27. Neil Kadisha — $3 billion | Los Angeles Business Journal

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NET WORTH: $3 billion
AGE: 65
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Telecommunications, investments
LAST YEAR: $2.7 billion
CHANGE: +11%

THE MONEY: Kadisha has benefited from his substantial stake in San Diego-based telecom giant Qualcomm Inc., which saw its share price increase about 30% between July 2019 and July 2020. The company is known for its cellular modem products and has benefited over past year from investor enthusiasm for tech stocks. The company has rolled out 5G- and 6G-compatible products to meet surging demand for faster connectivity. Kadisha is also co-managing partner of Omninet Capital, a Beverly Hills-based real estate and venture capital fund that manages $1 billion in capital and owns more than 7 million square feet of commercial real estate and 13,000 residential units nationwide.

THE BUZZ: The low-key Kadisha was born in Tehran and educated in Manchester, England. He married into the wealthy Nazarian family, which came to the United States after the Iranian Revolution. His co-managing partners in Omninet Capital include brother-in-law Benjamin Nazarian. Kadisha’s wife, Dora, is the daughter of family patriarch Izak Parviz Nazarian, the late founder of Omninet Corp. The family sold its satellite technology company to Qualcomm in 1988, and Kadisha was part of the San Diego company’s board until 2002.

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