Omar Amanat: The Rise And Fall Of A Hollywood Businessman

Omar Amanat's journey is a fascinating tale of ambition, innovation, and controversy. As an American entrepreneur and film producer, he made a significant impact in the business world, particularly in the technology and entertainment sectors. However, his story also serves as a cautionary tale about the pitfalls of success and the potential consequences of unethical decisions.

Born in Montville, New Jersey, Amanat’s career took off when he worked at Datek Online and created an online trading system called Cyber-Block. His innovative spirit led him to establish several successful companies, including Tradescape, which was acquired for a staggering $276 million by E*TRADE. This early success positioned him as a notable figure in the tech industry, but it also set the stage for a dramatic turn of events in his life.

Amanat's involvement in the film industry further solidified his reputation. He co-founded Peak Group Holdings, which negotiated a significant stake in Summit Entertainment, known for blockbuster franchises like "Twilight" and "Hunger Games." However, his story took a dark turn when he faced legal troubles related to his business practices. In 2016, he was arrested in a conspiracy case, leading to a conviction for fraud in 2017. This article explores his life, career, and the lessons learned from his experiences.

Biography of Omar Amanat

What is Omar Amanat's Net Worth?

Omar Amanat is an American entrepreneur, film producer, and investor who has a net worth of $100 thousand. Despite selling numerous companies for hundreds of millions of dollars in gains, as part of his 2016 fraud trial, Omar claimed to have just $2,700 in total assets and a negative net worth. He also at that time confirmed he was living in a $4.75 million home that was being rented at a rate of $10,000 per month. He is best known for being the founder of several startups. He was convicted of fraud in 2017.

Amanat was born in Montville, New Jersey. He started working at Datek Online and initiated a prototype online trading system called Cyber-Block. That company was purchased by Charles Schwab for $488 million. Amanat founded Tradescape and served as founder, chief executive, and majority shareholder before it was purchased by E*TRADE for $276 million.

He then co-founded Peak Group Holdings, which ultimately negotiated a 48% ownership stake in Summit Entertainment, the film studio behind the "Twilight" and "Hunger Games" franchises. Summit was eventually acquired by Lionsgate for $400 million. At this point, Omar was considered by some to be the most powerful person in Hollywood you’ve never heard of.

Amanat co-founded Aman Resorts with Adrian Zecha in 2014. He has been involved in a number of lawsuits and was arrested in 2016 as part of a conspiracy case against KIT Digital. At KIT Digital, a cloud video technology company, Omar and his co-founder reportedly covered up losses to inflate the value of shares, therefore defrauding investors. They were convicted in 2017 and are expected to serve around 10 years in jail.

Amanat was formerly married to Helena Houdova. His first wife is Huma Abedin, Anthony Weiner's ex-wife and the longtime aide to Hillary Clinton.