Malnik bought the rights of the film studio, Scopitone and sold it for a profit of $2 million. He did all this when he was just in his twenties which made him a very young millionaire. The money however didn't get to his head. He recycled his earnings into his business and grew it to be an even bigger company that it is today.
Malnik has also developed many restaurants and clubs in the USA, renovating them to look more like a new club and restaurant. His eldest son helps him with the business and the rest are still studying in school or doing other jobs. Malnik opened a restaurant called The Forge on Miami Beach which is run by his eldest son, Shareef. He didn't like any of the steak houses around his home so he decided to buy a restaurant himself and turn it into a very good restaurant and that's how he ended up opening The Forge.
Personal Life
He had a playboy kind of personality according to many of his friends back in the day. He married his first wife in 1950 but later divorced her due to some complications in their relationship. He himself admitted to cheating on his wife when they were married. This didn't go well with his wife and so they had a divorce to end their marriage.
He didn't marry again for the next 20 years. After just dating and not getting too serious with anyone, he met a woman named Nancy Gresham. He fell for her as soon as he saw her. He married Nancy in 1995 and in attendance were his closest friends and family members. It had been a long time since he had been married so he wanted it to be a special occasion with all of his loved ones. Malnik has 10 children, 4 are from the first marriage and 6 are from the second marriage with Nancy.
Charity
He is very active in the charitable field as he does charity work very often. Despite times of economic slowdown, he continued raising money for the poor and the unprivileged. He has a charitable organization that helps raise the money and provides comfort for the poor families. He has also set up a charitable trust for the Jackson Memorial Hospital for neurological services in Miami. This organization helps people with diseases and helps them pay for the operations.
He continues to give most of his time to the charity work making him one of the biggest Philanthropist in recent times. His net worth is estimated to be around some hundred millions if not a billion dollars however the exact amount is not known.
Return to the previous page| Birth Date: | 23 May, 1933 |
| Age: | 86 yrs |
| Occupations: | Entrepreneur Lawyer |
| Citizenship: | United States of America |
| Birth Place: | St. Louis |
| Gender: | Male |
| Description: | American businessman |
| Net Worth 2021: | 2 million |
