Mauricio Umansky is a real estate developer from Mexico. He is well-known for taking over the real estate sector, but that was not always his goal for his business. Umansky rose to prominence after landing his own Netflix reality show, “Buying Beverly Hills.”
His daughters, Farrah and Alexia, who offer luxurious residences to clients, also appear on the reality show. If you scroll down, you may discover Maurice Humansky’s net worth.
What is Mauricio Umansky Net Worth?
The estimated net worth of Mauricio Umansky, a Mexican real estate developer and reality TV personality, is $100 million. Even though his wife, Kyle Richard of “The Real Housewives of Beverly Hills,” garners much of the attention, Mauricio is a notable character in his own right.
Umansky is a highly successful real estate agent, routinely closing deals worth over $150 million. However, this sum does not account for the referral fees and other income he earns for his team of agents. He is the current chief executive officer of The Agency. Let’s delve deeper for more information.
Look at the post on Instagram that Mauricio Umansky published publicly on June 29-
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How Does The ‘RHOBH’ Star Make Money?
The executive producer of American Woman reportedly makes $270,000 per season on RHOBH. In 2023, Kyle clapped back at rumors from an RHOBH fan account that she made $500,000 per season.
Mauricio Umansky Career
Umansky started the business by selling a clothing brand he had created; he made a tidy profit before he was 26. After that, he entered the real estate industry by joining Hilton & Hyland, a company founded by his brother-in-law. Mauricio got off to a good start when he sold the $7.5 million home that had belonged to his wife’s ex-husband.
In 2011, he was prepared to launch his real estate agency, which he dubbed “The Agency.” Now headed by Mauricio Umansky as CEO, the company is known for its expertise in Beverly Hills mansions, Holmby Hills mansions, Malibu mansions, and Brentwood mansions. Among Mauricio’s $350 million in assets is a single home priced at $68.5 million, as published on The Agency’s website.
The Agency represents luxury home and apartment renters, purchasers, and sellers. More than 650 people are employed as agents, and the organization has more than 37 locations worldwide. Umansky’s real estate clients include some of the most famous people in the world. He has managed transactions involving the rock star mansions, the Disney Estate, and the Playboy Mansion. Additionally, he assisted in closing a deal for the first Los Angeles property to sell for over $100 million.
Mauricio Umansky is frequently ranked among the best real estate agents in the country, and many people agree with this assessment. More than $1.5 billion in real estate has been sold by his firm since it was founded.
Personal Real Estate
Kyle and Mauricio purchased a mansion in Bel-Air for $3 million in 2011. They shot many scenes at this mansion for “The Real Housewives of Beverly Hills.” In 2017, they placed the house on the market for the first time. They decided to take the $6.5 million offer in January 2022.
Mauricio purchased a $8.2 million property in Encino, California, in October 2017. In 2014, they spent $2.35 million on a property in La Quinta, California.
Mauricio Umansky’s 3 Ways to Make Millions
1. Real Estate Sales
Umansky’s wealth is primarily the result of his real estate transactions. He founded The Agency in 2011, a leading brokerage firm for high-end real estate in Beverly Hills, Holmby Hills, Malibu, Brentwood and the surrounding areas. Umansky’s annual property sales are said to be more than $150 million, which 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. He made $7.5 million on his first real estate deal and $42 million on his largest.
Umansky’s entrepreneurial zeal first drove him to launch a clothing line he sold when he was 26. During their conversation, he brazenly told Worth that he “started the fad of oversized T-shirts on girls wearing leggings.”
2. Real Estate Ownership
His holdings are excluded from the sales figures. He and his family sold their Bel-Air estate for $6.1 million and now reside in a 10,000-square-foot home in Encino, California. While Umansky would not reveal the precise cost of the property, he did tell Ventura Blvd that a comparable mansion in the city of Los Angeles would have sold for $45 million.
Umansky and Richards have a second property in La Quinta, California, where they go on vacation. When they bought the nearly 6,000-square-foot home in 2014, it cost them $2.35 million. In September 2022, a $7.75 million sale was made on a once-vacation property in Aspen.
3. Reality Stardom
Umansky’s reality show appearance is more responsible for his fame than his real estate career. Known as the Real Housewives of Beverly Hills star Kyle Richards’s husband, he will soon have his own Netflix real estate reality show, Buying Beverly Hills.
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Although Umansky’s earnings for appearances on the series are unknown, Kyle supposedly earns $500,000 per season on RHOBH (though some estimates have her earnings closer to $270,000 per season).