Jimmy Goldstein Net Worth

July 2024 · 4 minute read
Net WorthSalaryBirthdateBirthplaceGenderHeightProfessionNationality
$200 millionNot availableJanuary 5, 1940Milwaukee, WisconsinMaleNot availableReal Estate Developer, NBA SuperfanAmerican

Table of Contents

What is Jimmy Goldstein’s Net Worth?

Jimmy Goldstein, an American real estate developer and NBA superfan, has a net worth of $200 million. His net worth primarily comes from his successful career in real estate, particularly mobile home parks in California. It is important to note that his net worth does not include the value of his famous home, the Sheats-Goldstein Residence, which is worth at least $100 million. During his lifetime, the value of his home is included in his overall net worth calculation.

Highlights

Early Life

Jimmy Goldstein was born on January 5, 1940, in Milwaukee, Wisconsin, to Nanette and C. Ellis Goldstein. His father owned a department store called Zahn’s in Racine. Goldstein developed a passion for basketball at a young age and became involved in the sport by working as a game stats keeper for the Milwaukee Hawks at the age of 15. He later pursued higher education, studying mathematics and physics at Stanford University and earning an MBA at UCLA.

Career

After completing his education, Goldstein joined Rammco Investment Corporation, where he worked on finding acquisition targets in Riverside and San Bernardino. Through this job, he discovered the lucrative world of mobile home park ownership and eventually formed his own real estate investment company. He now owns at least a dozen mobile home parks in both Northern and Southern California, which serve as a significant source of income.

Goldstein has been involved in various legal battles with cities and tenants regarding rent increases in his mobile home parks. He has successfully sued several cities that attempted to block his rent increases and has utilized legal strategies to force tenants to either buy their properties or move out, allowing him to raise rents.

Aside from his successful real estate endeavors, Goldstein is famous for his passion for basketball and extravagant outfits. He attends over 100 NBA games each year, including every NBA finals game since the early 1990s. His unique style and presence at NBA games have earned him the title of a prominent NBA superfan.

Personal Life

Jimmy Goldstein’s personal life is relatively private. He has been associated with actress Jayne Mansfield, with rumors of a 6-month affair during his time at UCLA. However, these rumors are unconfirmed. Goldstein is a renowned art collector and has hosted numerous celebrities in his underground nightclub called “Club James” at his Sheats-Goldstein Residence.

Net Worth Over Time

Jimmy Goldstein’s net worth has fluctuated over time due to his real estate investments and the value of his assets, primarily his mobile home parks and the Sheats-Goldstein Residence. His net worth has been estimated to be around $100 million in the past, but he has since claimed it to be closer to $200 million. The exact value of his assets and investments may vary, making his net worth subject to change.

Components of Net Worth

Jimmy Goldstein’s net worth is primarily derived from his real estate investments, particularly his ownership of mobile home parks in California. The income generated from these properties contributes significantly to his overall net worth. The Sheats-Goldstein Residence, valued at at least $100 million, also adds to his net worth. It is important to note that his net worth does not include his salary or any specific information regarding his annual earnings at this time.

All information in this article is based on publicly available sources and estimates. Exact figures may vary, and any updated or verified information should be considered more accurate.

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