Table of Biography
Early Life and Education
Jahm Najafi was born Jamshid Jahm Najafi in the year 1963, in Iran. His current age might be between 59 and 60. However, there are no exact details of his birthplace and family members. He holds both Iranian and American nationality and is of mixed ethnicity. He follows the Muslim religion. Other than this there is no information about his early life and childhood.
Regarding his academic qualification, he is a master’s degree holder. Najafi graduated from the University of California, Berkeley with a bachelor’s in economics. He graduated from Harvard University with a master’s in business economics in 1986.
Career and Professional Life
Jahm is a successful billionaire businessman. Before becoming the 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 joined Citigroup.
Pivotal concentrated on acquiring a number of 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 the Committee for Design Excellence at Arizona State University in addition to being a founding partner of Social Venture Partners, a charitable venture capital fund that invests in new nonprofit organizations. In 2001, he was included on the Phoenix Business Journal’s list of 40 under 40.
Caption: Jahm Najafi with his business ventures
Source: Irish Mirror
Moreover, he is a governor on the board of the National Basketball Association as well as a vice chairman and part owner of the Phoenix Suns, a professional basketball franchise. He has previously chaired the board of trustees at Phoenix Country Day School and served on the boards of the Phoenix Symphony and Phoenix Metropolitan Area Convention & Visitors Bureau.
Private equity company Najafi Companies (Najafi Cos.) was founded in 2002. The business’s owner, Najafi, only uses his own funds for investment. The corporation invests in businesses with a maximum of $1 billion in transaction value, and it keeps those investments for five to ten years.
Investments
Network Solutions was acquired from Verisign Inc. by Najafi in 2003 for $20 million via Najafi Cos. It 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 its 2008 acquisition of Trend Homes Inc.
The parent business of the Book of the Month Club, Columbia House, and BMG Music Service, Direct Group, was acquired by Najafi & Najafi Cos. from German book publisher Bertelsmann AG in 2008 as well. Later on, the business operations of Direct Group in France, Belgium, Switzerland, and Quebec were purchased by the corporation.
In 2011, negotiations to remove Borders Group from bankruptcy protection were won by Najafi and his business, Najafi Cos. When Borders was liquidated, the bid was unsuccessful. In 2013, Najafi and Najafi Cos. also made a bid to purchase The Boston Globe. After Najafi sealed the purchase in 2013, the business contributed over $200 million to Jeff Berg’s talent agency, Resolution.
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Following Paula Deen’s dismissal from The Food Network in June 2013, Najafi, through Najafi Cos., invested $75 to $100 million in 2014 to support her rebranding.
In 2017, Najafi made an offer 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, a company based in Iowa called Meredith Corporation, and a private equity group called Pamplona Capital Management all made counteroffers.
Personal Life
Jahm Najafi is a straight-gender person. As for his marital status, he is a married man. He tied the knot with Cheryl Najafi. He is the father of three kids but their details are not available. As of now, they are living in Arizona.
Caption: Jahm Najafi’s wife
Source: The-Business-Journals
Jahm Najafi – Net Worth 2024
Jahm Najafi is a hard-working and successful businessman. He has earned a hefty amount of money throughout his career. Jahm has a net worth of $3.5 billion as of 2023. But he hasn’t disclosed his salary and other asset values.
Social Media
Jahm Najafi has kept himself away from the limelight of the media. Hence, he isn’t active on any social media sites like Facebook, Instagram, Twitter, and so on.
Jahm Najafi – Body Measurements
Reflecting on his physical appearance, Jahm Najafi has a slim body type. However, there are no details about his height, weight, dress size, waist size, hip size, and so on. Likewise, he has a pair of black eyes with salt and pepper-colored hair.