Overview

Izak Parviz Nazarian (February 24, 1929 – August 23, 2017) was an Iranian‑born American businessman, investor and philanthropist. Born in a Jewish neighborhood of Tehran, he came from Iran's historic Jewish quarter and remained connected to the Jewish community throughout his life. He built a substantial investment career in the United States and was widely described as a billionaire investor and patron of civic causes.

Business and investments

Nazarian was a managing partner of Omninet Capital, an investment firm that oversaw a diversified portfolio. Over several decades he pursued opportunities across sectors and geographies. His reputation was of a private investor who favored long‑term holdings and who engaged with entrepreneurs and established companies alike.

Philanthropy and public initiatives

Beyond business, Nazarian became known for significant charitable giving and for supporting institutions that bridge the United States and Israel. In 2003 he founded the Citizens Empowerment Center in Israel (CECI), a non‑partisan organization dedicated to promoting election reform, voter education and improvements in democratic processes. His charitable interests included educational programs, community support and initiatives intended to strengthen civil society.

Background and significance

Nazarian's life is often presented as an example of the mid‑20th century diaspora experience: raised in Iran, he emigrated and established himself professionally abroad while maintaining ties to his cultural and religious roots. His efforts combined private investment with public‑spirited philanthropy, reflecting a pattern seen among several immigrant business leaders who direct resources toward civic and communal goals.

Legacy

At his death in 2017, Nazarian left a legacy as an investor and benefactor. Institutions he supported and the organization he founded continue to influence discussions on electoral policy and civic engagement in Israel. His career illustrates how international migrants can shape both business landscapes and public life through sustained investment and philanthropy.

  • Roles: investor, managing partner of Omninet Capital, philanthropist
  • Notable initiative: Founder of the Citizens Empowerment Center in Israel (CECI)
  • Origins: born in Tehran's Jewish neighborhood and active in diaspora philanthropy