All in the Tax Court credited Mr. Lamas with 691 hours working for Shoma and Greens during 2008. Masoud Shojaei was born in Iran on Saturday, June 9, 1984 (Millennials Generation). The real estate mogul arrived in the US on his own; his family left back in Iran. Of the government's four witnesses, the Tax Court found that only one contradicted his position, that being his brother-in-law. Using the IRS as a weapon in a business dispute is, well, not good business. Gemini is excellent at guiding change and transformation. Stephanie has amassed thousands of followers on Instagram for sharing photos of her luxurious lifestyle, fashionable outfits and travels. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The taxpayer win in this case is encouraging and you really have to wonder why the IRS pushed it so far. But, as CEO of Shoma Group, a company with annual revenue approaching $250 million, his earnings are quite significant. Alone and isolated from his family, an 18-year-old Masoud was exiled from his home and unsure of what to do next. and help keep the future of New Times, Use of this website constitutes acceptance of our. The group is a real estate development company which is based Thursday, February 2 2023 After beginning his professional playing career at Sanat Naft during 2002/03 season, he moved to fellow Iranian club, Saipa. on a three-year contract, on 2 August 2018. There is not much information on Masoud Shojaee and Stephanie Mejias wedding. He currently resides in Iran. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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Mr. Shojaee used Shoma to guarantee loans for Masmar, a business that he and his wife owned separately from her family. Privacy Policy 515 Casuarina Concourse and Masoud Shojaee. Stephanie Mejia Shojaee Stephanie Mejia Shojaee is a successful businesswoman with a net worth of $1 million. Masoud Shojaees goal from the very beginning of Shomas creation was to create value in every development and his approach has paid off. That partner was Masoud Shojaees first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. Make a one-time donation today for as little as $1. His reputation for building quality homes and environments has resulted in people asking to purchase Shoma developed projects whenever they become available. Today, South Florida is a thriving market and Miami has transformed into an exciting city with a banking center, an industrial hub, Cruise Lines, and a multitude of great things to do and experience, says Shojaee. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. Masoud Shojaee likes the finer things in lifebespoke suits, private jets, fancy cars, and international cuisine. He was born in Tehran, Iran and moved to the US for his college before permanently settling in the country. The city is also the headquarters of his real estate company. Stephanie Shojaee is an American entrepreneur and social media personality. Over the next three decades, Masoud and Maria welcomed two daughtersAnelise and Lilibetand built the company into one of the biggest development firms in the state. Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! The Passive Activity Loss Rules (Code Section 469) spawn quite a bit of tax litigation, with taxpayers generally losing. He currently resides in Iran. Stephanie is Shojaee's second wife. During July 2016, he signed with Greek football team, Panionios FC for a year-long deal and is currently playing for AEK Athens who he signed a six-month contract with the club in 2017. However, Masoud probably spent his childhood in Iran, where he also acquired primary and secondary education. He is a Venezuelan professional baseball player. In 2002 the Miami Herald reported similar problems at the nearby Harbour Lakes development, also built by Shoma. PAY ATTENTION: Join TUKO.co.ke Telegram channel! Don't IGNORE If You Need Support: Click Here To Chat With Customer Service On WhatsApp Masoud Shojaee His Current Net Worth is Valued at $61 Billion. The price dropped to $12.9 million in August 2017. As a result, he furthered his studies, obtaining a master's degree and taking additional classes towards a PhD. Besides this, Stephanie is. Furthermore, the company started developing office buildings and other commercial properties. Real estate agent based in Miami, Masoud Shojaee, has wowed women after gifting his wife Steph a private jet In a video that has gone viral, the billionaire opens the door for blindfolded Steph, walks onto a red mat which is written her name, before removing the scarf covering her eyes Masoud Shojaee is a famed Iranian American businessman and served as the CEO of the Shoma Group. (Masoud and Maria) founded Shoma Group together, but they split up in 2015. The lawsuit follows a separate complaint led earlier this year by another trust benetting his . In 2021, Shoma Group sold Doral apartments for $102.5 million. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. Opinions expressed by Forbes Contributors are their own. Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. He was reported to repealing the ban with the Iranian president, Hassan Rouhani in July 2017. Shojaee is the company's chief executive officer and the chairman of its board of directors. While with AEK Athens, he reportedly made an annual salary above 50,000 from the club with weekly salary being around 1K. Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! The Tax Court ended up buying the version of events that supported the position of Mr. Lamas that he needed to throw himself into the affairs of Shoma in order to rescue it from missteps by Shoajee. When Shojaee left for the US, he carried a nest egg to fund his lifestyle. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. Shojaee used Shoma to guarantee loans for Masmar, a business that he and his wife owned separately from her family. In 2021, Shoma Group sold Doral apartments for $102.5 million. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . Where did Masoud Shojaee go to college? Although there is no exact figure for how much this company is worth, it has earned billions of dollars since its inception, the company has completed more than $5 billion in real estate transactions. Though Shoma has been active in the tri-county area, lately it has concentrated on West Miami-Dade, Doral in particular. After the first two successful projects, Shojaee struck out on his own, founding the real estate company Shoma Development in 1988. Masoud has many family members and associates who include Lilibet Shojaee, Nemat Shojaee, Majid Shoyall, Marie Shojaeeand Anelise Shojaee. This case correctly concludes that they are all part of the same development business. He has played alongside Iranian legends and greats like Ali Daei and players such as Alireza Haghighi and Ehsan Hajsafi in the FIFA World Cup tournaments for Iran. And while there is no exact figure for how much the company is worth, it is in the billions of dollars, with more than $5 billion in completed real estate transactions since it was founded. In April 2022, Shoma bought a development site for $220 million. Masoud Shojaei is a member of Richest Celebrities and Soccer Players. His company Shoma is a Miami-based real estate development company. The IRS was trying to deny him a refund of $5,260,964, which was based on a carryback of 2008 personal net operating loss to 2006. M-Pesa Paybill charges in 2023: How much will it cost to pay your bills? Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. In February 2017, Masoud listed his Moroccan-style estate in Coral Gables for $15.9 million. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 percent off its original $15.9 million . Shojaee lives in Coral Gables, in Miami-Dade County, Florida. Tax-Exempt NIL Collectives, Name, Image And Likeness: An Uneven Playing Field, IRS Victory: 3M Transfer Pricing Challenge Update. In fact, the Iranian national soccer team midfielder has more than $30 million in assets. He signed with the Qatari football club, Al Shahania Sports Club and a scored a memorable hattrick against Al Sadd SC on December 14, 2014. The real estate mogul has two daughters, Anelise Shojaee (31 years) and Lilibet Shojaee (28 years). More recently Shoma paid $69 million for the Greens at Doral, a 440-unit apartment complex the developer intends to convert to condos. He was likely meant to succeed his father, but trouble started brewing in the 1970s due to strikes and growing public unrest. Last year the company spent $39 million for the 45-acre Ryder Systems property. Then in 1992, he bid $6 million in a government auction of 700 lots. It was successful and completely sold out, leading to a second 58-lot development project. Today it is one of South Florida's preeminent residential builders. Through seven of his corporations, Shojaee contributed $3500 to state Rep. Ralph Arza's unopposed re-election. About his childhood growing up, not much is known. He is the current chief executive officer of Shoma Group, a real estate company in Miami. He also has a sister and holds Iranian nationality. Read Also: Alexander Shunnarah Net Worth: Biography, Career 2022 (Updated). Built in 2003, it spans 12,492 square feet, and sits on a 1.62-acre lot. Masoud Shojaei is a professional football player who plays as an attacking midfielder but can switch to the winger and forward if needed. He attended the University of Miami. Join the New Times community and help support Maria and Masoud Shojaee paid $1.56 million for the property in 2000, records show. Pin. Shojaee's net worth is estimated at $100 million. Masoud Shojaei (born June 9, 1984) is famous for being soccer player. Shojaei has played for the senior team of Iran in major tournaments such as AFC Asian Cup 2007, 2011 and 2015 editions and in FIFA World Cup tournament in 2006 and 2014. Now, Shoma (Now Shoma Group) is one of the largest real estate development companies in South Florida. Read Also: Franco Escamilla Net Worth: The Mexican Comedian with a $17.22 Million Fortune. You also have to wonder what Mr. Shoajee was thinking when he sent his follow-up letter to the IRS. How much money is Masoud Shojaei worth at the age of 38 and whats his real net worth now? [2023]. Shojaee is part of the owner of the Shoma Group. You are already subscribed to our newsletter! In April 2022, Shoma bought a development site for $220 million. Masoud develops many properties, from high-rise apartment condos to commercial buildings. Masoud builds high quality developments in the diverse and growing South Florida. People are coming from Japan, the Middle East and around the world for the Miami lifestyle. But what do we know about the enigmatic and private real estate mogul with a penchant for luxury and an impressive amount of business savvy? Check BackgroundGet Contact InfoThis Is Me - Edit Reputation & Background View All Yes Shojaees two daughters, Anneliese Shojaee and Lilibet Shojaee, both work with their father in real estate companies. He chose to invest in real estate industry. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. But what else do you know about Shojaee? Masoud Shojaee is one of the most prolific figures in the Miami real estate scene. A post shared by Masoud Shojaee (@mrmasoudshojaee). Parker Tax Publishinghas a good summary of the case. Feds Plan to Seize Russian Oligarch's Luxe Fisher Island Properties, Miami Canal Flooded With Turd Water From Contractor-Involved Pipe Break, Gator Gets in on the Action at Tampa Bay Horse Race, Readers Warn of Traffic, "Bloodsport" Driving After. The rest of the tax blogosphere failed to note the admittedly somewhat tenuous connection to political intrigue and the deforestation of Central America, but that hunt for the story behind the story behind the story is what tends to slow me down a bit. Trouble was brewing for years at Doral-based homebuilder Shoma Development Corp., but an Internal Revenue Service audit and U.S. Tax Court fight brought the family squabble bubbling to the surface. The education details are not available at this time. Masoud is popularly known as the CEO of the Chairman of the Board of Shoma Group. Apart from real estate, Masoud Shojaee worked in the aviation industry. He was born in Iran in 1959. He scored his first club goal for AEK against AEL Football Club on March 1, 2018. Tycoon Woman Says She's Ready to Splash Money on Any Man Willing to Marry Her, J. D. Vance's family: Wife, children, siblings, and parents. The estate, at 515 Casuarina Concourse in Coral Gables has eight bedrooms, eight bathrooms and two half-baths, according to the listing. Maria Lamas Shojaee file for divorce from her husband in April 2015, and the divorce is still ongoing, records show. 0. What happened to Lil Kim's daughter's eye? In 2003, he started buying and selling helicopters and planes and was quite successful despite the 2008 economic crisis. To start with, he partnered with another real development company, A&F Developer, their first project being a 48-home property. By then, Masouds father had retired, making it difficult for him to take over the business back home. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This Website Is Dedicated To Carlo Acutis, SUBMIT A PRAYER REQUEST TODAY Don't IGNORE, What Killed Ade Ameh Warri Hospital Report, Who Is Jabari Johnson ? 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