Jay Bloom (born 1967/1968) is an American investor, real estate developer, and entrepreneur based in

Las Vegas, Nevada Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...

Early life and education

Bloom was born in

Tachikawa file:Autumn colors in Showa memorial park.jpg, 250px, Showa Memorial Park is a Cities of Japan, city located in the western Tokyo, western portion of the Tokyo Metropolis, Japan. , the city had an estimated population of 184,383 in 93,428 househ ...

, Japan, on a US Air Force base where his father was serving. He was raised

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

. He has an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

from

Fordham University Fordham University is a Private university, private Society of Jesus, Jesuit research university in New York City, United States. Established in 1841, it is named after the Fordham, Bronx, Fordham neighborhood of the Bronx in which its origina ...

Career

While still in college, he started Magnavest, an investment company that covered

call option In finance, a call option, often simply labeled a "call", is a contract between the buyer and the seller of the call Option (finance), option to exchange a Security (finance), security at a set price. The buyer of the call option has the righ ...

writing. After graduation, he worked for ten years at

Manufacturers Hanover Trust Manufacturers Hanover Corporation was an American bank holding company that was formed as parent of Manufacturers Hanover Trust Company (MHT or, informally, Manny Hanny), a large New York City bank formed through a merger in 1961 with ancestor c ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, becoming an officer working in portfolio risk management and later in real estate risk management. In 1996, he and his wife also founded a veterinary discount company, Pet Assure. After selling the company, he retired at 33, but became interested in flying helicopters. He earned a private

helicopter pilot Helicopter flight controls are used to achieve and maintain controlled aerodynamic helicopter flight. Changes to the aircraft flight control system transmit mechanically to the rotor, producing aerodynamic effects on the rotor blades that make t ...

's license and bought his own helicopter, then bought the flight school and founded a company that offered 3-minute flights from piers on the

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

coast. The

9-11 attacks The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into ...

made that business unprofitable; based on an arrangement with

Eastman Kodak The Eastman Kodak Company, referred to simply as Kodak (), is an American public company that produces various products related to its historic basis in film photography. The company is headquartered in Rochester, New York, and is incorporated i ...

to sell souvenir photographs to tourists, he then founded Nactor, which sold souvenir photographs at amusement parks, zoos, and other large attractions. In Las Vegas, Bloom heads a number of real estate investment and development companies. He is chairman of First 100 LLC, which buys and forecloses on home owners association

lien A lien ( or ) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the ''lienee'' and the pers ...

s. His home is owned by Spanish Heights Acquisition Company, and he is a manager of SJC Ventures, a property management company. He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates

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s that use

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

. He is reportedly a billionaire. Bloom was managing partner of the Mob Experience, a

Mafia "Mafia", as an informal or general term, is often used to describe criminal organizations that bear a strong similarity to the Sicilian Mafia, original Mafia in Sicily, to the Italian-American Mafia, or to other Organized crime in Italy, organiz ...

-themed attraction that opened in 2011 at the Tropicana casino on the

Las Vegas Strip The Las Vegas Strip is a stretch of Las Vegas Boulevard in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas city limits ...

. He left the company later that year amid accusations of diverting funds and misrepresenting company finances. There were also lawsuits over ownership of memorabilia on display. The attraction declared bankruptcy, was purchased, and closed in 2013. Bloom subsequently planned to reimburse investors by opening a chain of temporary International Mob Experience Museums with leased exhibits. Other entertainment ventures have included producing performances at the then Gladys Knight Theater at the Tropicana and a planned

Star Wars ''Star Wars'' is an American epic film, epic space opera media franchise created by George Lucas, which began with the Star Wars (film), eponymous 1977 film and Cultural impact of Star Wars, quickly became a worldwide popular culture, pop cu ...

-themed entertainment and retail center on the Strip. In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated

police chase A car chase or vehicle pursuit is the vehicular overland chase of one party by another, involving at least one automobile or other wheeled motor vehicle, commonly hot pursuit of suspects by law enforcement. The rise of the automotive industry i ...

at the

Las Vegas Motor Speedway Las Vegas Motor Speedway (track complex formerly known as Las Vegas Speedway Park from 1993 to 1996, Las Vegas Speedway in 1992, Las Vegas International Speedway from 1990 to 1992, as the Las Vegas International Speedrome from 1972 to 1990) is a ...

, as either a police officer or a fugitive. The company started operations in early 2019. Since 2020, Bloom has been involved in efforts to bring an

NBA The National Basketball Association (NBA) is a professional basketball league in North America composed of 30 teams (29 in the United States and 1 in Canada). The NBA is one of the major professional sports leagues in the United States and Ca ...

team to Las Vegas. Initially interested in purchasing the

Minnesota Timberwolves The Minnesota Timberwolves (often referred to as the Wolves or T-wolves) are an American professional basketball team based in Minneapolis. The Timberwolves compete in the National Basketball Association (NBA) as a member of the Northwest Divisio ...

, in 2021 he formed an investor group including motivational speaker

Tony Robbins Anthony Jay Robbins ( Mahavoric, born February 29, 1960) is an American author, coach and motivational speaker. He is known for his seminars, and self-help books including the books '' Unlimited Power'' and ''Awaken the Giant Within''. Early ...

and former NBA player Marcus Banks III with the objective of securing an expansion team.

Personal life

Bloom is married to Carolyn Farkas. In 2022 and 2023, OceanGate CEO Stockton Rush invited him and his son to visit the wreck of the ''Titanic'' aboard the company's submersible ''

Titan Titan most often refers to: * Titan (moon), the largest moon of Saturn * Titans, a race of deities in Greek mythology Titan or Titans may also refer to: Arts and entertainment Fictional entities Fictional locations * Titan in fiction, fictiona ...

''. Bloom declined, following safety concerns. On that dive, the submarine catastrophically imploded, killing Rush and four others. Bloom has a twenty-two-year-old son.

References

{{DEFAULTSORT:Bloom, Jay Living people 1960s births 20th-century American Jews American businesspeople in real estate American investors American billionaires