Jahm Najafi, a minority shareholder and vice chairman of the Phoenix Suns, has recently been scrutinized. Once Robert Sarver, owner of the Suns, was suspended for workplace misconduct and subsequent to a thorough investigation, Najafi publicly demanded his resignation. As Najafi has kept a relatively quiet profile over the years, he has not enjoyed much acclaim in NBA circles or among NBA fans. Read on to find more about the businessman and his net worth.
Jahm Najafi Net Worth
According to The Paddock Magazine, Iranian-American entrepreneur Jahm Najafi has a net worth of $3.5 billion in 2021. Najafi Companies, a private investment organization, was founded and is led by him; the company has interests in consumer media, entertainment, and real estate, among other sectors.
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Jahm Najafi Career Upgrowth
Najafi was born in Iran and came to the United States when she was 12 years old. He graduated from the University of Texas in Austin with a degree in electrical engineering and then earned an MBA from Harvard Business School. He learned English by watching the Phoenix Suns. Najafi’s early work experience was in the financial sector. But since then, he’s gone out on his own.
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The Najafi Companies have made several profitable investments, such as in BMG Music Service and, more recently, in the Phoenix Suns, of which he is still a minority owner. Sure deodorant is probably the most well-known item in Nafaji’s collection. Clearly, this is a businessman who has his hands in a wide variety of industries, which generates a substantial annual income for him.
Entrepreneurial Activities of Jahm Najafi
Najafi has already dabbled in sports as the vice-chair of the NBA team Phoenix Suns and a governor on the NBA’s board of governors, so his interest in the North London club wouldn’t be a first for him. With a joint investment with MSP, he also has a piece of the McLaren Formula One team. He rose from obscurity and succeeded on his own, and now he wants to repay his adopted hometown with generous donations.
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As well as founding the “Social Venture Partners Arizona” charity fund, he participates on several boards and civic organizations dedicated to helping the community. To “promote economic empowerment for Black communities through employment and career progression,” he and his wife Cheryl have donated $10 million to the NBA Foundation.
Final Words
It has been estimated that Jahm Najafi is worth $3.5 billion. In Najafi’s offer for Tottenham, MSP and the partners he brings in will put up 70% of the total purchase price and the remaining 30% will come from Middle Eastern sponsors, most of whom are said to be located in Abu Dhabi.
