With the arrival of Buying Beverly Hills season two on March 22, the veil is once again lifted on the enigmatic world of The Umansky Group. This series is more than just a glimpse into luxury real estate; it’s a journey through the heart of Beverly Hills, guided by the seasoned hands of Mauricio Umansky and his cadre of real estate virtuosos. Here, the business of selling homes isn’t just a family affair, it’s an elevated art form.
Buying Beverly Hills unfolds its second season with a renewed focus on the intricacies of the real estate game. It’s not just about opulence; it’s a study in strategy, negotiation, and the human element that underpins every transaction. The series deftly navigates the balance between the lavish lifestyles associated with its locale and the genuine, often complex, motivations of its clients. In doing so, it offers a fresh perspective on the luxury market, one that is as insightful as it is engaging.
The Umansky Group and The Agency
At its core, the Umansky dynasty is a blend of real estate prowess and entertainment royalty, led by Mauricio Umansky and his wife, Kyle Richards. A titan in the luxury real estate sector, Mauricio has made an indelible mark with The Umansky Group, representing some of the most prestigious properties in Beverly Hills and beyond. His strategic acumen and unrivaled expertise have elevated the firm to stellar heights.
A household name thanks to her long-standing tenure on The Real Housewives of Beverly Hills, Kyle Richards brings her own brand of glamour to the family’s ventures. Beyond her television fame, Kyle’s keen sense of style and understanding of the luxury market’s dynamics complement Mauricio’s business strategies, offering a unique perspective that further enriches their brand.
Imbued with their parents’ entrepreneurial spirit and work ethic, the couple’s daughters, Alexia, Sophia, and Portia are making their own strides. Alexia and Sophia, in particular, have shown an interest in real estate, contributing to the family business and carving out their roles within the industry. Farrah Brittany, Kyle’s first daughter, is also a part of the Umansky Group, bringing her own real-estate ambitions to the table. Their involvement speaks to the Umanskys’ commitment to legacy — a fusion of family and business that drives their collective success.
Mauricio Umansky’s life and net worth
Mauricio’s academic journey began at the University of Southern California, where he enrolled in college before deciding to leave in pursuit of entrepreneurial ambitions. His roots, however, trace back to Mexico, where he spent his early years until the age of six before relocating to the United States, as mentioned by Bravo. Coming from a family with a strong business background, his father was involved in the clothing manufacturing industry, while his mother, a holder of multiple degrees, was a practicing psychologist.
He started a clothing company after college
Mauricio’s initial foray into the business world wasn’t in real estate, but rather in the fashion industry. Following his time at USC, he established a clothing brand named 90265. He also claims to have “started the fad of oversized T-shirts on girls wearing leggings,” he shared in an interview with Worth. Mauricio sold the business when he was 26 years old.
His first real estate sale was worth USD 7.5 million (INR 62 crore approx.)
Mauricio’s first real estate job was at a boutique firm in Beverly Hills that is co-owned by his brother-in-law, Rick Hilton, called Hilton & Hyland. “I earned over USD 200,000 (over INR 1 crore approx.) in commissions. I became their number-one agent and was for eight or nine years straight. They had about 100 agents and I was doing 20 percent of their sales,” Mauricio told the publication. The numbers don’t lie. Mauricio started out with a bang. “My wife’s ex-husband gave me the opportunity to sell his property in Brentwood. That was a USD 7.5 million (INR 60 crore approx.) sale,” he told Worth. Casual!
Mauricio has run his own real estate firm for 11 years
In 2011, Mauricio left his role at Hilton & Hyland and started his own company, The Agency. On a LinkedIn post, it was revealed that Mauricio, as the CEO, “leads a team responsible for representing buyers and sellers internationally with many of the world’s most distinguished architectural estates, new luxury developments, and design-centric homes.” The Agency has also listed the homes of Norman Reedus and Diane Kruger, FINNEAS, and the Hemsworth brothers, according to People.
In his interview with Worth, Mauricio also shared that The Agency is so successful because the business is split into three divisions: new developments, resales, and creative. “The creative division also does marketing and branding for other luxury companies, like Lamborghini and Wheels Up. It is a revenue stream that nobody else in this industry has,” he said.
According to Mauricio’s biography on The Agency’s website, he has yet another standout statistic: the accomplishment of amassing close to USD 5 billion (INR 41,649 crore approx.) in real estate transactions, setting him apart as the agent with the highest number of sales in the United States for homes valued over USD 20 million (INR 166 crore approx.). The commission earned from such a staggering volume of sales is undoubtedly substantial.
According to Forbes, The Agency had achieved USD 41 billion (INR 3,41,556 crore approx.) in total sales volume by 2022. The firm has also represented some of the world’s most noteworthy properties — like the Playboy Mansion in 2016 — and they’ve had several listings above USD 100 million (INR 833 crore approx.).
His appearance on Buying Beverly Hills will probably rake in some dough
Clearly, reality television is in the Richards-Umansky’s DNA. While there is no word yet on how much Mauricio is getting paid for this gig on Buying Beverly Hills, it is estimated that he would be drawing a decent sum.
His wife Kyle is worth USD 100 million (INR 833 crore approx.)
Indeed, Kyle Richards boasts a remarkable net worth herself, estimated at approximately USD 100 million, a fortune amassed through her endeavors in the film, fashion, and real estate sectors. Additionally, Kyle’s salary from The Real Housewives of Beverly Hills significantly contributes to her earnings, with reports suggesting she earns about USD 500,000 (INR 4 crore approx.) per season.
They own several beautiful properties
The couple currently live in a 10,000-plus-square-foot home in Encino, California. They have lived there since 2017. “We wouldn’t have been able to afford it — that house in the city would probably be a USD 45 million (INR 374 crore approx.) house,” Mauricio told Ventura Blvd. “You get a lot more for your money in the Valley. The land is amazing. We just love the comfort of living here. Shopping is easier, parking is easier, and life is a bit easier. So the decision was originally driven by real estate.”
Per reports from Bravo, the couple also own a vacation home in the desert in La Quinta, California. They bought the home in 2014 for USD 2.35 million (INR 19 crore approx.). The home is 5,843 square feet, and features a den/office, a gym, living and family rooms, six bedrooms, and seven bathrooms. But that’s not all. The couple previously owned a home in Aspen, Colorado. According to Realtor.com, the couple sold the property in September 2022 for USD 7.75 million (INR 64 crore approx.), turning a tidy profit from its initial 2016 buying price of USD 4.2 million (INR 34 crore approx.).
What is Mauricio Umansky’s total net worth?
With all of that real estate success and stints on reality shows, Mauricio Umansky’s net worth is estimated to be USD 100 million (INR 833 crore approx.), according to Celebrity Net Worth.
(Hero image: Courtesy Netflix, Featured image: The Agency)
(All USD conversions done at the time of writing)
This story first appeared here.
Frequently Asked Questions (FAQs)
– How much is Kyle and Mauricio worth together?
It has been reported that Mauricio Umansky and Kyle Richards’ each have a net worth of USD 100 million (INR 833 crore approx.) . Their combined net worth would then be USD 200 million.
– How much is Kyle Richards worth on her own?
According to Celebrity Net Worth, Kyle Richards has a net worth of USD 100 million.
– How much has Mauricio Umansky sold?
Mauricio Umansky has amassed close to USD 5 billion in real estate transactions.
– Is Kyle still married to Umansky?
Yes, Kyle Richards and Mauricio Umansky are still married.