Mauricio Umansky is a prominent name in the luxury real estate industry. Though he is famous for being the husband to The Real Housewives of Beverly Hills star Kyle Richards, his net worth says otherwise. As of 2021, Mauricio Umansky’s net worth is estimated at $100 million.
Read on to learn more about Mauricio Umansky’s net worth, his professional and personal life, and the various ventures that helped him build his wealth.
Who is Mauricio Umansky?
| Full Name | Mauricio Umansky |
| Birth date | June 25, 1970, 54 years |
| Birthplace | Mexico City |
| Nationality | Mexico |
| Ethnicity | Mexican |
| Marital status | Married to reality star Kyle Richard |
| Children | Farrah Aldjufrie, Alexia Umansky, Sophia Umansky, and Portia Umansky |
| Profession | Real estate developer, Reality television personality |
| Net worth | $100 million |
| Source of wealth | Real estate, Television |
Early life and career
Mauricio Umansky is a Mexican-American realtor born on June 25, 1970. He was born in Mexico City to Estella Sneider and Eduardo Umansky. His mother is a respected radio and TV personality. She is also a sex therapist, psychologist, and author.
Mauricio Umansky had a tough early childhood, having been diagnosed with neutropenia. His family moved to the United States when he was six. He attended the University of Southern California but did not graduate, having dropped out to focus on his entrepreneurial dreams.
Mauricio Umansky started his entrepreneurial career with a clothing line, 90265, which he founded in 1989. Umansky claims to have introduced the trend of women dressing in oversized t-shirts with leggings. This fashion style helped the clothing company succeed, explaining why he sold it in 1996 for huge profits.
At 26, Umansky entered the real estate world. He joined Hilton & Hyland, a boutique firm co-owned by his brother-in-law, Rick Hilton. Umansky’s career started pretty well. His first deal was a property belonging to his wife’s ex-husband for $7.5 million.
He launched his own real estate firm, The Agency, in 2011. The Agency specializes in high-end properties in high-end neighborhoods such as Beverly Hills and Holmby Hills. With The Agency, Umansky has over 110 offices worldwide. Umansky has overseen high-end sales, including the first-ever LA property to sell for over $100 million.
Mauricio Umansky is considered a top agent in the United States real estate sector. He constantly takes high spots in official real estate agent rankings. His real estate firm has sold properties worth almost $5 billion.
In 2022, the Umanskys landed a deal with Netflix to star in a real estate series, Buying Beverly Hills. The show stars Umansky and his daughters, Farrah Brittany and Alexia Umansky. His impressive net worth is primarily thanks to these two careers: real estate and reality TV.
Personal life
Mauricio Umansky married Kyle Richards, a reality television star, in 1996. The reality TV personality has four daughters: Farrah Aldjufrie, Alexia Umansky, Sophia Umansky, and Portia Umansky. He and Kyle have three daughters; Farrah is Umansky’s stepdaughter. Her father is Kyle Richards’s ex-husband, Guraish Aldjufrie.
Kyle Richards is popular for the reality TV series The Real Housewives of Beverly Hills, which has featured all four of her daughters. Umansky works with two of his daughters, Alexia and Farrah Aldjufrie, in his real estate ventures. Alexia and Farrah have also appeared in the real estate series Buying Beverly Hills.
Best real estate sales
Mauricio Umansky’s net worth was not built on small business deals. The real estate mogul has represented some noteworthy property deals across the globe. His best deal was the Playboy Mansion, the first property in Los Angeles to cross the $100 million mark. He has also represented the Walt Disney Estate and the properties of Michael Jordan and Michael Jackson.
Mauricio Umansky awards and recognitions
Mauricio Umansky was awarded the 2024 Entrepreneur of the Year Greater Los Angeles award by EY. The program recognizes dynamic world leaders in business based on establishment and sustenance.
Under his leadership, The Agency has also received global recognition and awards. Among the most prestigious recognitions is the Los Angeles Business Journal, which listed The Agency among LA’s top residential brokerages.
Establishing his agency
Mauricio Umansky co-founded The Agency, a billion-dollar brokerage firm, in 2011. As the company’s CEO, Umansky uses world-class technology to close high-end property sales.
Since its establishment, the real estate company has set out to build an industry-changing model and redefined the real estate business by fostering a unique culture of collaboration. In the fiscal year 2022/2023, The Agency sold real estate properties worth about $ 12.4 billion. Since its inception, the firm has overseen transactions worth over $72 billion.
Mauricio Umansky’s properties
In 2011, Umansky and his wife, Kyle Richards, bought a $3 million mansion in the Bel-Air neighborhood of Los Angeles. They used the property primarily for filming The Real Housewives of Beverly Hills. They sold the mansion for $6.5 million in 2022.
In 2017, the couple acquired a home in Encino, California, for $8.2 million. They also own a $2.35 million property in La Quinta, California, purchased in 2014.
How does Mauricio Umansky make money?
Mauricio Umansky began his business career at a young age by launching a clothing line called 90265. The company grew quickly, allowing him to sell it for a significant profit before shifting to real estate at 26.
Most of Umansky’s money comes from his real estate investments. He started at his brother-in-law’s firm, Hilton & Hyland. His first sale here was a $7.5 million transaction on a property belonging to his wife’s ex-husband. He founded his company, The Agency, in 2011, which has become a household name in American luxury real estate.
How does Mauricio spend his wealth?
Besides living an expensive life with his wife, Kyle Richards, Umansky is also an active philanthropist. His company is involved in many charitable activities, including supporting The Children’s Hospital of Los Angeles and Habitat for Humanity. He uses his impressive net worth to improve his community.
