Izak Parviz Nazarian

American businessman

Izak Parviz Nazarian (February 24, 1929 – August 23, 2017) was a Iranian-born American billionaire businessman, investor and philanthropist. He was a managing partner of Omninet Capital, an investment company. He was born in a Tehran ghetto.[1] He was Jewish.[2]

Izak Parviz Nazarian
Born24 February 1929
Died (aged 88)
Los Angeles, California, United States
Burial placeSinai Temple
OccupationManaging Partner of Omninet Capital, early investor in Qualcomm
EmployerOmninet Capital
Spouse(s)Pouran Nazarian

In 2003, Nazarian founded the Citizens Empowerment Center in Israel (CECI), a non-partisan organization which promotes election reform in Israel.[2][3]


He had no college degree. However, he later on received an honory degree from Tel Aviv University for his philantrophic efforts for the institution. [1]


Nazarian founded Magbit Foundation Los Angeles which helps students struggling to finish college.[1]


Nazarian died on August 23, 2017 in Los Angeles, California at the age of 88.[4][1]


  1. 1.0 1.1 1.2 1.3 "Omninet Founder Izak Parviz Nazarian Dies at 88 | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2020-06-07.
  2. 2.0 2.1 Niv Elis, How an Iranian changed Israel’s electoral laws, The Jerusalem Post, 03/12/2014
  3. Tom Tugend, Israel’s electoral vote revision got boost from Los Angeles philanthropist, The Jewish Journal of Greater Los Angeles, March 14, 2014
  4. Torok, Ryan (August 24, 2017). "Izak Parviz Nazarian, businessman and philanthropist, dies at 88". The Jewish Journal of Greater Los Angeles. Retrieved August 24, 2017.