Alvin Malnik

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Businessman, Attorney, Entrepreneur (1933)
Tue Sep 06 2022
By   sazz

Alvin Malnik is an entrepreneur, businessman, philanthropist, real estate dealer, and legal attorney. He is one of the founders of a flagship American restaurant, ''The Forge Restaurant,'' in Miami. 

Moreover, the successful business owner, Malnik, also worked for the U.S. Army as a guided missile officer for nearly two years (1954-1956). He was also honored by the Miami Chamber of Commerce as ''Outstanding Citizen of the year 2007.'' 

Alvin Ira Malnik, shortly known as Al Malnik or Alvin Malnik, was born on May 23, 1933, in St. Louis, Missouri, USA. He belonged to a Russian-Jewish immigrant middle-class family. His father was a white-collar job holder and his mother was a housewife. 

Al Malnik's Personal & Relationship Details

Al Malnik is a married man who is married to Nancy Elaine Gresham. Nancy and Malnik decided to walk down the aisle in 1992 after dating a couple of years. 

Alvin Malnik and his wife Nancy Elaine Gresham  in white clothes
Alvin Malnik and his wife Nancy Elaine Gresham ( Source: Twitter @friarsclub )

Previously Malnik was married to Deborah "Debbie" Carol (née Froelich) Malnick Hopp. They later got separated due to Cognitive Dissonance. However, the exact reason is not disclosed till now. 

Malnik's Wife: Nancy Elaine Gresham

Nancy Elaine Gresham, or Nancy Malnik, was born on December 18, 1969. She lives with her husband in North Ocean Boulv, Boynton Beach. Nancy wants a low-key profile, so neither she nor Malnik has revealed her information to the public.

However, Nancy recently came into the public limelight after purchasing Wellington equestrian estate for $12.3 million in late October 2021. The 17-acre property was sold to Nancy by a company led by attorney Steven Carr. 

Deborah Carol: Ex-Wife of Malnik

Deborah Carol aka Debbie Carol, was the ex-wife of Alvin Malnik. She was born on July 10, 1936, in St.Louis, Missouri, USA. After her divorce from Malnik, she got married to her pilot John. 

Black and white portrait of Alvin Malnik's  Ex-Wife Deborah Carol
Black and white portrait of Alvin Malnik's  Ex-Wife Deborah Carol ( Image Source: Instagram @shareefmalnik )

Unfortunately, Debbie died on November 30th, 2013, when she was 77 years old. Her funeral service was organized by her children, grandchildren, and her loved ones at 501 96th Street, Surfside, FL 33154. Her burial was done at Lakeside Memorial Park in Doral, FL

Net Worth: How Rich is Al Malnik?

Owning tons of business and investing in real estate, the co-founder of The Forge Restaurant Malnik is a wealthy and successful businessman. As per authoritative sources, the estimated net worth of Alvin Malnik is $130 million

Alvin Malnik's luxurious mega-mansion and his car collections
Alvin Malnik's luxurious mega-mansion and his car collections ( Source: homesoftherich.net )

Malnik's primary sources of income are his restaurants, clubs, bars, real estate projects, and investments in stocks. Malnik also gets equity from several companies as a VC (Venture Capital). 

Malnik owns a luxurious mansion with a palm tree in Miami. He loves to collect new supercars and antique cars just like Jay Leno. His collection includes Bugatti Chiron, Porsche, Rolls Royce, and many others. 

Children: Triplets & Twins

Al Malnik has a total of ten children from both of his wives. Four of them are from Deborah Carol, and six are from Nancy Elaine Gresham. 

Alvin Malnik and his wife Nancy Elaine Gresham with their children  Jesse, Noah and Sterling
Alvin Malnik and his wife Nancy Elaine Gresham with their children  Jesse, Noah, and Sterling( Source: alvinmalnikmiami.com )

Malnik shares one son and three daughters with his ex-wife Debbie Carol; Shareef, Allison, Susan, and Andrea. Likewise, with Nancy E. Gresham, he shares triplets, Spencer, Jarod, and Nathan, twins Noah and Sterling, and a daughter Jesse.

Malnik's Oldest Son: Shareef Malnik

The proverb "Like Father Like Son" is very suitable in the case of Shareef Malik. He is also an attorney, investor, philanthropist, and successful financier just like his father. 

Born on February 18, 1958, Shareef legally owns The Forge Restaurant in partnership with his father Alvin. Moreover, he is also the managing director and chairman of a successful investment firm Greyhawk Capital LLC.

Alvin Malnik's son Shareef Malnik with his beloved wife Gabrielle Anwar
Alvin Malnik's son Shareef Malnik with his beloved wife Gabrielle Anwar ( Image Source: Instagram @shareefmalnik )

Also, Shareef Malnik is an actor and producer who is married to a popular British-American actress Gabrielle Anwar on September 6,  2015. He has played roles in TV films like The Blackout, Cafe and Tobacco, and Cause

Education & Academic Qualifications

Al Malnik completed his basic schooling at Clark Elementary School and his high school education at Soldan High School in 1950 when he was seventeen. 

Malnik has two undergraduate degrees. In 1954, he graduated with a Bachelor of Arts degree from Washington University in his hometown St.Lous. After two years, he decided to continue his education, joined the University of Miami School of Law, and graduated with LLB and Juris Doctor (J.D) in 1959

Following his graduation, he joined The Florida Bar, the third largest bar association in the U.S., which regulates the laws and disciplines of attorneys. 

Al Malnik: Philanthropy & Charity Donations

With his massive net worth, Malnik also does some good deeds with his philanthropist thoughts, like Femi Otedola. He and his family believe in charity donations and philanthropy. 

The Al and Nancy Malnik family has given numerous contributions of millions of dollars every year to Miami Make-A-Wish Ball, an event raising money to make life easier for children with disabilities and illnesses. 

Alvin Malnik and his wife Nancy Elaine Gresham after donating millions dollars to Miami Make-A-Wish
Alvin Malnik and his wife Nancy Elaine Gresham after donating millions of dollars to Miami Make-A-Wish Ball ( Image Source: zimbio.com )

Malnik has also provided funds for AML ( Acute myeloid leukemia ) research fund for better research to eradicate cancer. Along with this, he also founded The University of Miami Sylvester Comprehensive Cancer Center. 

The Al and Nancy Malnik Family got a letter of gratitude from The Dana-Farber Cancer Institute for their support against cancer. 

Business & Real Estate: Why So Rich?

Malnik and his family own several businesses. He began his career by purchasing and selling the rights to Scopitone, making a quick profit of $2 million. Currently, Malnik owns shopping centers, resorts, and restaurants like The Forge, Lady Bug, and Honey for the Bears. 

Some of his real estate projects are Miami's Sky Lake Country Club, Los Angeles Club residences, Cricket Club Condominium buildings, and apartment complexes in California and Florida.

Quick Info of The forge Restaurant

The Forge Restaurant is a flagship and the second oldest restaurant in South Florida, purchased by Al Malnik with his friends in 1968. They remodeled the restaurant to give it a luxurious and sophisticated look. Recently, the restaurant was renovated for $10 million

Photo of luxurious interior of  The Forge Restaurant co-founded by Alvin Malnik
Inside The Forge Restaurant co-founded by Alvin Malnik( Image Source: miamibeachvisitorcenter.com )

International Grand Master Wine Award awarded the Forge Restaurant for the best wines. Moreover, Wine Spectator Magazine listed the restaurant as number 1 on the list of best wines.

Social Media Presence: Active or Not?

Malnik isn't present and active on social media with his busy schedule. He has to manage his businesses and projects. However, his sons and daughters are pretty active on social media and sometimes post their pictures with Malnik. 

Alvin's son Shareef Malnik is active on Instagram. His handle @shareefmalnik has over ten thousand followers.

 

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