- Jason and Brett Oppenheim each began their careers in regulation earlier than shifting to actual property.
- The Oppenheim Group, featured on Netflix’s “Promoting Sundown,” has revamped $3 billion in gross sales.
- This is what we find out about how the brothers have every earned and spent their fortunes.
Jason and Brett Oppenheim have constructed a number of empires — one in actual property, and one other in actuality tv.
The brothers are each famend real-estate brokers. In response to The Oppenheim Group’s web site, the brokerage has revamped $3 billion in complete gross sales to this point. What made the brokerage a family identify, nevertheless, was the Netflix actuality collection “Promoting Sundown” and its spinoff collection “Promoting the OC,” each of which doc the real-estate gross sales and interpersonal drama at The Oppenheim Group’s Los Angeles and Orange County workplaces, respectively.
Whereas the brothers’ particular internet worths have not been publicly disclosed, they’ve every offered tens of millions — and in some instances, purchased tens of millions — in actual property.
This is how Brett and Jason Oppenheim went from working as legal professionals to having profitable real-estate careers.
Each Jason and Brett started their skilled lives as legal professionals
In response to Jason’s profile on The Oppenheim Group web site, he earned each his undergraduate and regulation levels on the College of California, Berkeley. After school, he labored as a lawyer on the regulation agency O’Melveny & Myers — and within the course of, represented the previous CEO of Enron throughout the Enron scandal. His wage as a lawyer was $250,000 a yr, Swagger Journal reported.
In response to Brett’s profile on the Oppenheim Actual Property web site, he additionally earned his bachelor’s diploma at UC Berkeley after which earned a regulation diploma on the College of California, Los Angeles. He went on to work at Skadden, Arps LLP and Latham & Watkins LLP as a securities litigation lawyer.
Brett was the primary brother to maneuver into actual property, and has closed over $1 billion in gross sales
In response to Brett’s web site, when he left regulation, he determined to journey the world. In 2010, he returned to Los Angeles and determined to pivot right into a profession in actual property. As Brett informed Tudum, he stop his regulation profession and bought his real-estate license earlier than his brother Jason did.
Per Brett’s web site, he is offered over $1 billion in actual property over the course of his profession. At present, he is the proprietor, president, and dealer of document of Oppenheim Actual Property. However as proven on “Promoting Sundown,” Brett nonetheless apparently works together with his brother at The Oppenheim Group.
Jason has closed over $3 billion in gross sales and in addition collects a portion of his brokers’ transactions
Jason’s Oppenheim Group profile, which lists him because the brokerage’s president and founder, says that he has closed over $3 billion in gross sales, and at present has over $300 million in energetic real-estate listings. These listings embrace “the most important residence within the Hollywood Hills and one of many largest listings in Los Angeles at $100 million.”
Insider reported in 2022 that Jason closed $429 million in gross sales the earlier yr. Because the proprietor of The Oppenheim Group, Jason additionally collects a portion of different brokers’ gross sales on the brokerage.
When Jason first moved into actual property, he was tens of 1000’s in debt
Swagger Journal reported that when Jason (who, like his brother, traveled the world earlier than switching careers) returned to Los Angeles in 2010, he had $40,000 in credit-card debt. When he joined Coldwell Banker, he made lower than $50,000 a yr, in response to the report.
Jason’s Oppenheim Group profile notes that he labored at Coldwell Banker for 3 years earlier than founding The Oppenheim Group, the place he’s at present the president.
Each brothers have been closely concerned with The Oppenheim Group
Jason informed Insider in 2022 that The Oppenheim Group has grown 20-25% in income every year because it started working in 2014. Insider reported on the time that the brokerage as an entire had $2 billion in estimated complete gross sales.
In November 2021, Jason informed The Actual Deal that the group’s Orange County workplace, which opened that yr, had closed $100 million in gross sales. The group has additionally opened workplaces in San Diego and Cabo San Lucas, per its web site.
Jason has additionally labored as a trainer and given professional testimony in real-estate instances
In response to his Oppenheim Group profile, Jason was employed at UCLA to show real-estate observe. He is additionally supplied professional testimony in real-estate instances.
Jason and Brett seem on ‘Promoting Sundown’ and its spinoff collection, ‘Promoting the OC’
Jason and Brett each steadily seem on “Promoting Sundown,” which is now in its seventh season at Netflix after premiering in 2019. The brothers additionally seem in “Promoting the OC,” a by-product collection centered on The Oppenheim Group’s Orange County workplace, which has run for 2 seasons.
The phrases of their general cope with Netflix have not been made public, so it is unclear precisely what they’ve made off of the exhibits.
Jason has been concerned in charity
In response to Swagger Journal, Jason has contributed each money and time to Meals on Foot, a Los Angeles-based nonprofit geared in direction of serving to unhoused and low-income Angelenos.
“Earlier than I used to be profitable in actual property, I had extra of my time to offer to Meals on Foot,” Jason informed Swagger. “Now that I’ve much less time in my schedule, I’m able to monetarily donate extra generously, however I nonetheless encourage everybody on my workforce to be energetic members and provides again to our group.”
Jason has purchased, renovated, and offered a number of properties
Jason informed Individuals in October 2020 that he had bought a $5.125 million mansion within the Hollywood Hills. The house was beforehand constructed and owned by Jeremy Renner, per The Los Angeles Instances. In response to the Instances, on the time he purchased it, that residence was the fifth that Jason had bought within the 5 years prior.
However as Individuals reported in September 2021, Jason listed the home for $7,995,000 after a “seven-figure” renovation of the property. In response to Realtor.com, he had been renting out the house for $49,000 a month previous to the choice to listing it.
The LA Instances reported in November 2021 that Jason had bought a $7 million mansion in Newport Seashore, nearer to the brokerage’s Orange County workplace in Corona Del Mar. The Newport Seashore residence spans 13,000 sq. toes, with six bedrooms, eight loos, two garages, and a number of indoor-outdoor areas. The Orange County Register reported in Might 2023 that Oppenheim had listed the mansion for near $15 million, additionally itemizing it for lease at $43,500 a month.
Jason additionally spoke with The Los Angeles Instances in 2019 a few $5 million renovation that he did on considered one of his different properties within the Hollywood Hills. He initially bought that residence for $3.5 million.
Brett owns and renovates actual property within the Hollywood Hills too
In response to his profile on the Los Angeles Oppenheim Group web site, Brett additionally at present lives within the Hollywood Hills “the place he renovates and develops properties for his private real-estate profile.”
Jason additionally spends a few of his fortune on automobiles, and each brothers acquire classic sports activities playing cards
In a September 2023 Instagram publish together with a video of him receiving a FF 91 2.0 Futurist Alliance electrical automotive, Jason stated that “if you already know me, you know the way a lot I really like automobiles.”
Hotcars reported in August 2022 that Gotham Storage had completed a “six-figure” construct for Jason based mostly on a Chevy Corvette Mako Shark 2. Jason informed Insider in 2022 that he owns a 1966 Ford Bronco and a Bentley as properly.
Jason additionally has an costly pastime. In the identical interview, he informed Insider that he and his brother each acquire classic sports activities playing cards, which is one thing they did as children. Jason paid $250,000 for Chicago Bears operating again Walter Payton’s 1976 rookie card.