The Shoma Group Net Worth
If you’re a fan of Miami real estate, then you may be familiar with Shoma Group, a company that has been building high-quality developments for the past 30 years. Founded by Masoud Shojaee, Shoma Group has become a powerhouse in the South Florida real estate market. This family-run business has completed over sixty development projects. They’ve made billions of dollars through their real estate investments.
While Masoud Shojaee is the founder and president of the Shoma Group, his wife Stephanie Mejia is also involved in the company. She was previously Chief Marketing Officer and now sits on the board of the Shoma Group. During her time at the company, she has helped it grow into a successful business. As a result, she has been widely praised for her business acumen.
In addition to her leadership roles at the Shoma Group, she has been a huge influence on the South Florida real estate market. Through her involvement in charitable organizations, including World Vision and St. Jude Children’s Research Hospital, she has been able to make a huge impact in communities all over South Florida. Her love for her husband has been lauded by many for being romantic and passionate.
Currently, the Shoma Group is working on several projects in the tri-county area. One of the most recent is Greens at Doral, a 440-unit apartment complex. Another project is the conversion of a portion of the Fontainebleau Golf Club into a 1900-unit condominium complex. The company is also working on eight other similar projects.
Originally, the Shoma Group focused on mid-market homes in South Florida. However, in 2008, the company decided to diversify its offerings and focus on luxury properties. That is how they ended up purchasing the 45-acre Ryder Systems property in Doral. When the property was acquired, the company spent $39 million. With the purchase of this property, the Shoma Group was able to expand its presence in West Miami-Dade County.
During the course of his career, Masoud Shojaee has built a large number of residential units. He has also completed commercial and mixed-use properties. Since 2015, his company has generated a total of $300 million from their Doral projects. Moreover, he has leveraged his early successes to achieve further growth.
Shojaee is also a huge fan of luxury cars. He owns three private jets. In fact, he is a big fan of Rolls-Royce. Aside from his business endeavors, he is a wine enthusiast. His wife Steph Shojaee is also a big fan of wine, and they own two vineyards.
Both Maria and Masoud have two children, Anelise and Lilibet. Previously, they lived in Coral Gables, but they relocated to Miami, FL in 2017. Now, they live in Miami.
Masoud Shojaee has built thousands of residential and commercial units in South Florida and has built a substantial real estate empire. He has an estimated net worth of $100 million. Despite his success, he’s not one to give up easily. Rather, he’s determined to build the company further and continue expanding his empire.