Mauricio Umansky's net worth is estimated at $100 million.
Overview
Mauricio Umansky's net worth stats
Net worth: | $100 million |
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Source of wealth: | Real estate |
Date of birth: | June 25, 1970 |
Place of birth: | Mexico |
How did Mauricio Umansky build his net worth?
Mauricio Umansky, aka "the handsome other half of Kyle Umansky," is one of the OGs of the Real Housewives of Beverly Hills fame. But how did he achieve a reported net worth of $100 million?
Mauricio is Mexican born but was raised in the United States since he was six. Mauricio graduated from USC and started his career in fashion when he founded a clothing company called 90265. He claims he initiated the fad of girls wearing leggings topped with oversized T-shirts. He sold this business at 26 years old for an undisclosed sum.
It's not what you know, but Mauricio's first foray into real estate was through a boutique firm co-owned by his brother-in-law Rick Hilton. Talk about starting with a bang when he earned his first commission of $200,000 on a house worth $7.5 million and became Hilton and Hyland's #1 broker selling 20% of the brokerage's listings.
According to Worth.com, Umansky's most expensive sale was a 25,000-square-foot property on three acres in Beverly Hills that he sold for $42 million, earning an enormous chunk of change for his efforts.
It didn't take long for Umansky to realize that he had what it took to be super rich, and he founded his own company called "The Agency" in 2011.
This business has the phenomenal accolade of selling nearly $4 billion worth of real estate and stands out from other brokerages by turning over the most homes in the country, priced over $20 million.
Properties to have passed through his hands include the Playboy Mansion, which fetched over $100 million; the Walt Disney estate; Michael Jackson's Neverland; and properties Michael Jordan and Prince owned.
According to People, the agency has also represented Norman Reedus, Diane Krueger, Finneas, and the Hemsworth brothers in the sale of their properties.
It is a huge deal to be noted as one of the highest-producing agencies by the Wall Street Journal's real estate section. High-profile developers of properties such as the One$Only, Rosewood, and the Ritz-Carlton are numbered among his representations. Although he doesn't have quite the same notoriety online as the likes of Ryan Serhant, Christine Quinn, or Enes Yilmazer, it's no exaggeration to say that Umansky's real estate brokerage is in the big league and is regularly sought out as the brokerage of choice by multi-millionaires.
Joining his very successful wife, Kyle Richards, on the reality TV stage, he now stars in his reality show, "Buying Beverly Hills," where viewers can see unbelievable properties and find out what happens next with his eclectic staff's lives, which include his two daughters, Farrah and Alexia. We could not find out what the three featured Umansky members are pulling in per episode, but we're sure it's not chicken feed.
How has Mauricio Umansky spent his wealth?
Mauricio and Kyle have lived in a luxurious, opulently furnished 10,000 square foot home in Encino, California, since 2017. It cost $8.25 million plus what they paid to kit it out.
The couple's former Bel-Air mansion was purchased in 2011 for $3 million. Finally, after being on the market for four years, Alexia Umansky, daughter and a member of her father's agency, was instrumental in selling the often-seen home for $6.1 million, according to People.
It stands to reason that a real estate mogul would own a couple of properties, and a vacation home in the desert in La Quinta, California, can be added to the tally. It was bought for $2.35 million.
The couple sold their home in Aspen, Colorado, according to Realtor.com, for $7.75 million. They had shelled out $4.2 million for it in 2016. Soon after that, they purchased another incredible property also in Aspen. This home has to be seen to be believed.
What would a Beverly Hills millionaire be without a stable of expensive, sought-after cars?
During season 3 of RHOBH, Kyle and her husband Mauricio surprised their daughter Alexia with a white Mercedes C250 coupe, and we hear that they have also bought a car for their second-to-last daughter, Sophia.
Add a black Yukon XL to the probable list of Umansky cars. We see pictures and Twitter posts about a Lamborghini but cannot establish Umanski's ownership of this expensive car. However, we do know that Kyle drives one.
When the Umansky's travel to vacation in Aspen, they load the household, including the dogs, onto a private jet. He says he is in the market for his own jet.
FAQs
How rich is Mauricio Umansky?
Dealing in one of the world's most glamorous real estate markets has helped Mauricio Umansky build an estimated net worth of approximately $100 million.
Is Mauricio Umansky a billionaire?
No. Mauricio Umansky is incredibly wealthy, but he needs to sell a few more properties before he can join the billionaire's club.
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