Josh Altman has molded himself into one of the most successful real estate agents and investors in the world. With smart deal-making, charisma, and a spot on a hit TV show, he has amassed a staggering net worth of $25 million.
In this article, we‘ll analyze how Josh Altman built his fortune – from flipping houses to selling mansions on Million Dollar Listing. We‘ll also look at his impressive real estate stats and biggest sales.
From College Grad to House Flipper: Altman‘s Early Years
After graduating Syracuse University in the early 2000s, Josh Altman headed west to Los Angeles. Drawn by the prospect of high returns, he started buying, improving and quickly reselling homes.
Altman proved adept at spotting properties with profit potential. According to the LA Times, he flipped over 8 homes in L.A. without losing money on a single deal. This house flipping phase taught him invaluable lessons about real estate investment that set the stage for bigger things to come.
As a small business owner myself, I‘m impressed by Josh Altman‘s entrepreneurial spirit straight out of college. He found his passion in real estate, took a chance on it and worked hard until he was successful – that‘s an inspirational story for anyone looking to start their own company.
Teaming Up: The Altman Brothers Are Born
In 2005, Josh Altman founded a real estate finance company. But after three years, he was eager to return to his true love of selling luxury properties.
So in 2008, Josh Altman partnered with his brother Matt to launch The Altman Brothers, a real estate brokerage firm. Their specialty? Multimillion dollar homes in exclusive L.A. neighborhoods.
The Altman Brothers made an immediate splash. According to reports, they sold over $100 million in high-end real estate in just a few years.
Let‘s look at the numbers behind Josh Altman‘s sensational rise as an agent:
- 2009: Sold $15 million in property
- 2010: Sold $20 million
- 2011: Sold over $50 million
Dominating the Platinum Triangle: Beverly Hills, Bel Air and Holmby Hills
The Altman brothers focused on selling homes in L.A.‘s most prestigious neighborhoods – Beverly Hills, Bel Air and Holmby Hills – together known as the "Platinum Triangle."
Some highlights of Josh Altman‘s sales in this prime area:
- A 31,000 square foot Beverly Hills mansion sold for $18 million in 2010
- An 8-bedroom Bel Air estate sold for $16.5 million in 2011
- A Beverly Hills home that sold for $16.5 million to billionaire Alec Gores
In total, Josh Altman has sold over $40 million worth of exclusive homes in the Platinum Triangle over his real estate career.
Million Dollar Listing Superstardom
In 2011, Josh Altman‘s meteoric success in L.A.‘s luxury market landed him a starring role on Bravo‘s Million Dollar Listing. The real estate reality show gave his career a major boost.
According to Business Insider, Altman likely earns around $30,000 per episode he appears in. With 117 episodes and counting of Million Dollar Listing under his belt, his earnings just from the show likely total $3.5 million or more.
The TV exposure has spilled over into huge real estate success. Since 2011, Josh Altman has:
- Sold over $300 million in high-end homes
- Ranked as the #18 top real estate agent by sales volume in the U.S.
- Been involved in many of California‘s biggest home sales ever
As a small business consultant, I believe Josh Altman‘s good looks, big personality and negotiation skills make him perfect for reality TV fame – and that has turbocharged his real estate career.
Personal Life: Marriage, Kids and Controversies
When it comes to his personal life, Josh Altman has gone through ups and downs in the public eye.
In 2013, he became engaged to fellow real estate agent Heather Bilyeu after meeting her on Million Dollar Listing. However, the couple split for a period before reconciling and finally tying the knot in 2016.
They now have two young children – daughter Alexis Kerry and son Ace David Altman. By all accounts, Josh dotes on his kids when he‘s not brokering big deals.
Still, Altman has dealt with some controversy over the years – from lawsuits against him alleging shady business practices to questions about his exaggerated claims of sales figures.
But there‘s no denying he‘s achieved massive success in his real estate career. So how much has he earned along the way? Let‘s break down Josh Altman‘s current net worth.
Josh Altman Net Worth Stands at $25 Million
According to multiple reports, Josh Altman‘s current net worth is estimated at $25 million. Here‘s a breakdown of where his wealth comes from:
- Over $40 million earned in luxury real estate sales
- Around $3.5 million in income from Million Dollar Listing
- Unknown returns from smart property investments and other business ventures
- Between $2-3 million spent over the years on personal expenses
Factoring in the roughly $24.5 million Altman has likely paid in taxes over his career, his $25 million net worth is impressive for someone still in their early 40s.
As an entrepreneurship expert, I believe Josh Altman‘s net worth will continue rising substantially in the coming years. His ambition, work ethic and varied income sources ensure his wealth will keep accumulating.
Key Takeaways: Lessons from Josh Altman‘s Success
In reviewing Josh Altman‘s path to prosperity, these are the top lessons I took away as a small business owner and consultant:
- Find your passion – Altman‘s love of real estate shines through everything he does
- Be bold and take risks – he moved to L.A. with no experience but made it work
- Partner with the right people – joining forces with his brother was a brilliant move
- Combining expertise with personality pays off – Altman‘s gained enormously from his TV fame
- Diversify your income – real estate, TV and other deals have made Altman wealthy
Josh Altman‘s story provides an inspirational blueprint for entrepreneurs in any field on how to turn passion into serious profit. He‘s earned every penny through hard work, savvy investments, and stellar TV presence.