Since 1992, Manny Khoshbin has established himself as a highly successful entrepreneur. Khoshbin also has a passion for cars but just how many does he own?
It is impossible to say exactly how many cars Manny Khoshbin owns, as he constantly buys and sells his vehicles. In 2019, the value of his car collection was estimated at somewhere in the region of $50 million. Having made his millions in real estate, Khoshbin also makes a significant profit from selling rare cars.
For more on Manny Khoshbin’s rise to riches and his enviable car collection, read on.
Manny Khoshbin’s family abruptly left Iran in 1984 following a regime change. When they arrived in the United States, Khoshbin was 14 years old at the time and spoke very little English.
He has shared stories of how he, three siblings, and his parents lived in a station wagon until his father could earn enough money to rent an apartment to live in. Manny’s own employment was unglamorous, working at Kmart and relying on public transport so he could save his money, rather than spending it on a car.
Khoshbin got his real estate license in 1992 and, after doing a great deal of research on the internet, used his meager savings to buy a house in Gardena, California. He expended the rest of his money and credit on renovating the property and made it available for rent.
Just two years later, he sold the property and a handsome profit.
Making His Millions
Khoshbin used the money he gained from selling his first property and reinvested it, using it to buy three more homes. He now had the assets to consistently grow his business, graduating from single-family houses to apartment buildings and commercial properties.
He credits the Internet with proving access to the information necessary to make smart investments. From his home in Orange County, California, he has been able to purchase holdings from across seven of the United States, primarily in Texas.
Khoshbin has stated that his real estate holdings total more than 2.5 million square feet of land. He has bought and sold more than $450 million worth of commercial retail estate.
He has written a book detailing his experiences and offering advice to budding entrepreneurs, “Driven: The Never-Give-Up Roadmap to Massive Success“.
Unlike his days working in retail, Khoshbin is now able to enjoy his money more freely. Cars are one of his great passions and he has amassed a staggering collection.
At one point, Khoshbin owned three Bugattis at the same time, as well as a number of vehicles from McLaren, Porsche, Rolls Royce, and other prestigious names in automotive design.
It might appear as though cars are purely a pleasurable way for Khoshbin to spend his money, and there is certainly some truth in that, Manny also sees them as another investment opportunity.
One of Khoshbin’s prized possessions, the last Koenigsegg Agera RS ever manufactured, was one of the cars he intended on keeping. He later sold it for $4.1 million, netting $1.9 million in profit after owning the car for just five months.
Khoshbin seemingly doesn’t buy cars with the sole intent of selling them for profit but he believes it’s important to buy smart and take opportunities to make a sizeable profit if they present themselves.
When asked if there is a car in his collection that he would not sell under any condition, Khoshbin was quick to name his one of a kind Pagani Huayra Hermès edition. After ordering his Pagani, Khoshbin contacted Hermès, the French luxury fashion house who had previously worked with Bugatti.
Taking into account the $2.5 million cost for a Pagani Huayra and Hermès’ customization work, Khoshbin’s car cost about $7 million. The pride of his collection; Khoshbin has called it his “Picasso”.