Nazarian is the founder of Nîmes Capital, an investment firm. He serves as its Chief Executive Officer. Nazarian and his family became early major shareholders of Qualcomm when one of their investments joined forces with the renown communication company in 1988. He acquired real estate from the Resolution Trust Corporation in the first half of the 1990s. Additionally, he acquired hotels in the early 2000s and sold them for profit in 2008. He has also created venture funds that invested in wireless and broadband technology as well as clean energy. 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, from Brentwood Associates. Nimes sold the company to Restaurant Brands New Zealand in 2017 for a reported $105 million. 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.
Philanthropy
He serves on the Board of Governors of Cedars-Sinai Medical Center. He serves as the Chair of the Investment Committee and a member of the Board of Directors of the UCLA Foundation. He also serves on the Board of Leaders of the USC Marshall School of Business. Additionally, he serves on the Board of Directors of the Harvard Graduate School Leadership Institute. With his wife, he has 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. In 2014, they were also honored for their Jewish and pro-Israel philanthropy by , the chapter of for students at California State University, Northridge, Pierce College and the Los Angeles Valley College. Additionally, they endowed the Angella and David Nazarian Social Innovators in Residence program at the Wharton School of the University of Pennsylvania. In 2014, he made a charitable contribution of $10 million to his alma mater, CSUN. He also chairs a campaign to fundraise an additional $15 million. As a result, the CSUN David Nazarian College of Business and Economics was named in his honor.
Personal life
He is married to Angella Maddahi, a former academic, non-fiction author, conference organizer and philanthropist. They have two sons.
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.”
