Who is Jahm Najafi and what is Jahm Najafi net worth?
Jahm Najafi moved from Iran to the United States when he was 12 years old. He learned English by watching TV, got his master’s degree at Harvard, and has spent his $3.5 billion fortune on a bunch of football clubs, an NBA franchise, and an F1 team.
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How much does Jahm Najafi have in his bank account?
Jahm Najafi is an Iranian-American businessman who was born in 1963 and is worth $1 billion. He is behind the takeover of Tottenham, has a small stake in the Phoenix Suns, learned English by watching basketball, and wants to make McLaren a winner in Formula 1.
He has a Bachelor of Arts in economics from the University of California, Berkeley, and a Master of Arts in business economics from Harvard University.
After he graduated from college, he went to work for Salomon Brothers, a Wall Street firm that later became part of Citigroup.
Then, he and his brother, Francis Najafi, took over The Pivotal Group, a company that bought big commercial properties in California.
Jahm Najafi helped start Social Venture Partners, which is a charitable venture capital fund that invests in new nonprofits.
He is also on the board of the Urban Land Institute and the Committee for Design Excellence at Arizona State University.
Jahm Najafi runs Najafi Companies, a private-equity firm in Phoenix. In 2001, the Phoenix Business Journal put him on its list of Forty under 40.
He is a part owner and vice chairman of the professional basketball team the Phoenix Suns. He also serves as a governor on the board of the National Basketball Association.
He has also been on the board of directors for the Phoenix Symphony, the Phoenix Metropolitan Area Convention and Visitors Bureau, and the Phoenix Country Day School.
In December 2020, it was announced that Jahm Najafi would be the next vice-chairman of McLaren Racing, which makes cars for Formula One.
He is also the head of MSP Sports Capital, an investment firm for sports teams based in New York. FC Augsburg and Estoril Praia are two of the teams in the firm’s portfolio.
In February 2023, it came out that Jahm Najafi was getting ready to make a $3.1 billion bid to buy the English Premier League football team Tottenham Hotspur. This made a lot of news.
Unconfirmed sources say that the billionaire is putting together an offer with a group of investors and will talk to Spurs owner Joe Lewis and chairman Daniel Levy in a few weeks.
Jahm Najafi Net Worth: How much does Jahm Najafi have in his bank account?
Reports say that Jahm Najafi has a net worth of about $3.5 billion. He has made that much money from all of his businesses.
The report also said that Najafi’s offer to buy Tottenham will be set up so that MSP and the partners recruited will pay 70% of the price.
The other 30% will come from backers in the Middle East, most of whom are said to be from Abu Dhabi.
What does he have in total?
Najafi owns the Najafi Companies. He has a Master of Business Economics from Harvard University.
His main source of income is an equity firm based in Phoenix. He also works on a number of nonprofit boards, like Mission Advancement, which he started with former NFL player Colin Kaepernick.
In 2021, Najafi’s net worth was said to be £2.9 billion ($3.5 billion).
Jahm Najafi Bios
Born: 1963 (age 60 years)
Education: Harvard University, University of California, Berkeley
Spouse: Cheryl Najafi
Children: 3
McLaren’s livery has a nod to Najafi’s NBA team
Game 5 of the #NBAFinals tomorrow. 🏀 HUGE!
We’re backing the @Suns in their papaya jerseys. 🧡
Let’s do this, team! #RallyTheValley pic.twitter.com/SAz3MdbQsl
— McLaren (@McLarenF1) July 16, 2021
In 2008, Lewis Hamilton won McLaren’s last Drivers Championship. That same year, Spurs won the League Cup, which was their last major trophy.
But since finishing third in 2020, McLaren has dropped to fourth in 2021 and fifth last season, with only one Grand Prix win to show for their time under new ownership.
The team from Surrey is not the only orange team that Najafi is a part of.
He has said that watching the Phoenix Suns helped him learn English, so he now owns a part of the team.
Najafi told PA, “I came to the U.S. from Iran when I was 12 and didn’t know a word of English.”
“I lived in Phoenix in a small one-bedroom apartment on the wrong side of the tracks, so to speak. And I learned English by watching a lot of TV, including the NBA finals.
Jahm Najafi Wikipedia: https://en.wikipedia.org/wiki/Jahm_Najafi
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