Andre Hakkak, an influential Iranian-American entrepreneur and investor, has made a significant mark on the financial world through his leadership at White Oak Global Advisors. Known for leading a firm with over $10 billion in assets and driving the deployment of $24 billion in capital to small and medium-sized businesses, Hakkak’s business acumen has established him as a financial powerhouse.
Andre Hakkak Net Worth
As of 2024, Andre Hakkak net worth is estimated between $200 million and $10 billion, making him one of the most successful figures in the investment landscape.
Who is Andre Hakkak?
Andre Hakkak is the co-founder and CEO of White Oak Global Advisors, a leading investment firm that focuses on providing tailored financing solutions to small and medium-sized enterprises (SMEs). With a career rooted in finance and investment banking, Hakkak has demonstrated a unique ability to navigate complex markets, identifying lucrative opportunities and managing risks efficiently.
Beyond his role at White Oak, Hakkak has been involved in multiple ventures, including Suisse Global Investments and Alpine Global, solidifying his place as a thought leader and influential investor in the global finance community.
Andre Hakkak Biography
| Name | Andre Amin Hakkak |
| Date of Birth | January 5, 1973 |
| Nationality | Iranian-American |
| Education | University of California, University of Chicago |
| Profession | Entrepreneur, Investor, Business Consultant |
| Net Worth (2024) | Estimated between $200 million – $10 billion |
| Spouse | Marissa Shipman |
| Children | Ariana Hakkak, Darius Hakkak |
Andre Hakkak’s Early Life and Education
Born in Tehran, Iran, on January 5, 1973, Andre Hakkak’s early years were marked by his family’s decision to relocate to the United States in pursuit of better opportunities. Andre Hakkak’s parents are Reza Hakkak (father) and Parvin Hakkak (mother). Hakkak’s academic journey began at the Haas School of Business at the University of California, where he earned a degree in Finance and Marketing. His thirst for knowledge led him to pursue a Master’s degree in Finance from the University of Chicago, providing him with the educational foundation to embark on his path in investment banking.
The Rise of White Oak Global Advisors
In 2007, Andre Hakkak co-founded White Oak Global Advisors alongside Barbara J.S. McKee, with a mission to offer capital solutions to underserved small and mid-sized businesses. Under his leadership, the firm has expanded significantly, with over $10 billion in assets under management (AUM) by 2024.
The company has provided $24 billion in capital to over 20,000 SMEs, cementing its position as a trusted lender in the financial services industry.
White Oak’s lending products include:
- Corporate Lending
- Equipment Leasing
- Structured Finance
- Commercial Finance
Hakkak’s ability to scale White Oak and diversify its portfolio has been a significant contributor to his growing net worth, positioning him as a key player in the financial sector.
What is Andre Hakkak’s Net Worth in 2024?
Estimating Andre Hakkak’s net worth can be challenging, given the dynamic nature of his investments and the valuation of private companies like White Oak Global Advisors. As of 2024, his net worth is estimated between $200 million and $10 billion. The wide range reflects varying estimates based on market trends, investment performance, and the company’s private status.
| Metric | Value |
| Estimated Net Worth | $100 million to $10 billion |
| Annual Income | $24 million |
| Monthly Salary | $2 million |
| Capital Provided by White Oak | Over $24 billion |
| Assets Under Management at White Oak | Over $10 billion |
Factors Influencing Hakkak’s Net Worth
- White Oak’s Performance: The success of White Oak Global Advisors, with significant assets under management, is a core component of Hakkak’s wealth.
- Personal Investments: Beyond White Oak, Hakkak has made investments in real estate and startups, further diversifying his portfolio.
- Market Trends: Economic conditions and market trends impact the valuation of White Oak and other holdings, influencing his net worth.
Andre Hakkak’s Investment Strategies and Business Ventures
Andre Hakkak’s wealth is not only tied to White Oak. He has co-founded and managed multiple investment firms, each contributing to his overall financial portfolio:
- Suisse Global Investments (1995-2000): A global investment management firm, Hakkak served as portfolio manager, overseeing strategies that catered to international clients. Although little is publicly known about his earnings from this venture, it is believed to have significantly contributed to his early fortune.
- Alpine Global Inc. (2000-2007): Founded by Hakkak, Alpine Global focused on real estate and fixed-income investments. His role as Chief Investment Officer at Alpine Global demonstrates his continued focus on growth sectors, adding to his wealth.
- White Oak Global Advisors (2007-Present): As co-founder and CEO, White Oak is the primary source of Hakkak’s wealth, with the company managing over $10 billion in assets.
Andre Hakkak’s Real Estate Investments
Andre Hakkak has made several high-profile real estate investments, adding to his already impressive portfolio. In 2020, Hakkak purchased a luxury mansion in Coral Gables, Florida, for $13.6 million. The mansion, spread across 17,215 square feet, features six bedrooms, nine bathrooms, a garage, and an outdoor kitchen. In 2023, Hakkak sold this mansion for $28 million, netting a substantial profit from his real estate ventures.
Philanthropic Endeavors and Social Impact
Beyond financial success, Andre Hakkak is deeply committed to philanthropy. Through the Hakkak Family Foundation, he has made significant contributions to education and healthcare initiatives.
- Education: Hakkak supports scholarships and educational programs aimed at empowering underprivileged students.
- Healthcare: His donations have helped fund medical research and the construction of healthcare facilities in underserved communities.
- Environmental Initiatives: He is actively involved in promoting sustainability and fighting climate change through investments in renewable energy.
Andre Hakkak’s Family and Personal Life
Andre Hakkak is married to Marissa Shipman, an entrepreneur and founder of Balm Cosmetics. The couple met in 2012 and married in 2015. They have two children, Ariana and Darius Hakkak. The family resides in Miami, Florida.
Andre Hakkak House
Andre Hakkak and his wife Marissa Shipman recently sold their Coral Gables mansion for $27.5 million. The property, located at 8950 Arvida Drive in the exclusive Gables Estates neighborhood, has 12,300 square feet of luxury living space including six bedrooms, nine bathrooms, two half-bathrooms, a six-car garage, and a pool. The mansion, built on a nearly 2-acre lot and completed in 2016, was sold in an off-market deal to the Rose Star Trust.
Conclusion
As of 2024, Andre Hakkak’s net worth stands as a testament to his expertise in finance and investment. From his early days in investment banking to co-founding White Oak Global Advisors, Hakkak has made a significant impact on the financial world. His wealth continues to grow through his strategic investments and leadership, making him one of the most successful entrepreneurs and investors in the industry.
Frequently Asked Questions (FAQs)
Is Andre Hakkak a billionaire?
Andre Hakkak’s net worth is estimated between $200 million and $10 billion. His status as a billionaire depends on the fluctuating market value of his investments, particularly through White Oak Global Advisors.
What is the primary source of Andre Hakkak’s wealth?
His primary source of wealth is his role as CEO and co-founder of White Oak Global Advisors, along with various other investments in real estate and startups.
What are Andre Hakkak’s philanthropic activities?
Through the Hakkak Family Foundation, Andre supports initiatives in education, healthcare, and environmental sustainability.
Does Andre Hakkak own any luxury properties?
Yes, Andre Hakkak has made high-profile real estate investments. In 2020, he purchased a mansion in Coral Gables, Florida, for $13.6 million, later selling it in 2023 for $28 million, reflecting his strategic approach to real estate investments.
What is White Oak Global Advisors’ role in Andre Hakkak’s net worth?
As the co-founder and CEO, White Oak Global Advisors is a major contributor to Hakkak’s net worth. The firm manages over $10 billion in assets and has financed more than 20,000 SMEs, solidifying Hakkak’s wealth through consistent growth and strategic investments.
