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Early age and education
Jahm Najafi was born Jamshid Jahm Najafi in the year 1963, in Iran. The current age of him could be between 59 and 60 years old. However, there are no exact details of the birthplace of him and family members. She has Iranian and American nationality and is of mixed ethnicity. She follows the Muslim religion. Other than this, there is no information about her early life and childhood.
Regarding his academic training, he holds a master’s degree. Najafi graduated from the University of California, Berkeley with a bachelor’s degree in economics. She graduated from Harvard University with a master’s degree in business economics in 1986.
career and professional life
Jahm is a successful billionaire businessman. Before becoming CEO of Pivotal Private Equity and a partner and COO of The Pivotal Group, the parent company he co-founded with his brother Francis Najafi, Najafi worked for Salomon Brothers, a Wall Street firm that later merged with Citigroup.
Pivotal focused on acquiring several commercial buildings, including The Century Plaza Hotel in Los Angeles, Harbor Bay in Alameda, California, and 650 California Street in San Francisco.
Najafi served on the boards of the Urban Land Institute and Arizona State University’s Committee for Design Excellence, as well as being a founding partner of Social Venture Partners, a charitable venture capital fund that invests in startups without penalties. profit In 2001, he was named to the Phoenix Business Journal’s 40 Under 40 list.
Caption: Jahm Najafi with his business Source: Irish Mirror
In addition, he is a governor of the board of the National Basketball Association, as well as vice president and co-owner of the Phoenix Suns, a professional basketball franchise. He previously chaired the board of trustees of Phoenix Country Day School and served on the boards of trustees of the Phoenix Symphony and the Phoenix Metropolitan Area Convention and Visitors Bureau.
The private equity firm Najafi Companies (Najafi Cos.) was founded in 2002. The company’s owner, Najafi, only uses his own funds for investments. The corporation invests in businesses with a maximum transaction value of $1 million and holds those investments for five to ten years.
Investments
Network Solutions was acquired from Verisign Inc. by Najafi in 2003 for $20 million through Najafi Cos. He paid General Atlantic $800 million for Network Solutions in 2007.
As CEO, Najafi oversaw the company’s 2006 and 2008 purchases of Procter & Gamble’s Pert Plus shampoo and Sure deodorant brands, as well as the 2008 acquisition of Trend Homes Inc.
The Book of the Month Club’s parent company, Columbia House and BMG Music Service, Direct Group, was also acquired by Najafi & Najafi Cos. from German book publisher Bertelsmann AG in 2008. The corporation later bought Direct Grupo’s business operations in France, Belgium, Switzerland and Quebec.
In 2011, Najafi and his business, Najafi Cos, won negotiations to get Borders Group out of bankruptcy protection. When Borders was liquidated, the offer was unsuccessful. In 2013, Najafi and Najafi Cos. they also made an offer to buy The Boston Globe. After Najafi sold the purchase in 2013, the company contributed more than $200 million to Jeff Berg’s talent agency, Resolution.
further…
Following the firing of Paula Deen from The Food Network in June 2013, Najafi, through Najafi Cos., invested between $75 and $100 million in 2014 to support her rebranding.
In 2017, Najafi made a bid for Time Inc. through his business, Najafi Cos. Sports Illustrated, Fortune and People are among the publications owned by Time. Edgar Bronfman Jr., a former executive at Warner Music Group, an Iowa-based company called Meredith Corporation, and a private equity group called Pamplona Capital Management counteroffered.
Personal life
He is a person of heterosexual gender. As for his marital status, he is a married man. He married Cheryl Najafi. He is the father of three children, but details of him are not available. As of now, they are living in Arizona.
Caption: wife of Jahm Najafi Source: The-Business-Journals
Jahm Najafi – Net worth 2023
Najafi is a hardworking and successful businessman. He has earned a great deal of money throughout his career. Jahm has a net worth of $3.5 billion as of 2023. But he has not disclosed his salary and other asset values.
Jahm has stayed out of the media spotlight. Therefore, he is not active on any social media sites like Facebook, Instagram, Twitter, etc.
Jahm Najafi – Body Measurements
Reflecting on her physical appearance, she has a slim body type. However, there are no details about her height, weight, dress size, waist size, hip size, etc. Likewise, she has a pair of black eyes with salt and pepper colored hair.
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Source: vcmp.edu.vn