Masoud Shojaee Net Worth

This post is about Masoud Shojaee Net Worth and also about Masoud Shojaee Biography. Masoud Shojaee is a highly influential figure in the Miami real estate scene.

Masoud is actively engaged in the development of different properties. This includes high-rise apartment condos as well as commercial buildings.

Introduction of Masoud Shojaee

One prominent figure in the industry is Masoud Shojaee. Known for his prolific presence in the Miami real estate scene, Shojaee has spearheaded numerous property developments.

These developments range from high-rise apartment condos to commercial buildings.

Early Life

Masoud Shojaee Age

Masoud Shojaee was born in Tehran, Iran, on August 3, 1959. An American real estate developer and internet personality Masoud Shojaee age is now 63 years old.

Masoud Shojaee Parents

His father was a successful businessman. He owned a construction company that secured government contracts for various projects. But the names of his parents are not known from any information.

Masoud Shojaee Education

Having completed his primary and secondary education in his home country, Shojaee made the decision to study in the United States.

Although he initially considered attending UCLA, he was convinced by his friends to enroll at the University of Miami. There, he focused on electrical engineering.

This academic pursuit motivated Shojaee to further his education, leading to his successful attainment of a master’s degree.

He also undertook additional coursework towards a Ph.D. After completing his studies, Shojaee made the deliberate choice to settle down in Miami.

Masoud Shojaee Career

When Shojaee moved to the US, he brought a significant amount of money to support himself. Additionally, he received additional funds when his father retired.

Recognizing the favorable market conditions during the US savings and loans crisis, Shojaee decided to invest in real estate.

He partnered with A&F Developer for their first project, a 48-home property. The project was a success, with all units being sold. This led to their second project, consisting of 58 lots.

Shoma Group Development

After early triumphs, Shojaee founded his own real estate company, Shoma Development, in 1988.

Initially, the focus was on mid-range properties like single-family homes and townhouses, which proved successful. In 2007, Shoma Development shifted to constructing luxury homes, adapting to changing market trends.

They expanded operations to Palm Beach, Broward, and other parts of South Florida. Shoma ventured into developing office buildings and commercial properties.

Today, as Shoma Group, it is a prominent real estate development company in South Florida. Shojaee leads as CEO and chairman of the board of directors.

Aviation Industry

In addition to his real estate ventures, Shojaee has also explored opportunities in the aviation industry. In 2003, Shozai entered into the business of buying and selling helicopters and planes.

The venture surprisingly thrived, even amidst the difficulties of the 2008 economic crisis. While Shojaee occasionally participates in aircraft transactions, his main focus is on his prosperous real estate empire.

Masoud Shojaee Bio

Personal Life

Masoud Shojaee Wife

Shojaee is currently married to Stephanie Shojaee, previously known as Stephanie Mejia. Stephanie is an executive in the real estate industry and currently serves as the president of Shoma Group. Stephanie is Shojaee’s second wife.

Masoud Shojaee First Wife

Masoud Shojaee first wife being Maria Lamas. They married in 1984 and co-founded the Shoma Group.

After three decades of marriage, Maria filed for divorce, resulting in a contentious legal dispute. The specific reason for their split remains undisclosed.

Masoud Shojaee Daughters

Shojaee has two daughters, Anelise Shojaee (31 years old) and Lilibet Shojaee (28 years old). Both daughters are from his first marriage to Maria Lamas.

Both daughters are actively involved in the operations of Shoma Group alongside their father.