequently ranks well in official real estate agent rankings and is regarded by some as the best agent in the nation. His business has sold real estate valued at more than $1.5 billion since its founding.
Kyle Richards, star of “The Real Housewives of Beverly Hills,” is wed to Mauricio Umansky. Portia, Alexia, and Sophia are their three daughters, and they were married in 1996. He has a stepdaughter named Farrah. On “The Real Housewives,” all four girls were seen attending extravagant birthday celebrations.
He is Rick Hilton’s, Kathy Hilton’s, and Kim Richards’ brother-in-law. His wife, Kyle Richards, is related to Paris and Nicky Hilton.
Conclusion
Mauricio Umansky has an impressive net worth of $100 Million. He earned most of his money from real estate. He is the better half of RHOBH fame Kylie Richards.
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