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Jimmy Goldstein Net Worth: Real Estate Big Shot

András Crow-Hreidar by András Crow-Hreidar
8 July 2023
in Business
Reading Time: 2 mins read
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Jimmy-Goldstein-Net-Worth-Real-Estate-Big-Shot

Jimmy Goldstein is an American real estate developer and NBA superfan who is known for his eccentric fashion choices and presence at NBA games . Jimmy Goldstein net worth is estimated at $200 million . He has collected his wealth through his successful real estate ventures in California particularly in the mobile home park industry . This article delves into the fascinating life and accomplishments of Jimmy Goldstein .

 

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Real Estate Success and Mobile Home Parks

Goldstein’s real estate journey began with Rammco Investment Corporation in which he played a vital role in acquiring cheap farmland on the outskirts of Los Angeles and transforming it into thriving neighborhoods . During this time he discovered the profitability of mobile home park ownership which became his primary source of income . Goldstein reportedly owns several mobile home parks in both Northern and Southern California to this day .

 

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However Goldstein’s management style and rent increase efforts have stirred controversy . He has fought legal battles with cities and successfully sued to raise rents at his properties . His use of an 1893 law that allows landowners to split properties into separate cities has led to tenants having to purchase their properties from Goldstein or relocate which made him increase rents .

 

One notable legal battle involved the city of Carson, California which lasted from 2005 to 2015 and eventually reached California’s State Supreme Court and resulted in a ruling against Goldstein .

Jimmy-Goldstein-Net-Worth-Real-Estate-Big-Shot2

Passion for Basketball and NBA Fandom

Goldstein’s passion for basketball began at a young age . He worked as a statistician for the Milwaukee Hawks at the age of 15 which set his love for the sport . He played basketball in high school and went on to study mathematics and physics at Stanford University before earning an MBA at UCLA .

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Since the early 1990s Goldstein has become known for attending NBA games and often seen in flamboyant outfits . He has rarely missed an NBA finals game and attends over 100 NBA games each year . His dedication to the sport and unique fashion choices have made him a recognizable figure in the basketball community .

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The Sheats-Goldstein Residence

Goldstein is also renowned for his ownership of the Sheats-Goldstein Residence which is a stunning architectural masterpiece designed by renowned architect John Lautner in 1963 . Located in the Hollywood Hills this iconic property has been featured in numerous films, TV shows and photo shoots . Most notably it served as one of the primary filming locations for the 1998 movie “The Big Lebowski .”

 

The Sheats-Goldstein Residence holds significant value and is estimated to be worth at least $ 100 million although it is not included in Goldstein’s net worth calculations during his lifetime . It has been announced that upon Goldstein’s death the property will be donated to the Los Angeles County Museum .

 

Final Thoughts

Jimmy Goldstein’s success as a real estate developer, his passion for basketball and his ownership of the renowned Sheats-Goldstein Residence have made him a significant figure in both industries . His net worth of $ 200 million reflects his accomplishments in real estate while his extravagant NBA fandom has acquired widespread attention .

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András Crow-Hreidar

András Crow-Hreidar

Editor-in-chief, Content Editor Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.

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