What is Omar Amanat's Net Worth?
Omar Amanat is an American entrepreneur, film producer, and investor with an estimated net worth of $100,000. Despite his history of selling companies for significant gains, during his 2016 fraud trial, Omar claimed he had only $2,700 in total assets and a negative net worth. At that time, he confirmed living in a rented $4.75 million home for $10,000 per month. He is widely recognized as the founder of several startups and was convicted of fraud in 2017.
Early Life and Career
Omar Amanat was born in Montville, New Jersey. He started his career at Datek Online, where he developed a prototype online trading system called Cyber-Block. This innovation led to the company's acquisition by Charles Schwab for $488 million. Amanat later founded Tradescape and served as its chief executive and majority shareholder until E*TRADE purchased the company for $276 million.
Notable Ventures
Amanat co-founded Peak Group Holdings, which secured a 48% ownership stake in Summit Entertainment, the studio behind blockbuster franchises like "Twilight" and "Hunger Games." Summit was eventually acquired by Lionsgate for $400 million. By this time, Omar was considered extremely influential in Hollywood.
In 2014, he co-founded Aman Resorts alongside Adrian Zecha. Despite his notable ventures, Omar has been involved in various lawsuits and was arrested in 2016 as part of a conspiracy case against KIT Digital. At KIT Digital, a cloud video technology company, Omar and his co-founder allegedly hid losses to inflate the value of shares, thus defrauding investors. They were convicted in 2017 and are expected to serve around 10 years in prison.
Personal Life
Omar Amanat was previously married to Helena Houdova. His former spouse Huma Abedin is known for being the ex-wife of Anthony Weiner and a longtime aide to Hillary Clinton.
