The Maloof family is a prominent American family known for their business success and philanthropy. The family has a long history in the beverage industry, as well as real estate, banking, and sports ownership. The Maloof family has had a significant impact on the business world and the community through their various business ventures and charitable contributions.
The Maloof family’s patriarch, George J. Maloof Sr., founded the family’s beverage business in 1947. The business, originally named the Empire Distributors, grew rapidly, and by the 1970s, it had become one of the largest distributors of Coors beer in the United States. The company was later renamed to the Maloof Companies and expanded into other areas, including real estate development and banking.
In the early 2000s, the Maloof family made a significant move into the sports industry, purchasing a majority stake in the NBA’s Sacramento Kings. The family owned the team for over a decade, during which time they made significant investments in the team, including the construction of a new arena, the Sleep Train Arena. The Maloof family’s ownership of the Kings ended in 2013 when they sold the team to a group of investors led by tech entrepreneur Vivek Ranadive.
In addition to their business ventures, the Maloof family is known for their philanthropy. They have made significant contributions to a variety of causes, including education, health care, and the arts. The family has donated millions of dollars to charities and non-profit organizations, including the American Red Cross, the Make-A-Wish Foundation, and the Children’s Hospital of Los Angeles.
One of the most notable members of the Maloof family is Adrienne Maloof. Adrienne is the daughter of George J. Maloof Sr. and is a successful businesswoman in her own right. She is best known for her appearances on the reality television series “The Real Housewives of Beverly Hills,” and she has also appeared on other television shows, including “Celebrity Apprentice.” Adrienne is an active philanthropist and has worked with a variety of organizations, including the Susan G. Komen Breast Cancer Foundation and the Starlight Children’s Foundation.
Another member of the Maloof family who has gained notoriety is Gavin Maloof. Gavin is the son of George J. Maloof Sr. and has been involved in the family’s various business ventures. He is also known for his love of sports, and he has been involved in the family’s ownership of the Sacramento Kings and the Palms Casino Resort in Las Vegas. Gavin is an active philanthropist and has worked with a variety of charities, including the Boys and Girls Clubs of America and the Make-A-Wish Foundation.
In conclusion, the Maloof family is a prominent American family known for their business success, sports ownership, and philanthropy. From their humble beginnings in the beverage industry to their expansion into real estate, banking, and sports ownership, the family has had a significant impact on the business world and the community. Their commitment to philanthropy has also made a significant difference in the lives of many individuals and organizations, and their legacy will continue to be felt for generations to come.
