Shraman Mitra
Netflix’s ‘Selling Sunset‘ is an incredible TV show that follows a group of top-rung real estate agents as they navigate their daily lives in Los Angeles, California. It is pretty interesting to witness how each agent balances their personal and professional obligations while maintaining a high social status and dealing with demanding clients. Moreover, the show also throws in a healthy mix of romance and drama that makes for thrilling television.
Amongst those to star in this original is Chelsea Lazkani, who made her debut in season 5 as she joined the Oppenheim Group as a Realtor Associate. She was definitely a new face in the office as well as on our screens, but she was already rather experienced in the luxury market as an ambitious, fierce, and headstrong woman. As the years have passed, she has proven her mettle, despite having faced a lot of drama both in and out of the office.
How Did Chelsea Lazkani Earn Her Money?
Chelsea Adefioye Lazkani is a British-Nigerian native who grew up in Northwest London, England, and earned a degree in Business Economics from the University of Buckingham in 2013. Wishing to study further, she joined the University of Dundee in Scotland that same year and graduated in 2015 with a degree in International Oil & Gas Management. Chelsea subsequently began her professional career as a Solar Analyst and an Assistant to the Director of Operations at NRG Clean Power before joining Applied LNG as a Business Strategist in June 2016.
However, Chelsea soon realized that her true passion was in the field of real estate, driving her to work hard and earn her license. Therefore, in July 2017, she took on her first job as a Real Estate Agent at Rodeo Realty Inc. in Encino, Los Angeles. She worked here for almost three years, until January 2020, before taking a short break. She knew she wanted to continue working so as to not only be financially independent but also internally fulfilled, so in 2021, she chose to join the Oppenheim group. Talking to People Magazine about her agency switch and entry into reality TV, the proud mother of two said, “I saw this as an opportunity to really open doors in an industry that has lacked diversity and where minorities are underrated.”
Chelsea further mentioned that she wanted to give back to the community, all the while also representing black women in the luxury real estate market. According to records, she grew up enamored by the industry thanks to her Architect and Property Developer father, so she actually specializes in helping clients land their dream home by truly understanding their needs. The fact that it is a competitive world not typically dominated or taken seriously by black women only motivates her further, just like her two children do. She wants people like her, as well as her children, to know they can achieve everything they set their sights on if they just work hard and persevere.
Chelsea Lazkani’s Net Worth
Since Chelsea Lazkani has been actively working for almost a decade, it goes without saying that she has managed to accumulate significant wealth for herself. From what we can tell, the average income of a Social Analyst or Executive Assistant in the mid-2010s was around $60,000 to $70,000, whereas a Business Strategist made between $70,000 and $90,000. Therefore, we believe she earned in the same range, towards the higher end, before kickstarting her career in real estate, where her income has always been entirely dependent on commissions alone.
In the Los Angeles luxury market, the average commission is 3%, which is split equally between the selling and buying agents, who then share it with their brokerage at a ratio of 85-15. So, assuming Chelsea has tripled the streak of her initial year as a realtor, where she successfully closed more than $10 million in sales, she currently makes $67,500 per year in commissions alone. This comes from taking 3% of 30 million ($900,000) before splitting it in half ($450,000) and then again in the aforementioned ratio ($67,500).
Then there’s the fact that Chelsea has evolved into a public figure thanks to ‘Selling Sunset,’ which has enabled her to rise as a public figure and embrace her passion for food as an influencer. She actually often makes food-based content on her social media platforms, furthering her ability to reach an audience that may not even know her from the world of real estate or reality television. It is believed that influencers usually earn $0.01 to $0.02 per like/view and charge between $500 and $2,000 for sponsored posts, so Chelsea likely also makes the same, considering her combined millions of followers. Thus, taking into account all these aspects, her 7+ years of experience, her assets in terms of her Manhattan Beach home, her investments, returns, and expenses as a recently divorced mother of two, we believe her net worth to be in the range of $6 million as of writing.
Read More: Alanna Gold Net Worth: How Rich is the Selling Sunset Star?
