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David Parnes Net Worth, Biography & Wiki 2017
David Parnes was born on 21 March 1982, in London, England, and is a real estate agent and television personality, probably best known for being a co-founder and partner in Bond Street Partners real estate company, and for starring in the Bravo reality television series “Million Dollar Listing Los Angeles”.
So just how wealthy is David Parnes at present? According to sources, in mid-2016 Parnes has established a net worth of over $16 million, which he has mostly earned through his involvement in the real estate business, but also through being a cast member of “Million Dollar Listing Los Angeles”. Parnes’ assets include a new luxury 4,200 square foot home in West Hollywood.
David Parnes Net Worth $16 Million
Parnes grew up in a Jewish family in London, and attended the University of Manchester, graduating with his BA degree with Honors in Economics and Politics. He then started working at a hedge fund, and went on to represent a private portfolio of real estate assets in Europe, negotiating a number of top deals with wealthy clients. After spending several summers in the USA, he moved to Los Angeles in 2009.
In 2011 Parnes co-founded the real estate company called Bond Street Partners, along with his childhood friend James Harris. The company, which specializes in residential real estate, commercial estate and investment properties, is a sub-division of the massive real estate company The Agency, owned and operated by Mauricio Umansky. Parnes’ company developed a long list of international and domestic clients in a quite short period of time – in 2013 the company sold $270 million in real estate, with its gross sales being estimated at $120 million, with another $150 million in escrow. In 2014, it sold over $165 million, and over $250 million in 2015. It has established major sales in places such as Hollywood Hills, Bel Air, Beverly Hills, Malibu, Pacific Palisades and Brentwood. The company’s clients often include business managers, producers, agents, and various celebrities, such as the professional basketball player Kris Humphries, to whom Parnes sold a property in Beverly Hills for more than $6 million.
Other famous listings the company has made include the property in L.A.’s Melrose Place, with the clothing stores of famous designers Oscar De La Renta, Chloé, and Mary-Kate and Ashley Olsen’s store The Row, the Hustler store on Sunset Blvd., which the company sold for more than $18 million to developer Zach Vella and the property in Faring Road in Holmby Hills sold for $30 million, in which the partners represented both the buyer and the seller. Bond Street Partners has become one of the most successful real estate companies in Los Angeles; its success has enabled Parnes to become a recognizable figure in LA’s real estate market, and to accumulate a considerable net worth.
In 2014 Parnes became a cast member of Bravo’s real estate reality television series “Million Dollar Listing Los Angeles”, along with his partner Harris. The show portrays the lives of four real estate agents negotiating various business deals, and earning big money in the process. Parnes joined the show during its seventh season and has since remained one of the regular cast members. The show has significantly contributed to his fame and to his net worth as well.
Parnes’ involvement in the real estate business has made him one of the most famous and most successful LA brokers, bringing him accolades such as being named in Hollywood’s Top 25 Real Estate Agents by The Hollywood Reporter in 2014, 2015 and 2016. He was also selected for the Wall St. Journal Real Trends list for 2015 and 2016.
When speaking about his private life, Parnes has been engaged to Adrian Abnosi since 2015, with Parnes putting a luxurious Lorraine Schwartz-designed, 4-carat diamond ring on his fiance’s finger.