Then, he decided to invest in the real estate industry. I am a very hands-on person, and I like to overview and supervise every aspect of the business.. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. Her parents, Steve, and Sally Griffin, raise Masoud Shojaee And Maria Shojaee Wedding Photos. Similarly, she is the female ambassador for Rolls-Royce in the United States. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. PDF Trusts allege they have a stake in Sanctuary at Doral project Shojaee purchased 237 lots on Northwest 6th Street and 132nd Avenue for nearly $9 million, and developed homes on the property. Fresh off the announcement of Stephanies new role as Shoma Group president, the marketing master sat down with us to reveal her secrets to success, style, and how she hopes to inspire other women to follow in her footsteps toward executive leadership positions. I have to study everything .I play offensive and defensive it all depends on the timing and the market.. Although he has completed dozens of successful projects as many as 10 at a time Shojaee has also had his share of struggles and lawsuits. This wife was Stephanie Shojaee (ne Mejia), his companys Chief Marketing Officer. Who is Masoud Shojaees first wife? They are both children of Masouds Ex-wife, Maria Lamas. <> Credited with transforming the latter into a functional community, he was hailed through the 90s and new millennium as the King of Doral. Every major business person I have ever known has some degree of litigation associated with them, and it doesnt mean they havent been successful, Hall said. Q: How have you leveraged this flair for fashion into enduring relationships with fashion houses? In 2019, 4 years after his divorce was finalized, he tied the knot for a second time. Now there are many different players in the world of real estate, including appraisers, government and home inspection agencies, as well as potential buyers and sellers. 3 0 obj 11:40AM, I drove past some new luxury apartments being built in East Hialeah. Their marriage was strong with the passing years. Eleven on Lenox, a luxury townhome development in Miami Beach, The Cheapest, Nicest Apartments for Sale in the West Village, Brooklyn Heights One-Bedroom With Sharp Kitchen Reno, Micro Claw-foot Tub, for $675K. Both Shojaee and Colombo declined to comment on the legal wranglings. Masoud and Maria both had hands-on building the Shoma group as a known real estate development company. Under Stephanies leadership, the firm had seen profits increase by 30% and boosted the companys gender diversity. Masoud Shojaee's wife Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. Izzy is a native of West Hollywood. Not much information is available about the marriage of Masoud and Stephanie Mejia. The group regularly gets together socially for dinner, each taking turns hosting. Rashmi Shrestha Mariana Van Zeller Net Worth 2023: Salary, Earnings, Biography, How much money make? You cant expect other people to respect you if youre easily pressured into changing yourself to conform to what other people want. Unfortunately, there is no exact figure of Masoud Shojaees salary. Shojaees personal style may also translate into adding a scarf, or eschewing the custom of choosing a belt and shoes of the same color, and instead matching the jacket color with the belt, and opting for a different color in shoes. Mr. Shojaee applies his vision and extensive knowledge of building high-quality developments in the diverse and growing South Florida real estate market. t may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. Luis Suarez, an attorney representing the trusts, said his clients are entitled to see those records under Florida Wilshires operating agreement. The hall has the features like high-definition production, playback equipment, and global videoconferencing with simultaneous translation capability. Masoud Shojaee is the companys Chief Executive Officer and Chairman of the Board of Directors. endobj Huh? Miami might have an international reputation for thriving bars and late-night pool parties, but it's also packed full of family-friendly activities for kids of all ages. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright2023 Nnet Worth / All Rights Reserved. Masoud and Maria have been together in every up and down, whether personal or business. Shoma remains busy, working on six projects, planning four more and looking at single-family home construction in the Boca Raton area and Delray Beach. I also assist clients in developing wish lists of features they want in their homes, guide clients through the process of staging and preparing their homes. The price dropped to $12.9 million in August 2017. You also have to wonder what Mr. Shoajee was thinking when he sent his follow-up letter to the IRS. % Mr. Shojaee, while acting as president of Shoma and Greens, had used Shomas assets for personal gain and usurped Shomas business opportunities for another business he controlled. Similarly, the divorce procedure went on to a great extent and ended after four years. A: I have tremendous respect and admiration for Masoud and the thriving powerhouse that he has built. The couple was living their dream life together until 2015 when Maria filed for divorce from Masoud. The couple did not elaborate on the reason behind their divorce. It really helped me a lot, he said. The trust accused Shojaee of secretly siphoning the firms available cash to pay and support his lavish personal lifestyle since 2015. Shoma Group's Masoud Shojaee on early success, creating new concepts Two trusts benetting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer that's tied to a recently completed Doral mixed-use project. And of course, sometimes they dont find the logs credible either. <> Finally, Mr. Shojaee took a business opportunity away from Shoma when he chose to build a real estate project on Shoma land using one of his personally owned companies. The couple met at the company where Stephanie had worked for the past 11 years. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 percent off its original $15.9 million ask last fall. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. Shojaee denied the allegations in a motion to dismiss the complaint. Frank Lloyd Wrights Final Design, Auctioned Last Year for $1.7M, Now Asks $8M. 6 0 obj Shomas general counsel Frank Silva and a company spokesperson did not respond to requests for comment. He was on his own to continue his studies, earning a masters degree in electrical engineering and taking additional classes, aiming for a Ph.D. in the subject. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. They became more bonded as they both were active in making the Shoma company reach the heights of success. Its been a wonderful experience to see my personal style selections resonate so deeply with other women across social media. Before marrying Stephanie, he was married to Maria Llamas. I travel to properties with clients to show off the features of each home and help them compare different properties base on their needs. endobj () , , , , , , , , . I dont think this should really be a lawsuit, but we have no choice. My aim has been to build on that and make Shoma known for our meticulous attention to detail and our focus on creating beautiful, luxurious developments that not only provide great housing but also serve as amazing amenities for the surrounding community. Masouds father owned a successful construction company with more than 400 employees. Mejia may have been ultra-successful in the corporate world, but she had come from humble beginnings as the daughter of Colombian immigrants. 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Then in 2010 a follow-up letter was sent to the IRS that Mr. Lamas had not done much at all for Shoma or Greens. As much as Shojaee relishes such leisure, he said he hopes to keep working for another 20 years. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. I think what makes us a great professional team is that we have very different perspectives and backgrounds but the same aspirations for the company. Today, I continue to make a deliberate effort to mentor our women employees at Shoma and give them opportunities to grow within our company, especially young women who are just starting out in the industry and are looking to launch their careers. I came on board as part of the sales team at Shoma, and I noticed that Shoma wasnt using any digital marketing, instead they were relying entirely on methods that many people would now consider old school, like newspaper ads and direct mail campaigns. , , and/or , and/or. People are coming from Japan, the Middle East and around the world for the Miami lifestyle. While women have long been striving toward a more equitable workplace, modern data shows that women still have a long way to go before reaching fair representation in the corporate world. On 3 August 1959, Masoud Shojaee was born in Tehran, Iran. Masoud Shojaee net worth is around $5-6 million. For me, my love of fashion is merely an extension of my personality and what makes me the woman that I am. Ladies; Check Out Some Unique And Adorable Styles You Can Rock This New Month. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. These efforts gained momentum very quickly and now theyre the primary way we market our projects. 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. Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. Masoud Shojaee is facing another legal entanglement involving his daughters. Rather than remain restricted by the negative stereotypes of style-conscious individuals in office environments, Stephanie has unabashedly embraced her passion for couture and fashion while managing to guide Shoma Group to new levels of success, offering a masterclass to women everywhere on how to stay authentic to themselves in the workplace. Being that I am a frequent shopper within luxury brands, I have been building relationships over time, most of which have turned into dear friendships. For example, between work posts, you can see me using lots of self-deprecating humor about how our dog Pebbles gets more attention from Masoud than I do. Masoud and Steph has been married for over three years now. His company Shoma is a Miami-based real estate development company. This project was successful and completely sold, leading to a second 58 lot development project. After the divorce, Maria remained out of the spotlight while Masoud found love once again in his life. The home was built in 2003 and the property was acquired a few years before that, in October 2000, for $1.56 million, according to public records. Masoud Shojaee Net Worth As a Christmas gift, the photo of which, Stephanie shared on her Instagram account and Masoud received a lot of praise from his fans for being a romantic gentleman. Content created and supplied by: Georgiapens (via Opera Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. Read Also: Druski Net Worth 2022: Biography, Wiki, Girlfriend. "Today, South Florida is a thriving market and Miami has transformed into an exciting city with a banking center, an industrial hub, Cruise Lines, and a multitude of great things to do and . All in the Tax Court credited Mr. Lamas with 691 hours working for Shoma and Greens during 2008. In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. We get a reputation in South Florida for being flashy. Hephner is best known for his roleplay of Jeff Clarke on the NBC TV series 'Chicago Fire' and its franchise 'Chicago Med.' Today it is one of South Florida's preeminent residential builders. Therefore, Masoud Shojaee has an estimated net worth of $100 million. I am generally conservative, but I am a risk taker with a very calculated risk, he said. But what do we know about the enigmatic and private real estate mogul with a penchant for luxury and an impressive amount of business savvy? The attorney is specialized in Family Law, Criminal, and General Practice. Now, the Shoma Group wields a hefty amount of influence on the South Florida real estate market, and Masoud is its fearless leader. Both of them work with their father in Shoma Group. For Shomas single-family developments, Shojaee said the company handles 80 percent of the design, 100 percent of the construction and 90 percent of sales. From the early days of the Shoma group, Shojaee showed a keen insight into developments in the Hialeah and Doral areas. Masoud is from Iran. Required fields are marked *. This case correctly concludes that they are all part of the same development business. And yet it seems developers are trying to lure gullible Big Apple transplants to, of all places, Hialeah which boasts, Become a member to support the independent voice of South Florida It is unusual that we would be unable to see what is otherwise basic information.. Offers may be subject to change without notice. The actual intent of the passive activity loss rules was to kill traditional tax shelters. Opinions expressed by Forbes Contributors are their own. The Groups focus back then was on building single-family homes in South Florida. He was born in Tehran, Iran, but moved to the United States for his college before settling in the country permanently. Its a feeling. Many call Hialeah the Brooklyn of Miami .. pic.twitter.com/fnzp3L4r1l, Gentrification isnt inevitable. Billionaire Surprises Wife of 11 Years with Private Jet as Christmas By then, Masouds father had retired, making it difficult for him to take over the business back home. The private jet is just one of the many gifts Masoud gave to his wife in the past year. Shojaees aptitude for building is in his blood. The 57-year-old founders joie de vivre is as notable as the scale of his firms productivity. Masoud is. / , and/or . When Masoud was given the necessary capital to start the business by his father, he has grown it into a multi-billion dollar empire in just three decades. Source: The Real Deal ------------------------- Get the latest industry news and information from CRE-sources delivered right to your email inbox! He has an enormous sense of urgency with everything he does, and that is why he gets so much done, Patterson said.