Arman Gabay Net Worth 2026

No reputable publisher has released a net worth estimate for Arman Gabay, who also uses the spelling Arman Gabaee. The $56 million figure and income table previously on this page had no source and have been removed. He is a co-founder and co-managing partner of Charles Company, a family real estate firm in Los Angeles that Commercial Observer reported in 2019 owned more than 100 commercial properties totaling over 4 million square feet in California and Nevada. In December 2022 he was sentenced to four years in federal prison after pleading guilty to bribing a Los Angeles County official.

What Is Arman Gabay's Net Worth?

There is no published estimate. Charles Company is private and run by the Gabay family, including Arman's brother Mark, and its properties sit in separate entities with their own loans. The public numbers describe the company, not his personal share.

Those numbers are large. In 2019, Fitch Ratings documents cited by Commercial Observer showed a portfolio of 14 Southern California shopping centers appraised at $413.3 million, refinanced with a $214.8 million loan that paid off earlier debt and released about $15.2 million in cash. That portfolio alone earned $25.8 million in rent in 2018, with net cash flow of $20.1 million after expenses. How much of this flows to Arman Gabay, and what fines, legal costs or other obligations followed the criminal case, has not been reported.

Charles Company: Where the Money Comes From

Charles Company is based in Hollywood and focuses on buying, redeveloping and leasing commercial property, much of it retail, across Southern California. A 2025 press release issued on his behalf says Gabay has more than 25 years of experience in acquisitions, development and urban revitalization.

• Retail centers: The Springs in Palm Springs (about 398,000 sq ft, anchored by Home Depot), Summerwood in Lakewood and a Target-anchored center in Long Beach were among the largest assets in the 2019 refinancing. Occupancy across that group was 98%.
• Pasadena offices: In August 2021 Arman and Mark Gabay bought a three-building, 242,000 sq ft office complex at 2 North Lake Avenue for $80 million, with a $56 million loan from East West Bank, The Real Deal reported. The complex, which includes an 11-story tower, was 63% leased at the sale.
• Other moves: Around the same time the firm sold a 247,000 sq ft office and industrial property in the San Gabriel Valley, marketed three Beverly Hills retail buildings for $52 million and planned a large residential and retail project in West Hollywood.

Federal Bribery Case

Gabay was arrested in May 2018. Prosecutors said that from about 2010 or 2011 he paid a senior county real estate official, Thomas Shepos, monthly cash bribes of $1,000 or more in return for inside information and favorable treatment. The goal was a 10-year, $45 million lease that would have moved county departments, including the Department of Public Social Services, into the Hawthorne mall that his company owned and was renovating.

He initially denied the allegations but later pleaded guilty to one federal bribery count. In December 2022 he was sentenced to four years in federal prison, according to the U.S. Attorney's Office as reported by MyNewsLA. The Los Angeles Times later described it as one of the biggest corruption cases in Los Angeles history. Shepos, who cooperated with investigators, received two years of probation in January 2023.

Recent Developments (2025–2026)

Several Charles Company properties have drawn action from local governments. In September 2025 the City of Hawthorne obtained a court injunction requiring Charles Co. and its affiliate M&A Gabaee to redevelop Hawthorne Plaza, a mall closed since 1999 that had become known for graffiti, trespassing and music video shoots. The Los Angeles Times reported that demolition was under way by September 2026. The same month in 2025, a Los Angeles city board declared buildings at the company's Valley Plaza in North Hollywood a nuisance.

Gabay has also issued press releases announcing a real estate scholarship in 2025 and a grant fund for undergraduate entrepreneurs in December 2025, offering $1,000 awards.

Personal Details

MyNewsLA, citing federal prosecutors, gave his age as 61 in January 2023 and his home as Beverly Hills. The old version of this page listed his height and weight, his college and invented family history; we could not verify any of those and removed them.

Net Worth Compared

For other developers and property executives on this site, see David Dollinger, whose family firm is one of Silicon Valley's biggest landlords, and Bill Shopoff. We have also profiled Brett David and Brandon Kodallas.

Why There Is No Reliable Figure

Family real estate holdings are split among relatives and partnerships, carry mortgages and change value with the market. The 2019 appraisal covers only part of Charles Company, and Gabay's personal share is unknown. We will add an estimate only if a reputable outlet publishes one.