Entrepreneur, businessman, philanthropist, real estate broker, and lawyer, Alvin Malnik possesses all of these qualities. He helped found the renowned American eatery “The Forge Restaurant” in Miami.

Quick Facts of Alvin Malnik

Alvin Malnik is a successful businessman, also spent nearly two years as a guided missile officer with the U.S. Army (1954-1956). Additionally, the Miami Chamber of Commerce recognized him as the “Outstanding Citizen of the Year 2007.”

Alvin Ira Malnik, also referred to as Al Malnik or simply Al, was born in St. Louis, Missouri, in the United States on May 23, 1933. He came from a middle-class immigrant family of Russian Jews. His mother was a stay-at-home mom, while his father worked in the white collar sector.

What is the Alvin Malnik’s Net Worth as of 2022?

Alvin Malnik is the co-founder of The Forge Restaurant, is a wealthy and successful businessman who owns numerous businesses and invests in real estate. His estimated net worth, according to reliable sources, is $130 million.

The main sources of income for Malnik are his eateries, nightclubs, pubs, construction jobs, and stock investments. As a VC, Malnik also receives shares from numerous businesses (Venture Capital).

Malnik is the owner of an opulent Miami mansion with a palm tree. Like Jay Leno, he enjoys collecting both vintage vehicles and modern supercars. Among the various vehicles in his collection are the Porsche, Rolls Royce, and the Bugatti Chiron.

Personal Details and Relationship Details of Alvin Malnik

Al Malnik is wed to Nancy Elaine Gresham and has a wedded life. In 1992, Nancy and Malnik decided to get married after dating for a few years.

Malnik previously wed Deborah “Debbie” Carol (formerly Froelich) Malnick Hopp. Later, due to cognitive dissonance, they split up. However, the precise cause has not been made public as of yet.

Alvin Malnik’s Wife: Nancy Elaine Gresham

On December 18, 1969, Nancy Elaine Gresham, also known as Nancy Malnik, was born. She resides at Boynton Beach’s North Ocean Boulevard with her husband. Both Nancy and Malnik have kept their identities private since they both wish to maintain a low profile.

Nancy, however, only recently entered the public eye after investing $12.3 million in a Wellington equestrian estate in late October 2021. Nancy purchased the 17-acre property from a business run by attorney Steven Carr.

Deborah Carol is the ex-wife of Al Malnik

Alvin Malnik’s ex-wife was Deborah Carol, also known as Debbie Carol. She was born in St. Louis, Missouri, in the USA, on July 10, 1936. She wed her pilot John following their divorce from Malnik.

Sadly, Debbie passed away on November 30, 2013, at the age of 77. Her children, grandkids, and other family members organized her funeral service at 501 96th Street, Surfside, FL 33154. In Doral, Florida’s Lakeside Memorial Park, she was laid to rest.

Alvin malnik’s Children: Triplets & Twins

Ten children in total, from both of Al Malnik’s spouses. Deborah Carol contributed four of them, and Nancy Elaine Gresham contributed six.

Shareef, Allison, Susan, and Andrea are the four daughters that Malnik and his ex-wife Debbie Carol have together. He also has triplets, Spencer, Jarod, and Nathan; twins, Noah and Sterling; and a daughter, Jesse, with Nancy E. Gresham.

Shareef Malnik is the oldest son of Malnik.

The adage “Like Father, Like Son” perfectly describes Shareef Malik. Like his father, he is a successful financier, attorney, investor, and philanthropist.

Shareef, who was born on February 18, 1958, and his father Alvin jointly run The Forge Restaurant. In addition, he serves as chairman and managing director of the thriving investment company Greyhawk Capital LLC.

Additionally, on September 6, 2015, Shareef Malnik, an actor and producer, wed Gabrielle Anwar, a well-known British-American actress. He has appeared in TV movies like Cause, The Blackout, and Cafe and Tobacco.

Education and Academic Qualification of Al Malnik

At the age of seventeen, Al Malnik finished his elementary education at Clark Elementary School and his high school education at Soldan High School.

Malnik holds two bachelor’s degrees. He earned a Bachelor of Arts from Washington University in his birthplace of St.Lous in 1954. He enrolled in the University of Miami School of Law after two years, decided to continue his career there, and earned his LLB and Juris Doctor (J.D.) in 1959.

After receiving his degree, he joined The Florida Bar, the third-largest bar association in the United States that oversees the legal systems and conduct of attorneys.

Al Malnik: Philanthropy & Charity Donations

With his enormous wealth, Malnik also uses his philanthropic ideas to help people like Femi Otedola. He and his family support philanthropy and charitable giving.

The Miami Make-A-Wish Ball, an occasion that raises money to improve the lives of kids with disabilities and diseases, has received multiple contributions totaling millions of dollars each year from the Al and Nancy Malnik family.

AML (acute myeloid leukemia) research grants have also been funded by Malnik in order to advance the fight against cancer. He also established The University of Miami Sylvester Comprehensive Cancer Center in addition to this.

The Dana-Farber Cancer Institute sent a letter of appreciation to the Al and Nancy Malnik family for their assistance in the fight against cancer.

Business & Real Estate

Multiple enterprises are owned by Malnik and his family. He made a rapid $2 million profit in the beginning of his career by buying and selling the rights to Scopitone. Malnik currently owns places including The Forge, Lady Bug, and Honey for the Bears as well as shopping malls, hotels, and eateries.

His real estate endeavors include the Miami Sky Lake Country Club, homes at the Los Angeles Club, Cricket Club Condominium structures, and apartment buildings in both California and Florida.

Quick Facts about The Forge Restaurant

Al Malnik and his associates bought The Forge Restaurant in 1968, making it the second-oldest restaurant in South Florida. The restaurant was renovated to give it a chic and opulent appearance. The restaurant recently underwent a $10 million renovation.

The Forge Restaurant received the International Grand Master Wine Award for having the greatest wines. In addition, the restaurant was ranked first on Wine Spectator Magazine’s list of the greatest wines.

How active is your social media presence?

Malnik’s busy schedule prevents him from being visible and engaged on social media. He has to oversee his enterprises and endeavors. However, his children are rather active on social media and occasionally upload images of themselves with Malnik.

Shareef Malnik, the son of Alvin, utilizes Instagram. More than 10,000 people follow him on Twitter under the name @shareefmalnik.