Real estate now has many diverse actors, including appraisers, government and home inspection agencies, as well as potential buyers and sellers.
However, the workhorse of a normal real estate transaction is the person who coordinates the process, such as Masoud Shojaee. Masoud Shojaee net worth is now estimated to be between $5 and $6 million.
He is one of the most well-known real estate figures in Miami. Masoud builds a wide range of projects, including high-rise apartment condos and commercial buildings.
Masoud Shojaee Net Worth
Masoud Shojaee’s net worth is estimated to be between $5 and $6 million. Unfortunately, the salary of Masoud Shojaee remains unknown.
However, as CEO of Shoma Group, a corporation with yearly revenue close to $250 million, his earnings are substantial. Shoma Group is co-owned by Masoud Shojaee.
Although there is no specific value for this company, it has generated billions of dollars since its beginning and has executed more than $5 billion in real estate transactions.
Masoud Shojaee exemplifies how hard effort and dedication may pay off. He came to the United States, his family now back in Iran, as a real estate billionaire in his own right.
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.
|Full Name||Masoud Shojaee|
|Date Of Birth (Age)||3 August 1959 (63 years old)|
|Place Of Birth||Tehran, Iran|
|Current residence||Coral Gables, Florida, USA|
|Present Wife||Stephanie Shojaee|
|Son/Daughter||Anelise Shojaee and Lilibet Shojaee [Both children of Masoud Shojaee’s Ex-wife, Maria Lamas].|
|Profession||Real Estate Developer|
|Height||6 feet and 1 inches [185 cm]|
|Net Worth||$5-6 Million [Approx]|
Early Life & Education
Masoud Shojaee was born on August 3, 1959, in Tehran, Iran. Little is known about his early years growing up. Because he did not pique the public’s interest until his success in the United States a few years later.
Masoud, on the other hand, most likely spent his childhood in Iran, where he also received basic and secondary education.
Masoud Shojaee’s father was a successful businessman who operated a construction company in Iran that worked on many government projects.
According to rumors, he may have wished to succeed his father, but strikes and mounting public dissatisfaction caused problems in 1970.
Masoud left Iran for college in the United States when the Iranian Revolution began in 1978.
Initially, he indicated an interest in attending UCLA. However, his buddies persuaded him to attend the University of Miami, where he got a degree in electrical engineering.
Masoud’s father had retired by then, making it impossible for him to take over the family business.
As a result, Masood received a master’s degree and continued to take classes toward a Ph.D., continuing his studies. Masoud Shojaee wanted to settle in Miami after finishing his education.
When Masoud Shojaee moved to the United States, he began carrying a nest egg for his livelihood.
Later when his father retired, he sent more money, but Masoud left a tidy portion that he could invest. Then, he decided to invest in the real estate industry.
The timing was lucky for him, the market was just ripe, the US was going through a savings and loan crisis, making it a great time to acquire property.
To start his business, he partnered with another real estate development company, A&F Developers, their first project was a 48-home property.
This project was successful and completely sold, leading to a second 58 lot development project.
Masoud Shojaee’s Wife & Family
Stephanie Shojaee, originally Stephanie Mejia, is Masoud’s wife. Stephanie was a real estate executive before becoming president of the Shoma Group.
There isn’t much information accessible about Masoud and Stephanie Mejia’s marriage. Stephanie had been working for the company for 11 years when they met.
Stephanie began her career in sales before moving on to become chief marketing officer and, most recently, president. The second wife of Stephanie Masoud.
Maria Lamas, the real estate entrepreneur, was previously married to Masoud. In 1984, the pair married and founded the Shoma Group.
However, after 30 years of marriage, Maria sought for divorce from Masoud, resulting in a contentious legal struggle. However, neither party has stated the reason for the break.
What gift did Masoud Shojaee give to his wife?
On 18 December 2021, Masoud Shojaee gifted his wife Stephanie a private jet.
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.
Appreciating her gift, one of her Instagram fans wrote “I’m dying how are you now”.
Who are Masoud Shojaee’s children?
Masoud Shojaee, the real estate mogul has two daughters, Anelise Shojaee and Lilibet Shojaee.
They are both children of Masoud’s Ex-wife, Maria Lamas.
Both of them work with their father in the Shoma Group.
Shoma Group Development
Masoud Shojaee struck out on his own after the success of his first two projects, establishing the real estate firm Shoma Development in 1988.
Initially, the company concentrated on creating mid-priced residences, primarily single-family homes and townhouses.
This strategy was successful, and the company grew rapidly. Shoma Development altered their strategy in 2007 in response to changing market trends.
As a result, they began to live in luxury homes and townhouses. The company continued to grow and began developing properties in Broward, Palm Beach, and other parts of South Florida.
Following that, the business began developing office buildings and other commercial properties. Shoma (now Shoma Group) is now one of South Florida’s major real estate development corporations.
Masoud Shojaee is the CEO and Chairman of the Board of Directors of the company.
Apart from real estate, Masoud Shojaee worked in the aviation industry.
In 2003, he started buying and selling planes and helicopters and was quite successful despite the economic crisis of 2008.
Occasionally, Masoud still buys and sells airplanes, but his main focus is on his real estate company.
Contributed By Masoud Shojaee
Mr. Masoud Shojaee brings to the broad and growing South Florida real estate market his vision and significant expertise in high-quality development and construction.
“Now, Miami, a thriving South Florida market, has transformed into an exciting city with a banking and industrial center, cruise lines, and many great things to experience,” Masoud explained.
People come from Japan, the Middle East, and all over the world to enjoy the Miami lifestyle.
Masoud Shojaee’s purpose from the start of Shoma was to produce value in every step, and his strategy has paid off.
As a result of its reputation for building environment and quality homes, people want to buy Shoma’s advanced projects whenever they get them.
But, Mr. Masoud does not rest on past successes, Masoud Shojaee continues to develop and research his methods based on his desire to create projects, that inspire excitement and new ways to improve the environment we live in.