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{{short description|American investor}}
{{Use mdy dates|date=June 2024}}
{{Infobox person
{{Infobox person
| name = David Nazarian
| name = David Nazarian
| image =
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| resting_place =
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| alma mater = [[California State University, Northridge]]<br />[[Marshall School of Business|USC Marshall School of Business]]
| alma mater = [[California State University, Northridge]]<br />[[Marshall School of Business|USC Marshall School of Business]]
| employer =
| employer =
| occupation = Founder and CEO of Nimes Capital
| occupation = Founder & CEO of Nimes Capital
| title =
| title =
| salary =
| networth =
| term =
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| spouse = [[Angella Nazarian|Angella Maddahi]]
| spouse = [[Angella Nazarian|Angella Maddahi]]
| children = 2 sons
| children = 2 sons
| parents = [[Younes Nazarian]]<br/>Soraya Nazarian
| parents = [[Younes Nazarian]]<br />Soraya Nazarian
| relatives = [[Izak Parviz Nazarian]] <small>(uncle)</small><br/>[[Sam Nazarian]] <small>(brother)</small>
| relatives = [[Izak Parviz Nazarian]] <small>(uncle)</small><br />[[Sam Nazarian]] <small>(brother)</small><br/>[[Shulamit Nazarian]] <small>(sister)</small><br/>[[Emina Cunmulaj]] <small>(sister-in-law)</small>

| website = [http://www.NimesCapital.com/ NimesCapital.com]
| website = [http://www.NimesCapital.com/ NimesCapital.com]
}}
}}
'''David Nazarian''' is an [[Iranian-American]] businessman, investor and philanthropist.
'''David Nazarian''' is an American businessman, investor and philanthropist.


==Early life==
==Early life==
David Nazarian was born circa 1962 in [[Iran]].<ref name="ladailynewsmarch27">Dana Bartholomew, [http://www.dailynews.com/social-affairs/20140327/david-nazarian-1982-csun-graduate-gives-university-10-million-aims-to-raise-15-million-more David Nazarian, 1982 CSUN graduate, gives university $10 million, aims to raise $15 million more], ''Los Angeles Daily News'', March 27, 2014</ref><ref name="lamagapril3">[http://www.lamag.com/citythinkblog/qa-david-nazarian-on-giving-back-to-his-alma-mater/ Q&A: David Nazarian on Giving Back to His Alma Mater], ''[[Los Angeles (magazine)|Los Angeles]]'', April 3, 2014</ref> His father, [[Younes Nazarian]], is a businessman and philanthropist. His mother, Soraya Nazarian, is a philanthropist. His paternal uncle, [[Izak Parviz Nazarian]], was also a businessman and philanthropist. Nazarian immigrated to the United States with his parents during the [[Iranian Revolution]] of 1979.<ref name="lamagapril3"/>
David Nazarian was born circa 1961 in [[Iran]].<ref name="ladailynewsmarch27">{{Cite web |date=March 27, 2014 |title=David Nazarian, 1982 CSUN graduate, gives university $10 million, aims to raise $15 million more |url=https://www.dailynews.com/social-affairs/20140327/david-nazarian-1982-csun-graduate-gives-university-10-million-aims-to-raise-15-million-more/ |access-date=September 1, 2023 |website=Daily News |language=en-US}}</ref><ref name="lamagapril3">[http://www.lamag.com/citythinkblog/qa-david-nazarian-on-giving-back-to-his-alma-mater/ Q&A: David Nazarian on Giving Back to His Alma Mater], ''[[Los Angeles (magazine)|Los Angeles]]'', April 3, 2014</ref> His father, [[Younes Nazarian]], was a businessman and philanthropist. His mother, Soraya Nazarian, is a philanthropist. His paternal uncle, [[Izak Parviz Nazarian]], was also a businessman and philanthropist. Nazarian immigrated to the United States with his parents during the [[Iranian Revolution]] of 1979.<ref name="lamagapril3"/>


He graduated from [[California State University, Northridge]], where he received a Bachelor of Science degree in Business Administration in 1982.<ref name="ladailynewsmarch27"/><ref name="bloomberg">[https://www.bloomberg.com/research/stocks/private/person.asp?personId=136658&privcapId=105198 David Nazarian], ''[[Bloomberg Business]]''</ref><ref name="csundavidnazariangift">[http://www.csun.edu/busecon/news/nazarian-gift Nazarian Gift] CSUN, April 9, 2014</ref> He received a Master of Business Administration from the [[University of Southern California]].<ref name="bloomberg"/>
He graduated from [[California State University, Northridge]], where he received a Bachelor of Science degree in Business Administration in 1982.<ref name="ladailynewsmarch27"/><ref name="bloomberg">{{Cite web |title=David Nazarian, Nimes Capital LLC: Profile and Biography |url=https://www.bloomberg.com/profile/person/15856022 |access-date=September 1, 2023 |website=Bloomberg.com |language=en}}</ref><ref name="csundavidnazariangift">{{Cite web |date=September 29, 2014 |title=Hillel Organization Honors David Nazarian for Major Gift to CSUN |url=https://csunshinetoday.csun.edu/csun-leaders/hillel-organization-honors-david-nazarian-for-major-gift-to-csun/ |access-date=September 1, 2023 |website=CSUN Today |language=en-US}}</ref> He received a Master of Business Administration from the [[USC Marshall School of Business]].<ref name="bloomberg"/>


==Career==
==Career==
Nazarian is the founder of Nîmes Capital, an investment firm.<ref name="bloomberg"/><ref name="csundavidnazariangift"/><ref name="csuntoday">[https://csunshinetoday.csun.edu/university-news/csun-announces-naming-of-the-david-nazarian-college-of-business-and-economics/ CSUN Announces Naming of the David Nazarian College of Business and Economics], ''CSUN Today'', March 26, 2014</ref> He serves as its Chief Executive Officer.<ref name="csundavidnazariangift"/> He acquired real estate from the [[Resolution Trust Corporation]] in the first half of the 1990s.<ref name="csundavidnazariangift"/> Additionally, he acquired hotels in the early 2000s and sold them for profit in 2008.<ref name="csundavidnazariangift"/> He has also created venture funds that invested in wireless and broadband technology as well as clean energy.<ref name="csundavidnazariangift"/><ref>{{Cite web|url=https://csunshinetoday.csun.edu/university-news/csun-announces-naming-of-the-david-nazarian-college-of-business-and-economics/|title=CSUN Announces Naming of the David Nazarian College of Business and Economics {{!}} CSUN Today|website=csunshinetoday.csun.edu|language=en-US|access-date=2018-04-27}}</ref> In 2012, Nîmes Capital acquired TD Food Group, a fast food company which owns and operates [[Pizza Hut]] and [[Taco Bell]] restaurants in Hawaii, [[Guam]] and [[Saipan]],<ref>[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=13387596 TD Food Group, Inc.], ''Bloomberg Business''</ref> from [[Brentwood Associates]].<ref name="pacificbusinessnewsstephanie">Stephanie Silverstein, [http://www.bizjournals.com/pacific/print-edition/2012/12/28/owner-of-taco-bells-pizza-huts-sells.html?page=all Owner of Taco Bells, Pizza Huts sells to Nimes Capital], ''Pacific Business News'', December 28, 2012</ref> Nimes sold the company to Restaurant Brands New Zealand in 2017 for a reported $105 million.<ref>{{Cite web|url=http://www.restaurantbrands.co.nz/news/articles/restaurant-brands-is-to-acquire-hawaiian-taco-bell/|title=Restaurant Brand To Acquire Hawaiian Taco Bell|last=|first=|date=October 2016|website=|archive-url=|archive-date=October 2016|dead-url=|access-date=}}</ref><ref>{{Cite book|url=http://peakstonegroup.com/wp-content/uploads/2017/01/Peakstone-Restaurant-Insights-January-2017.pdf|title=Spotlight On Fast Casual|last=|first=|publisher=Peakstone Group|year=January 2017|isbn=|location=|pages=}}</ref> Most recently, Mr. Nazarian has acquired a portfolio of mid-sized operating companies and real estate holdings focused on multi-family, student housing and hotel assets.<ref>{{Cite web|url=http://www.nimescapital.com/about-us.html|title=Nimes Capital - About Us|website=www.nimescapital.com|access-date=2018-04-27}}</ref>
Nazarian is the founder of Nîmes Capital, an investment firm,<ref name="bloomberg"/><ref name="csundavidnazariangift"/><ref name="csuntoday">{{Cite web |date=March 26, 2014 |title=CSUN Announces Naming of the David Nazarian College of Business and Economics |url=https://csunshinetoday.csun.edu/university-news/csun-announces-naming-of-the-david-nazarian-college-of-business-and-economics/ |access-date=September 1, 2023 |website=CSUN Today |language=en-US}}</ref> and serves as its chief executive officer.<ref name="csundavidnazariangift"/> Nazarian and his family became early major shareholders of [[Qualcomm]] when one of their investments joined forces with the communication company in 1988.<ref>{{Cite news|url=https://www.wmagazine.com/story/persian-beverly-hills-2|title=The Persian Conquest|last=West|first=Kevin|work=W Magazine|access-date=May 1, 2018|language=en}}</ref><ref>{{Cite web|url=https://www.socaltech.com/interview_with_david_nazarian_smart_technology_ventures_iii/s-0001412.html|title=Interview with David Nazarian, Smart Technology Ventures III - socaltech.com|website=www.socaltech.com|access-date=May 1, 2018}}</ref> He acquired real estate from the [[Resolution Trust Corporation]] in the first half of the 1990s.<ref name="csundavidnazariangift"/> Additionally, he acquired hotels in the early 2000s and sold them for profit in 2008.<ref name="csundavidnazariangift"/> He has also created venture funds that invested in wireless and broadband technology as well as clean energy.<ref name="csundavidnazariangift"/><ref>{{Cite web|url=https://csunshinetoday.csun.edu/university-news/csun-announces-naming-of-the-david-nazarian-college-of-business-and-economics/|title=CSUN Announces Naming of the David Nazarian College of Business and Economics {{!}} CSUN Today|website=csunshinetoday.csun.edu|date=March 26, 2014 |language=en-US|access-date=April 27, 2018}}</ref> In 2012, Nîmes Capital acquired TD Food Group, a fast food company which owns and operates [[Pizza Hut]] and [[Taco Bell]] restaurants in Hawaii, [[Guam]] and [[Saipan]],<ref>{{Cite web |title=TD Food Group Inc - Company Profile and News |url=https://www.bloomberg.com/profile/company/512853Z:US |access-date=September 1, 2023 |website=Bloomberg.com |language=en}}</ref> from [[Brentwood Associates]].<ref name="pacificbusinessnewsstephanie">{{Cite web |last=Silverstein |first=Stephanie |date=December 28, 2012 |title=Owner of Taco Bells, Pizza Huts sells to Nimes Capital |url=https://www.bizjournals.com/pacific/print-edition/2012/12/28/owner-of-taco-bells-pizza-huts-sells.html?page=all |access-date=September 1, 2023 |website=www.bizjournals.com}}</ref> Nimes sold the company to [[Restaurant Brands New Zealand]] in 2017 for a reported $105 million.<ref>{{Cite web |title=Restaurant Brands Is To Acquire Hawaiian Taco Bell And Pizza Hut Franchisee |url=https://www.restaurantbrands.co.nz/news/restaurant-brands-is-to-acquire-hawaiian-taco-bell-and-pizza-hut-franchisee |access-date=September 1, 2023 |website=Restaurant Brands |language=en}}</ref><ref>{{Cite book|url=http://peakstonegroup.com/wp-content/uploads/2017/01/Peakstone-Restaurant-Insights-January-2017.pdf|title=Spotlight On Fast Casual|publisher=Peakstone Group|date=January 2017}}</ref> In 2018, Nazarian acquired a portfolio of mid-sized operating companies and real estate holdings focused on multi-family, student housing and hotel assets.<ref>{{Cite web |title=Nimes Real Estate |url=https://nimesrealestate.com/ |access-date=September 1, 2023 |website=Nimes Real Estate |language=en-US}}</ref> Nimes Real Estate, a subsidiary of his Nazarian Enterprises, in 2021 had $1 billion in acquisitions.<ref>{{Cite web |title=Nimes Real Estate |url=https://nimesrealestate.com/ |access-date=September 1, 2023 |website=Nimes Real Estate |language=en-US}}</ref>


==Philanthropy==
==Philanthropy==
He serves on the Board of Governors of [[Cedars-Sinai Medical Center]].<ref name="bloomberg"/> He serves as the Chair of the Investment Committee and a member of the Board of Directors of the UCLA Foundation.<ref name="csundavidnazariangift"/><ref>[http://www.uclainvestmentcompany.org/?page_id=8 UCLA Investment Committee]</ref> He also serves on the Board of Leaders of the [[USC Marshall School of Business]].<ref name="csundavidnazariangift"/> Additionally, he serves on the Board of Directors of the Harvard Graduate School Leadership Institute.<ref>[http://hgsli.com/people/board/ Harvard Graduate School Leadership Institute: Board of Directors]</ref>
He serves on the board of governors of [[Cedars-Sinai Medical Center]].<ref name="bloomberg"/> He serves as the chair of the investment committee and a member of the board of directors of the UCLA Foundation.<ref name="csundavidnazariangift"/><ref>{{Cite web |title=Board of Directors {{!}} UCLA Investment Company |url=https://uclainvestmentcompany.org/board-of-directors/ |access-date=September 1, 2023 |language=en-US}}</ref> He also serves on the board of leaders of the [[USC Marshall School of Business]]<ref name="csundavidnazariangift"/> and the Harvard Graduate School Leadership Institute.<ref>{{Cite web |url=http://hgsli.com/people/board/ |title=Harvard Graduate School Leadership Institute: Board of Directors |access-date=April 27, 2015 |archive-url=https://web.archive.org/web/20150421144600/http://hgsli.com/people/board/ |archive-date=April 21, 2015 |url-status=dead }}</ref>


With his wife, he has endowed the David and Angella Nazarian Youth Leadership Program at [[Sinai Temple (Los Angeles)|Sinai Temple]], a Conservative synagogue in [[Westwood, Los Angeles|Westwood]], for children from the 9th to the 12th grade.<ref name="timesofisraelnurit">Nurit Greenger, [http://blogs.timesofisrael.com/hillel-818-honors-david-angella-nazarian/ Hillel 818 Honors David & Angella Nazarian], ''The Times of Israel'', September 24, 2014</ref><ref>{{Cite web|url=https://www.chaischool.org/nazarian-fellowship|title=Nazarian Youth Leadership Program|last=|first=|date=|website=chaischool|language=en|archive-url=|archive-date=|dead-url=|access-date=2018-04-27}}</ref> In 2014, they were also honored for their Jewish and pro-Israel philanthropy by [http://www.hillel818.org Hillel 818], the chapter of [[Hillel: The Foundation for Jewish Campus Life]] for students at [[California State University, Northridge]] (CSUN), [[Pierce College]] and the [[Los Angeles Valley College]].<ref name="timesofisraelnurit"/> Additionally, they endowed the Angella and David Nazarian Social Innovators in Residence program at the [[Wharton School of the University of Pennsylvania]].<ref>[http://socialimpact.wharton.upenn.edu/projects/nazarian-social-innovator-residence/ Wharton School of the University of Pennsylvania: Nazarian Social Innovator in Residence]</ref>
With his wife, he endowed the David and Angella Nazarian Youth Leadership Program at [[Sinai Temple (Los Angeles)|Sinai Temple]], a conservative synagogue in [[Westwood, Los Angeles|Westwood]], for children from the 9th to the 12th grade.<ref name="timesofisraelnurit">{{Cite web |last=Greenger |first=Nurit |title=Hillel 818 Honors David & Angella Nazarian |url=http://blogs.timesofisrael.com/hillel-818-honors-david-angella-nazarian/ |access-date=September 1, 2023 |website=blogs.timesofisrael.com |language=en-US}}</ref><ref>{{Cite web|url=https://www.chaischool.org/nazarian-fellowship|title=Nazarian Youth Leadership Program|website=chaischool|language=en|access-date=April 27, 2018|archive-date=April 27, 2018|archive-url=https://web.archive.org/web/20180427184417/https://www.chaischool.org/nazarian-fellowship|url-status=dead}}</ref> In 2014, they were also honored for their Jewish and pro-Israel philanthropy by [http://www.hillel818.org Hillel 818], the chapter of [[Hillel: The Foundation for Jewish Campus Life]] for students at [[California State University, Northridge]] (CSUN), [[Los Angeles Pierce College|Pierce College]] and the [[Los Angeles Valley College]].<ref name="timesofisraelnurit"/> Additionally, they endowed the Angella and David Nazarian Social Innovators in Residence program at the [[Wharton School of the University of Pennsylvania]].<ref>{{Cite web |title=Nazarian Social Innovator in Residence |url=https://esg.wharton.upenn.edu/students/nazarian-social-innovator-residence/ |access-date=September 1, 2023 |website=Environmental, Social and Governance (ESG) Initiative |language=en-US}}</ref>


In 2014, he made a charitable contribution of $10 million to his alma mater, CSUN.<ref name="ladailynewsmarch27"/> He also chairs a campaign to fundraise an additional $15 million.<ref name="ladailynewsmarch27"/> As a result, the CSUN David Nazarian College of Business and Economics was named in his honor.<ref name="ladailynewsmarch27"/><ref name="csundavidnazariangift"/>
In 2014, he made a charitable contribution of $10 million to his alma mater, CSUN.<ref name="ladailynewsmarch27"/> He also chairs a campaign to fundraise an additional $15 million.<ref name="ladailynewsmarch27"/> As a result, the CSUN David Nazarian College of Business and Economics was named in his honor.<ref name="ladailynewsmarch27"/><ref name="csundavidnazariangift"/>


==Personal life==
==Personal life==
He is married to [[Angella Nazarian|Angella Maddahi]], a former academic, non-fiction author, conference organizer and philanthropist.<ref name="ladailynewsmarch27"/><ref name="lamaggabriel">Gabriel Kahn, [http://www.lamag.com/citythinkblog/something-to-talk-about-how-angella-nazarians-first-women-are-conference-came-to-be/ Something to Talk About: How Angella Nazarian’s First “Women A.R.E.” Conference Came to Be], ''[[Los Angeles (magazine)|Los Angeles]]'', November 5, 2013</ref> They have two sons.<ref name="lamaggabriel"/>
He is married to [[Angella Nazarian|Angella Maddahi]], a former academic, non-fiction author, conference organizer and philanthropist.<ref name="ladailynewsmarch27"/><ref name="lamaggabriel">{{Cite news |last=Kahn |first=Gabriel |date=November 5, 2013 |title=Something to Talk About: How Angella Nazarian's First "Women A.R.E." Conference Came to Be |url=https://lamag.com/news/something-to-talk-about-how-angella-nazarians-first-women-are-conference-came-to-be |access-date=September 1, 2023 |website=LAmag - Culture, Food, Fashion, News & Los Angeles |language=en}}</ref> They have two sons.<ref name="lamaggabriel"/>


== Awards ==
== Awards ==
Nazarian and his wife Angella are recipients of the '''2018 Ellis Island Medal of Honor''' which are awarded to “American citizens whom exemplify a life dedicated to community service. These are individuals who preserve and celebrate the history, traditions and values of their ancestry while exemplifying the values of the American way of life, and who are dedicated to creating a better world for us all.”<ref>{{Cite web|url=http://www.neco.org/medal-of-honor/2018-medalists%20//%20http://www.neco.org/medal-of-honor/criteria|title=Medalist Criteria|website=www.neco.org|language=en|access-date=2018-04-27}}</ref><ref>{{Cite web|url=http://www.neco.org/medal-of-honor/2018-medalists|title=2018 Ellis Island Medal of Honor Recipients|website=www.neco.org|language=en|access-date=2018-04-27}}</ref>
Nazarian and his wife Angella were recipients of the 2018 [[Ellis Island Medal of Honor]], which are awarded to “American citizens whom exemplify a life dedicated to community service. These are individuals who preserve and celebrate the history, traditions and values of their ancestry while exemplifying the values of the American way of life, and who are dedicated to creating a better world for us all.”<ref>{{Cite web|url=http://www.neco.org/medal-of-honor/2018-medalists%20//%20http://www.neco.org/medal-of-honor/criteria|title=Medalist Criteria|website=www.neco.org|language=en|access-date=April 27, 2018}}{{Dead link|date=January 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{Cite web|url=http://www.neco.org/medal-of-honor/2018-medalists|title=2018 Ellis Island Medal of Honor Recipients|website=www.neco.org|language=en|access-date=April 27, 2018|archive-url=https://web.archive.org/web/20180313153356/http://www.neco.org/medal-of-honor/2018-medalists|archive-date=March 13, 2018|url-status=dead}}</ref>


==References==
==References==
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[[Category:American company founders]]
[[Category:American company founders]]
[[Category:American construction businesspeople]]
[[Category:American construction businesspeople]]
[[Category:American investors]]
[[Category:American manufacturing businesspeople]]
[[Category:American manufacturing businesspeople]]
[[Category:American people of Iranian-Jewish descent]]
[[Category:American people of Iranian-Jewish descent]]
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[[Category:Iranian emigrants to the United States]]
[[Category:Iranian emigrants to the United States]]
[[Category:Iranian Jews]]
[[Category:Iranian Jews]]
[[Category:Jewish American philanthropists]]
[[Category:Marshall School of Business alumni]]
[[Category:Marshall School of Business alumni]]
[[Category:Nazarian family]]
[[Category:Nazarian family|David]]
[[Category:People from Tehran]]
[[Category:Businesspeople from Tehran]]
[[Category:People from Beverly Hills, California]]
[[Category:People from Beverly Hills, California]]
[[Category:Philanthropists from California]]
[[Category:Philanthropists from California]]
[[Category:Exiles of the Iranian Revolution in the United States]]
[[Category:Exiles of the Iranian Revolution in the United States]]
[[Category:Year of birth missing (living people)]]

Latest revision as of 18:13, 2 June 2024

David Nazarian
Born
Iran
Alma materCalifornia State University, Northridge
USC Marshall School of Business
OccupationFounder & CEO of Nimes Capital
SpouseAngella Maddahi
Children2 sons
Parent(s)Younes Nazarian
Soraya Nazarian
RelativesIzak Parviz Nazarian (uncle)
Sam Nazarian (brother)
Shulamit Nazarian (sister)
Emina Cunmulaj (sister-in-law)
WebsiteNimesCapital.com

David Nazarian is an American businessman, investor and philanthropist.

Early life

[edit]

David Nazarian was born circa 1961 in Iran.[1][2] His father, Younes Nazarian, was a businessman and philanthropist. His mother, Soraya Nazarian, is a philanthropist. His paternal uncle, Izak Parviz Nazarian, was also a businessman and philanthropist. Nazarian immigrated to the United States with his parents during the Iranian Revolution of 1979.[2]

He graduated from California State University, Northridge, where he received a Bachelor of Science degree in Business Administration in 1982.[1][3][4] He received a Master of Business Administration from the USC Marshall School of Business.[3]

Career

[edit]

Nazarian is the founder of Nîmes Capital, an investment firm,[3][4][5] and serves as its chief executive officer.[4] Nazarian and his family became early major shareholders of Qualcomm when one of their investments joined forces with the communication company in 1988.[6][7] He acquired real estate from the Resolution Trust Corporation in the first half of the 1990s.[4] Additionally, he acquired hotels in the early 2000s and sold them for profit in 2008.[4] He has also created venture funds that invested in wireless and broadband technology as well as clean energy.[4][8] In 2012, Nîmes Capital acquired TD Food Group, a fast food company which owns and operates Pizza Hut and Taco Bell restaurants in Hawaii, Guam and Saipan,[9] from Brentwood Associates.[10] Nimes sold the company to Restaurant Brands New Zealand in 2017 for a reported $105 million.[11][12] In 2018, Nazarian acquired a portfolio of mid-sized operating companies and real estate holdings focused on multi-family, student housing and hotel assets.[13] Nimes Real Estate, a subsidiary of his Nazarian Enterprises, in 2021 had $1 billion in acquisitions.[14]

Philanthropy

[edit]

He serves on the board of governors of Cedars-Sinai Medical Center.[3] He serves as the chair of the investment committee and a member of the board of directors of the UCLA Foundation.[4][15] He also serves on the board of leaders of the USC Marshall School of Business[4] and the Harvard Graduate School Leadership Institute.[16]

With his wife, he endowed the David and Angella Nazarian Youth Leadership Program at Sinai Temple, a conservative synagogue in Westwood, for children from the 9th to the 12th grade.[17][18] In 2014, they were also honored for their Jewish and pro-Israel philanthropy by Hillel 818, the chapter of Hillel: The Foundation for Jewish Campus Life for students at California State University, Northridge (CSUN), Pierce College and the Los Angeles Valley College.[17] Additionally, they endowed the Angella and David Nazarian Social Innovators in Residence program at the Wharton School of the University of Pennsylvania.[19]

In 2014, he made a charitable contribution of $10 million to his alma mater, CSUN.[1] He also chairs a campaign to fundraise an additional $15 million.[1] As a result, the CSUN David Nazarian College of Business and Economics was named in his honor.[1][4]

Personal life

[edit]

He is married to Angella Maddahi, a former academic, non-fiction author, conference organizer and philanthropist.[1][20] They have two sons.[20]

Awards

[edit]

Nazarian and his wife Angella were recipients of the 2018 Ellis Island Medal of Honor, which are awarded to “American citizens whom exemplify a life dedicated to community service. These are individuals who preserve and celebrate the history, traditions and values of their ancestry while exemplifying the values of the American way of life, and who are dedicated to creating a better world for us all.”[21][22]

References

[edit]
  1. ^ a b c d e f "David Nazarian, 1982 CSUN graduate, gives university $10 million, aims to raise $15 million more". Daily News. March 27, 2014. Retrieved September 1, 2023.
  2. ^ a b Q&A: David Nazarian on Giving Back to His Alma Mater, Los Angeles, April 3, 2014
  3. ^ a b c d "David Nazarian, Nimes Capital LLC: Profile and Biography". Bloomberg.com. Retrieved September 1, 2023.
  4. ^ a b c d e f g h i "Hillel Organization Honors David Nazarian for Major Gift to CSUN". CSUN Today. September 29, 2014. Retrieved September 1, 2023.
  5. ^ "CSUN Announces Naming of the David Nazarian College of Business and Economics". CSUN Today. March 26, 2014. Retrieved September 1, 2023.
  6. ^ West, Kevin. "The Persian Conquest". W Magazine. Retrieved May 1, 2018.
  7. ^ "Interview with David Nazarian, Smart Technology Ventures III - socaltech.com". www.socaltech.com. Retrieved May 1, 2018.
  8. ^ "CSUN Announces Naming of the David Nazarian College of Business and Economics | CSUN Today". csunshinetoday.csun.edu. March 26, 2014. Retrieved April 27, 2018.
  9. ^ "TD Food Group Inc - Company Profile and News". Bloomberg.com. Retrieved September 1, 2023.
  10. ^ Silverstein, Stephanie (December 28, 2012). "Owner of Taco Bells, Pizza Huts sells to Nimes Capital". www.bizjournals.com. Retrieved September 1, 2023.
  11. ^ "Restaurant Brands Is To Acquire Hawaiian Taco Bell And Pizza Hut Franchisee". Restaurant Brands. Retrieved September 1, 2023.
  12. ^ Spotlight On Fast Casual (PDF). Peakstone Group. January 2017.
  13. ^ "Nimes Real Estate". Nimes Real Estate. Retrieved September 1, 2023.
  14. ^ "Nimes Real Estate". Nimes Real Estate. Retrieved September 1, 2023.
  15. ^ "Board of Directors | UCLA Investment Company". Retrieved September 1, 2023.
  16. ^ "Harvard Graduate School Leadership Institute: Board of Directors". Archived from the original on April 21, 2015. Retrieved April 27, 2015.
  17. ^ a b Greenger, Nurit. "Hillel 818 Honors David & Angella Nazarian". blogs.timesofisrael.com. Retrieved September 1, 2023.
  18. ^ "Nazarian Youth Leadership Program". chaischool. Archived from the original on April 27, 2018. Retrieved April 27, 2018.
  19. ^ "Nazarian Social Innovator in Residence". Environmental, Social and Governance (ESG) Initiative. Retrieved September 1, 2023.
  20. ^ a b Kahn, Gabriel (November 5, 2013). "Something to Talk About: How Angella Nazarian's First "Women A.R.E." Conference Came to Be". LAmag - Culture, Food, Fashion, News & Los Angeles. Retrieved September 1, 2023.
  21. ^ "Medalist Criteria". www.neco.org. Retrieved April 27, 2018.[permanent dead link]
  22. ^ "2018 Ellis Island Medal of Honor Recipients". www.neco.org. Archived from the original on March 13, 2018. Retrieved April 27, 2018.
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