Ben Mallah is an American entrepreneur born in 1965 in Rockaway, Queens, New York, USA. He has three siblings. Mallah had a challenging childhood experience because he grew up in a crime-infested hometown.
One of his uncles was allegedly convicted for possessing and distributing hard substances.
How old is Ben Mallah?
As of 2023, Ben Mallah's age is 58 years. The real estate mogul was born on 29 October 1965. His zodiac sign is Scorpio.
Career
After dropping out of high school at 14, Ben started working as a messenger. At the age of 17, he joined the army, where he cultivated self-discipline.
In 1987, Mallah became a manager for a small property where he was staying. He started by cleaning out garbage around the building, but Mark Wilton, the landlord, noticed Ben's potential and put him in charge of this real estate asset.
After a while, Mallah became a partner in MarWil Investments. He and Mark bought buildings, then managed and sold them, splitting the profits.
Equity Management Partners Inc.
In 1990, Ben became the CEO of Equity Management Partners Inc. He has been holding the position ever since. The company is based in Tampa/St. Petersburg, Florida area.
He reportedly made a profit of $3 million from his first deal. Usually, he buys dilapidated properties and renovates them. Afterwards, he sells them at higher prices, making considerable profits. Over the years, he has grown the company to become one of the US's top mega real estate firms.
In 2015, he sold Tampa Bay's Best Western Bay Harbor at $34.5 million, making $19.25 million in profit. In 2019, he sold the Hawthorne Suites at $14.4 million.
Again, in the same year, he sold another property in Disney at $33.5 million. Ben has sold over 4,000 units since he ventured into the real estate business.
Hospitality business
The real estate mogul is also in the hospitality industry. The majority of Ben Mallah's hotels are based in Tampa, Florida. Some of his known hotels include the Sheraton Suites Tampa Airport Westshore Hotel, Sheraton Orlando International Drive, Sheraton Suites Fort Lauderdale, and Ramada Tampa Airport Westshore.
He disclosed his plan to renovate certain hotels with the intention of selling them, but intends to offer them at reduced prices as a result of the impact of COVID-19.
YouTube
Ben Mallah has also gained some fame through his YouTube channel, where he shared insights into his real estate ventures and experiences.
His channel provides a platform to discuss various aspects of the real estate business and share advice with viewers. He currently has 900k subscribers as of writing.
How much is Ben Mallah worth?
As of 2023, Ben Mallah's net worth is alleged to be $250 million. He is known for his involvement in the real estate industry.
How did Ben Mallah make his money?
He made his money buying and selling real estate properties. The tycoon owns several expensive properties. For instance, Ben Mallah's yacht cost him $5 million. In 2020, he shared a video on YouTube when he went to buy the 60-feet-yacht.
He recently sold a Sheraton-branded hotel in Fort Lauderdale for $28 million. He also sold his Belleair estate in an $8.7 million deal.
Mallah acquired The Treasure Bay Resort and Marine Club for $10.88 million and has intentions to revamp the 83-room resort, which offers stunning views of Boca Ciega Bay. Additionally, this waterfront resort boasts amenities such as a pool and an outdoor bar.
Where does Ben Mallah live?
Ben lives in a luxurious home in Tampa. According to the Tampa Bay Times, Ben Mallah's house is the most expensive in Tampa. He also owns several other residential houses in the country. He sold some in 2019.
Who is Ben Mallah's wife?
Mallah is married to Karla Nila. The two met when Karla was only 14 and Ben was 34. She and her seven relatives lived in a unit managed by Ben.
The neighbourhood they resided in was very violent, so Mallah took it upon himself to relocate Nila's family to one of his other safer properties. Once Karla turned 18, Ben married her. The two share a son named Aaron.
Previously, Mallah was married to another woman whom he divorced in 1999. They had two sons together. The names of Ben Mallah's children are Ben Jr. and Vinson.
Is Ben Mallah dead?
Ben has been the target of multiple false death rumours which claimed that his unhealthy lifestyle would lead to a fatal heart attack. Nevertheless, Ben is alive and continues to lead an active life.
