Manny Khoshbin's Instagram feed is filled with wealth, success, and an abundance of really fine autos. While you may look at his life and think "that must be good," Manny is much more than just Ferraris and private jets. Perseverance has always served as a guiding element throughout Manny Khoshbin's life. In 1984, when he was 14 years old, he immigrated to the United States with his family, earned his real estate license in 1992, and built a thriving real estate firm through hard work.
He is now the president and CEO of The Khoshbin Company, based in Orange County, CA. His business currently has a commercial real estate portfolio that spans seven states and totals 2.5 million square feet of land. He has dabbled in other business ventures in addition to real estate. When he is not cutting deals, he indulges in his love of purchasing expensive, limited edition cars. Let’s furnish you with some fast facts about this supercar enthusiast and collector.
8 His First Purchase Led Him To Bankruptcy
Manny got a new business opportunity in 1991 when his previous business was closed down. His friend approached him with an offer to buy a petrol station with only a 10% down payment. Manny couldn't refuse the offer because he thought it was too good to pass up. He leapt at the chance, but it turned out to be a hoax, and he lost all of his money.
Manny had spent all of his savings on the purchase, but instead of giving up, he became a licensed real estate agent, and after a few months, he established his own mortgage and real estate company, which provided him the ability to invest in bank-owned and distressed properties. It was a wise decision on Manny's part, and it was this decision that propelled him into the spotlight and helped him achieve the enormous success that he now enjoys.
7 Khoshbin's First Car Was a 1983 Honda Accord
Manny Khoshbin started out as a supermarket cashier. During a period of rising tensions between Iran and the United States, the young immigrant was not immune from unfair remarks based on his nationality. Nevertheless, he eked out a living as best he could, making $3.15 an hour, and at the age of 17, he fulfilled one of his aspirations by purchasing his first car at auction, a 1983 Honda Accord for $5,000. He saved $100 per week, or 80% of his salary, for a whole year to buy it.
6 He Spent $2.2 Million On The World’s Fastest Street-Legal Car
The Koenigsegg Agera RS made its premiere in 2015, with a projected production run of only 25 vehicles. Each car in this series was priced at $2.5 million, with all 25 examples selling out in less than 10 months. Manny Khoshbin got his first Koenigsegg in 2018, a limited-edition Agera RS Phoenix with clear carbon and gold accents. However, six months later, Manny Khoshbin decided to sell it. According to CNBC, Khoshbin reportedly backtracked on his original $3 million+ purchase price, claiming he actually spent $2.2 million for the automobile. He flipped it for $4.1 million after six months of ownership, netting him a profit of $1.9 million on the deal.
5 His First Real Supercar Was A Ferrari F40
For many enthusiasts of all things automotive, the Ferrari F40 marks the peak of all-time great cars. It is the final vehicle to receive Enzo's personal seal of approval, and it represents the pinnacle of all-things supercar.
“I used to dream about seeing myself in a Ferrari – my first supercar was a red Ferrari, which I bought by working very hard and saving money every week. I felt great. I had achieved something I had been dreaming about for years”, says Manny in one of his books that provides valuable advice for those who want to make their ambitions a reality.
4 He Owns Nine Mercedes SLR McLaren
How many Mercedes-Benz SLR McLarens do you own? Unfortunately, you probably don't have as many as Manny Khoshbin, who recently added a ninth Mercedes SLR McLaren to his burgeoning collection. This was the first road car produced by McLaren since the legendary McLaren F1 and represented a pleasant grand touring automobile in contrast to the McLaren F1's racetrack origins. This one-of-a-kind partnership optimized Mercedes AMG's most powerful powertrain, combined with McLaren chassis engineering experience. In Khoshbin's opinion, low-mileage examples of the SLR are potential bargains for interested buyers at the moment, and he wants to buy as many as possible. CarGurus presently lists eight SLRs for sale in the United States, although we're sure there are many more being sold privately.
3 He Gave His McLaren Speedtail A Low Reliability Rating
Manny Khoshbin's collection includes the majority of the top supercars, and when a limited edition is launched, he is likely to acquire it as well. The McLaren P1 is the pinnacle of car excellence, and the carbon fiber P1 is an even greater leap forward. With all of that padding and a hefty price tag, the McLaren won't be parked in anyone's driveway unless they have a million-plus in bank savings.
Khoshbin voiced concerns about the Speedtail's reliability, notably its wireless charging pad. However, he's changed his mind, and in his most recent upload, he explains why he may have been incorrect about his McLaren. Khoshbin encountered numerous troubles with his McLaren Speedtail wireless charging pad, for which he gave it an unsatisfactory rating. He recently discovered that the trickle charger on the Speedtail works just well, and his fave supercar has been fully charged for the last two weeks.
2 Manny’s Net Worth Is Estimated At Around $80 Million
Manny is a car enthusiast who has no qualms about upgrading his collection and spending $17 million on new automobiles, despite his present collection being valued at $30 million. To name a few, he has a Hermes Bugatti Chiron, a Porsche Carrera GT, a 2017 Ford GT, a Porsche 935, a McLaren Speedtail, 2 Bugatti Veyrons (one of which being a Rembrandt Edition), a McLaren Senna, a McLaren P1, and a Koenigsegg Jesko.
Stats show that he has a flair for spotting the most profitable investments across all markets, and this is no fluke. Manny Khoshbin's net worth was estimated to be around $45 million in 2014. As of 2022, his net worth is estimated to be nearly 80 million dollars. Manny Khoshbin's net worth should astound you, even more so when you consider he is only 51 years old. He has definitely come a long way, and you will surely see an increase in net worth in the next period.
1 The author of Driven: The Never-Give-Up Roadmap to Massive Success
“Whenever you get behind the wheel of your car, whether it’s a used ten-year-old clunker or a brand-new supercar, you have a set destination – a place you want to go for a moment, for a vacation, for a fresh start in life. You can drive almost anywhere. In life, we usually have several future destinations in mind. And, just as we drive different roads to get where we need to go, typically in nicer and newer vehicles as we mature, we also follow many routes in life, some that lead to dead ends and others that lead to success”, says Manny in Driven: The Never-Give-Up Roadmap To Massive Success - the book that goes beyond its own journey as an entrepreneur and gives new business owners the mindset they need to turn their dreams into reality.
Behind every great success story is a brave and determined lone figure, one who has had to overcome mountains of hardship and gut-wrenching failures in order to pursue a dream tucked away in the future. The real estate mogul, social media personality and foreign car collector, went from zero to a hundred million dollars by following his No. 1 rule: never give up.