Jahm Najafi is an Iranian-American billionaire businessman and multisport chairman who is the chairman of MSP Sports Capital. He is running Najafi companies, a Phoenix-based private equity firm, and is a co-owner of the Phoenix Suns NBA team. He is also vice-chairman of McLaren’s F1 team. Najafi has three children with his wife Cheryl.
Jahm Najafi started his career in the banking sector. After that, he started his own business. Najafi Companies has invested in various successful businesses, including BMG Music Service and eventually the Phoenix Suns, where he remains a minority shareholder. He would lead a consortium of investors in a $3.75 billion takeover bid on Tottenham Hotspur, which could make the London-based club the latest team to undergo a change of ownership in the Premier League. According to reports from the Financial Times and Reuters, he is working with a group of investors to formulate an offer to be presented to Spurs owner Joe Lewis and chairman Daniel Levy. The offer values the club at around $3 billion before adding around $750 million in debt.
What is the nationality of Jahm Najafi?
Jahm Najafi was born by his parents in 1963 which makes him the current age of 60 as of 2023. He was born in Iran. Later, he acquired American citizenship. Najarfi is Iranian-American by nationality although he belongs to a mixed ethnic origin. Her parents live their lives away from the spotlight. He follows the Muslim religion. His family moved to Phoenix when he was 12 after he met someone there.
Jahm earned a bachelor’s degree in economics from the University of California, Berkeley. He learned English watching the Phoenix Suns and went on to earn an electrical engineering degree from the University of Texas at Austin. In 1986, he earned a master’s degree in business economics from Harvard University. After graduating from college, he began his career in finance, working for investment firms such as Bear Stearns and PaineWebber.
How did Jahm Najafi start his career?
- Jahm Najafi first started working for Salomon Brothers, a Wall Street company that became part of Citigroup before becoming CEO of Pivotal Private Equity and partner and COO of parent company, The Pivotal Group, which he led. with his brother, Francis Najafi.
- After that, he became a founding partner of Social Venture Partners, a philanthropic venture capital fund that invests in emerging nonprofits, as well as the board of directors of the Urban Land Institute and the committee of Excellence in Design from Arizona State University.
- Jahm is also a part owner and vice president of the Phoenix Suns professional basketball team and a governor on the board of directors of the National Basketball Association.
- After majority owner Robert Sarver was suspended from team operations for a year in September 2022, Najafi was considered a candidate to take on the role of interim governor of the Suns team before the position was taken. finally entrusted to Sam Garvin. Additionally, Jahm has also served on the board of trustees of the Phoenix Symphony and the Phoenix Metropolitan Area Convention and Visitors Bureau, and as chairman of the board of trustees of the Phoenix Country Day School.
- Najafi Companies (Najafi Cos.), a private equity firm, was established in 2002. He only invests his own capital and he is the head of the company. The company invests in companies with a transaction value of up to $1 billion and holds investments for five to ten years.
- He was announced as the next vice-chairman of Formula 1 constructor McLaren Racing in December 2020.
Who is Jahm Najafi’s wife?
Jahm Najafi is a married man. He married his wife, Cheryl Najafi. His wife, Cheryl, is an author, speaker, and businesswoman who is the former CEO of Everyday Dishes & DIY (formerly CherylStyle), a lifestyle media company, and author of the New York Times bestseller “You’ re So Invited: Panic less, play more and party!”. Najafi and his wife, Cheryl Najafi, live in Arizona with their three children.
Jahm and Cheryl are the proud parents of three children. They have a son and a daughter who are twins and another daughter.
How rich is Jahm Najafi?
Jahm Najafi is a businessman and entrepreneur. He is the founder and CEO of Najafi Companies, a private investment firm that focuses on a wide range of industries including consumer media, entertainment and real estate. In February 2023, Jahm Najafi made headlines when it was revealed he was preparing to launch a $3.1 billion bid to take over English Premier League soccer club, Tottenham Hotspur. He owns the Najafi Companies – which is a Phoenix-based investment company and his primary source of income.
In 2023, Jahm Najafi has an estimated net worth of with a net worth of $3.5 billion. Najafi appears to have a number of investors behind him but whether or not the takeover attempt is successful for Tottenham remains to be seen. In 2003, Najafi, through Najafi Cos., purchased Network Solutions from Verisign Inc. for $20 million. In 2007, it sold Network Solutions to General Atlantic for $800 million. In 2008, Najafi and Najafi Cos. purchased Direct Group, the parent company of the Book of the Month Club, Columbia House and BMG Music Service, from Bertelsmann AG, a German book publisher. Najafi and his company Najafi Cos. were named the highest bidder in talks to buy Borders Group out of bankruptcy protection in 2011. The company invested around $200 million in Jeff Berg’s talent agency Resolution after Najafi brokered the deal in 2013.
In 2014, Najafi, through Najafi Cos., invested between $75 million and $100 million in Paula Deen and Paula Deen Ventures to fuel her rebranding after she was fired from The Food Network in June 2013. In 2017, he made a bid to become the owner of Time Inc. through his company, Najafi Cos. On December 7, 2021, Jahm Najafi’s Najafi Companies announced that they had reached an agreement to acquire STX Entertainment from ErosSTX for US$173 million. The agreement is subject to a 45-day period during which ErosSTX may solicit other offers; if ErosSTX declines the offer, it must pay a $4.5 million break fee.