Quick Facts

Jahm Najafi is an Iranian-American billionaire businessman and multi-sport chairman who is the head of MSP Sports Capital. He runs Najafi Companies, a Phoenix-based private-equity firm, and is a partial owner of the Phoenix Suns NBA team. Likewise, he is the vice-chairman of McLaren’s F1 team. Najafi has three children with his wife Cheryl. Jahm Najafi started his career in banking. After that, he launched his own business. Najafi Companies has invested in a range of successful enterprises including, BMG Music Service, and finally the Phoenix Suns where he remains a minority ownership.

He is apparently leading a consortium of investors in a $3.75 billion acquisition proposal for Tottenham Hotspur, which could make the London-based club the latest side to undergo a change in ownership in the Premier League. As per the sources from the Financial Times and Reuters, he is reported to be working with a group of investors to create a bid that will be put to Spurs’ owner Joe Lewis and chairman Daniel Levy. The deal values the club at at $3 billion before adding approximately $750 million of debt.

How much is the Net worth of Jahm Najafi?

Jahm Najafi is a businessman and entrepreneur. He is the founder and CEO of Najafi Companies, a private investment group that focuses on a broad range of industries including consumer media, entertainment, and real estate. In February 2023, Jahm Najafi made huge headlines when it was announced that, he is prepared to launch a $3.1 billion bid to take over the English Premier League football club, Tottenham Hotspur. He owns the Najafi Companies – which is a Phoenix-based equity firm and his principal source of income.

As of 2023, Jahm Najafi has an estimated net worth of with a net worth of $3.5 billion. Najafi seems to have a number of investors behind him, but it remains to be seen whether or not the takeover attempt is successful at Tottenham. In the year 2003, Najafi, through Najafi Cos., purchased Network Solutions from Verisign Inc. for $20 million. In the year 2007, it sold Network Solutions to General Atlantic for $800 million.

In 2008, Najafi & 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 designated the highest bidder in discussions to buy out Borders Group from bankruptcy protection in 2011. The business invested around $200 million in Jeff Berg’s talent agency, Resolution after Najafi finalized the agreement in 2013.

In 2014, Najafi, through Najafi Cos., spent between $75 and $100 million in Paula Deen and Paula Deen Ventures to drive her rebranding after she was sacked from The Food Network in June 2013. In 2017, he bid for ownership of Time Inc. through his business, Najafi Cos. On 7 December 2021, Jahm Najafi’s Najafi Companies announced that it had struck an agreement to acquire STX Entertainment from ErosSTX for US$173 million. The proposal is subject to a 45-day period where ErosSTX may solicit other bids; if ErosSTX declines the offer, it must pay a $4.5 million breakup fee.

Early Years and Bio: What is Jahm Najafi’s nationality?

Jahm Najafi was introduced into this world by his parents in the year 1963 which makes him the present age of 60 as of 2023. He took birth in Iran. Afterwards, he got US citizenship. Najarfi is Iranian-American by nationality whereas he belongs to a mixed ethnic heritage. His parents live their lives away from the spotlight. He follows the Islam religion. His family went to Phoenix when he was 12 years old because they knew someone there.

Jahm obtained a bachelor’s degree in economics from the University of California, Berkeley. He learnt English through watching the Phoenix Suns and he went on to receive a degree in electrical engineering from the University of Texas at Austin. In 1986, he obtained a master’s degree in business economics from Harvard University. After graduating from the university, he started his career in finance, working for investment businesses such as Bear Stearns and PaineWebber.

What is the Professional Career of Jahm Najafi?

Jahm Najafi initially started working for Salomon Brothers, a Wall Street business that became part of Citigroup before he served as CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he operated with his brother, Francis Najafi. Later thereafter, he became a founding partner of Social Venture Partners, a philanthropic venture capital fund that invests in emerging nonprofit organizations, as well as on the board of Urban Land Institute and the Arizona State University Council for Design Excellence.

Jahm also serves as partial owner and vice chairman of the Phoenix Suns professional basketball franchise and a governor on the board of the National Basketball Association. After majority owner Robert Sarver was suspended from team operations for one year in September 2022, Najafi was considered a candidate to take on the job of temporary team governor for the Suns until the position was ultimately awarded to Sam Garvin.

In addition, Jahm has also served on the board of directors for the Phoenix Symphony and Phoenix Metropolitan Area Convention & Visitors Bureau, and as chair of the board of trustees of Phoenix Country Day School. Najafi Companies (Najafi Cos.), a private-equity business, was created in 2002. He invests just his own funds and he is the president of the company. The organization makes investments in companies with transaction values up to $1 billion and holds investments from five to ten years. He was confirmed as the next vice-chairman of McLaren Racing, a Formula One constructor in December 2020.

Who is Jahm Najafi’s wife? How many children do they have?

Jahm Najafi is a married guy. He married the knot to his wife, Cheryl Najafi. His spouse, Cheryl is an author, speaker, and businesswoman who is the former CEO of Everyday Dishes & DIY (formerly CherylStyle), a lifestyle media firm, and author of the New York Times best-selling book “You’re So Invited: Worry Less, Play More, and Get Your Party On!”. 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 daughter who are twins, and another daughter.

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