After finishing his degree and then receiving his M.S.E.E in Electrical Engineering in 1985, he decided to start a venture in real estate and the concept of Shoma was born. Last year homeowners living in the Courtyards at Nautica in Miramar filed a class-action lawsuit against Shoma and Masoud Shojaee, charging that their homes cannot withstand hurricane-force winds, as required by the South Florida building code. Read Also: Pnuff Crunch Net Worth: The Biography of a Wealthy Businessman. The rest of the tax blogosphere failed to note the admittedly somewhat tenuous connection to political intrigue and the deforestation of Central America, but that hunt for the story behind the story behind the story is what tends to slow me down a bit. On 3 August 1959, Masoud Shojaee was born in Tehran, Iran. Currently Masoud Shojaee net worth is around $5-6 million. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Hialeah Gardens industrial site trades at $1M/acre, as market softens, Pasadena moves to eliminate planned development zoning, CF Industries relocates suburban HQ to Northbrook with slight downsize, LaSalle sells OC office building at 55% loss. His earnings are substantial and his company has many assets, including three private jets. He and Bakhtiar Rahmani became teammates on the Iranian national team. However, as the CEO of Shoma Group, a company with annual revenue of up to $250 million, his earnings are pretty substantial. He was born in Tehran, Iran, but moved to the United States for his college before settling in the country permanently. Pin. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright2023 Nnet Worth / All Rights Reserved. In 2021, Shoma Group sold Doral apartments for $102.5 million. Neither party revealed the reason for splitting up. In the IRS view Mr. Lamas had not been "materially participating" in the entities that flowed through losses that created the net operating loss. His current market value as of December 2018 is 450,000. Before marrying Stephanie, Shojaee was married to Maria Lamas. Today, Shoma (now Shoma Group) is one of the largest real estate development companies in South Florida. Last year the company spent $39 million for the 45-acre Ryder Systems property. As of 2023,Masoud Shojaeis net worth is, Masoud Shojaei is a Gemini and was born in The Year of the Rat. In the early stages of the audit Mr. Shoajee had supported the view that Mr. Lamas had worked at Shoma on a regular and continuous basis - at least 10 hours a week. Opinions expressed by Forbes Contributors are their own. Masoud Shojaei was born in in June 9, 1984. The 37-year-old was overexcited after seeing a white and red private jet infront of her. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. masoud shojaee's net worth. But neither party has given the reason for the split. Miami's independent source of Masoud Soleimani Shojaei is an Iranian professional footballer of plays for Qatari club Al-Gharafa Sports Club. Mr. Masoud Shojaee applies his vision and extensive knowledge of high-quality, development and construction to the diverse and growing South Florida real estate market. The estate, at 515 Casuarina Concourse in Coral Gables has eight bedrooms, eight bathrooms and two half-baths, according to the listing. He shows up as one of the backers of the 2009 coupthat ousted President Maneul Zelaya. The billionaire, who is the CEO of Shoma Group real estate, has been praised by many for being a romantic gentleman. Masoud is listed. Not much is known about his life growing up, as he did not attract much public interest until years later when he became successful in the US. Initially, the company focused on developing mid-range priced properties, mostly single-family homes and townhouses. The company contracted with government contractors, and Shojaee was raised in the country. He has played alongside Iranian legends and greats like Ali Daei and players such as Alireza Haghighi and Ehsan Hajsafi in the FIFA World Cup tournaments for Iran. Masoud Shojaee is also still embroiled in a legal battle with developer Ugo Colombo, in a dispute linked to a $413,108 Ferrari. Taking into account various assets, Masoud's net worth is greater than $499,999; and makes between $250K+ a year. people who read Tax Court decision don't need to watch soap operas. But, his friends convinced him to enroll in the University of Miami, from where, he earned a degree in electrical engineering. People are coming from Japan, the Middle East and around the world for the Miami lifestyle. That partner was Masoud Shojaees first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. The pair incorporated the Shoma Development Corporation together two years after they tied the knot, with Masoud taking the role of president, and Maria, the role of secretary. The real estate mogul has two daughters, Anelise Shojaee (31 years) and Lilibet Shojaee (28 years). Stephanie Shojaee Net Worth: Income, Salary, Earnings, Biography & How much money make? Later when his father retired, he sent more money, but Masoud left a tidy portion that he could invest. You are already subscribed to our newsletter! She came into the spotlight after marriage with Miami-based billionaire Masoud Shojaee. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . So, how much is Masoud Shojaei worth at the age of 38 years old? The Iranian Revolution began in 1978, prompting Masoud to leave his home country for college in the United States. Shojaee used Shoma to guarantee loans for Masmar, a business that he and his wife owned separately from her family. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. Now, the Shoma Group wields a hefty amount of influence on the South Florida real estate market, and Masoud is its fearless leader. Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. The car was allegedly being held hostage because of the fight between CMC Groups Colombo and Shojaee over their canceled joint venture to develop the Collection Residences, a proposed condo project in Coral Gables located across the street from the dealership. Lawsuits haven't distracted Shojaee from his interest in politics. He has been developing many properties, from high-rise apartment condos to commercial buildings. An agreed order was filed later last year. Don't IGNORE If You Need Support: Click Here To Chat With Customer Service On WhatsApp Masoud Shojaee His Current Net Worth is Valued at $61 Billion. Shoma is also converting a portion of the Fontainebleau Golf Club to a 1900-unit condominium complex. Masoud Shojaeis source of wealth comes from being a soccer player. The development is expected to cost $220 million to build. Maria also answers to Maria Lamas De Shojaee, Marie L Shojace, Shojaee Maria Lamas, Maria Lamas and Maria Deshojaee, and perhaps a couple of other names. Shoma Group promoted Masouds second wife to the role of president in March of 2022. And while there is no exact figure for how much the company is worth, it is in the billions of dollars, with more than $5 billion in completed real estate transactions since it was founded. As a result of its reputation for building environment and quality homes, people want to buy Shomas advanced projects whenever they get them. But, the workhorses of the typical real estate transaction are the people that coordinate the processthe real estate agents such Masoud Shojaee. Shojaee's father was pretty successful and owned a construction company in Iran, which the government contracted on various projects. Over the next three decades, Masoud and Maria welcomed two daughtersAnelise and Lilibetand built the company into one of the biggest development firms in the state. He then joined UAE football club, Al Sharjah SC in 2006 and scored his first goal for the team against Emirates Club on October 3. The three companies Continental Trust Mortgage Corp, Adrimar Investments Corp and Shoma Development Corp were all involved one way or the other in real estate and tangentially related to one another not only by common ownership, but also operationally. Tycoon Woman Says She's Ready to Splash Money on Any Man Willing to Marry Her, J. D. Vance's family: Wife, children, siblings, and parents. Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Masoud develops many properties, from high-rise apartment condos to commercial buildings. But, the workhorse of a typical real estate transaction is the person who coordinates the process, a real estate agent like Masoud Shojaee. Read Also: Rick Beato Net Worth: Wife, Family, Income, Earnings. Aside from real estate, Shojaee has dabbled in the aviation industry. Back around the turn of the millennium, Aljoma Lumber, under the leadership of his son Jose Antonio Lamas, was not exactly getting kudos as a model employer. He has a wife and two daughters. They (Shojaee and Maria) founded Shoma Group together but split up in 2015. M-Pesa Paybill charges in 2023: How much will it cost to pay your bills? Joe Kristan noted that allowing Shoma and Greens to be considered a single activity was a very important aspect of the decision. He was born on 3 August 1959 in Tehran, Iran. Continue to the next page to see Masoud Shojaei net worth, estimated salary and earnings. Maria and Masoud Shojaee paid $1.56 million for the property in 2000, records show. Parker Tax Publishinghas a good summary of the case. His parents owned a construction business. A six-year dispute between Ugo Colombo and Masoud Shojaee momentarily came to a close. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Using the IRS as a weapon in a business dispute is, well, not good business. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. Shojaee is part of the owner of the Shoma Group. It was successful and completely sold out, leading to a second 58-lot development project. Masoud Shojaee is a testament to how hard work and perseverance can pay off. Then, American clubs in the MLB came calling, allowing Cabrera to sign his first professional contract at 16. However, Mr. Shojaee doesnt rest on past success, he continues to develop and refine his approach based on his depth of understanding of the markets and his desire to create projects that inspire excitement and new ways to improve the environments we live in. Gemini is all about output, so these twins love to chat and often speak with their hands. In February 2017, Masoud listed his Moroccan-style estate in Coral Gables for $15.9 million. Masoud isnt one to give up easilyin business or in love. So Mr. Lamas had a minority interest in a business venture controlled by his brother-in-law. This case was also unusual in the dollars at stake. The taxpayer win in this case is encouraging and you really have to wonder why the IRS pushed it so far. Mr. Shojaee applies his vision and extensive knowledge of building high-quality developments in the diverse and growing South Florida real estate market. He made his debut as well scoring his first goal for the side in the same against CE Sabadell FC. He is an Iranian international player and currently playing for Persian Gulf Pro League side Tractor Sazi F.C. Biography , Age , Wife , Family , Nationality. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. Biography Of Stephanie Shojaee - Age , Net Worth and Children , She is the wife of Masoud Shojaee , His husband is the president and chairman of the board of Shoma Group. You are already subscribed to our newsletter! Although there is no exact figure for how much this company is worth, it has earned billions of dollars since its inception, the company has completed more than $5 billion in real estate transactions. Shojaee lives in Coral Gables, in Miami-Dade County, Florida. Please check back soon for updates. Occasionally, he still buys and sells aeroplanes, but his main focus is on his real estate empire. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Join the New Times community and help support Read Also: Franco Escamilla Net Worth: The Mexican Comedian with a $17.22 Million Fortune. M-Pesa Paybill charges in 2023: How much will it cost to pay your bills? He became one of the most sought-after baseball candidates in South America while still a teenager. He is also quite vocal about corruption plaguing Iranian football and raised his voice against child sexual abuses. It would be easy to think that Masoud Shojaee achieved his place at the pinnacle of South Florida real estate development on his ownbut he had a partner on his way to the top. The actual intent of the passive activity loss rules was to kill traditional tax shelters. During this time, Shojaee was actually famous for taking a helicopter to and from all of his properties, never using a car. The group is a real estate development company which is based Thursday, February 2 2023 As a result, they moved into luxury homes and townhouses. Masoud Shojaee is part owner of Shoma Group. This case correctly concludes that they are all part of the same development business. On 18 December 2021, Masoud Shojaee gifted his wife Stephanie a private jet. This, the company started developing office buildings and other commercial properties. Once I stayed here in Miami, it felt like home; now my kids have Masters Degrees from UM as well said Shojaee. Instead of making this contribution from his personal funds, Mr. Shojaee caused Shoma to donate $1.5 million on his behalf. But, after 30 years of marriage, Maria filed for divorce from Masoud, leading to a messy legal battle. Masoud Shojaei stands over 6 feet and 1 inch tall and weighs about 73 kg. PAY ATTENTION: Click 'See First' under 'Follow' Tab to see Tuko.co.ke news on your FB Feed, Get the news that matters from one of the leading news sites in Kenya, Tech rivals chase ChatGPT as AI race ramps up, Hurry! About his childhood growing up, not much is known. After completing his studies, he decided to set up roots in Miami. Who is Masoud Shojaees first wife? Full name/real name: Masoud Shojaee Gender: Male Date of birth: August 3, 1959 Age: 62 Zodiac sign: Leo Place of birth: Tehran, Iran Current residence: Coral Gables, Florida, USA Nationality: Iranian-American Ethnicity: Iranian Religion: Muslim Sexuality: Straight Height in feet: 6' 1" Height in centimetres: 185 Hair colour: Black Eye colour: Brown He was born in Iran in 1959. Appreciating her gift, one of her Instagram fans wrote Im dying how are you now. Deestroying Net Worth 2023: Early Life, Career, Personal Life & More Latest Update. The education details are not available at this time. 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