Multi-talented businessman and real estate developer Jimmy Goldstein’s net worth is a staggering $350 million.
Goldstein has created a thoughtful legacy out of a unique source of recognition.
He used $18 million in borrowing to pay $23 million for a mobile home park in Carson, California, in 2007.
In various interviews, Jimmy has made the unverified claim that he sold the ground beneath what later developed into the lavish Century City mall.
However, Goldstein won’t say how much money he’s worth or how he got it.
According to The Wall Street Journal, Goldstein allegedly made billions through real estate, particularly in Century City in Los Angeles.
Apparently, he made money from mobile home parks by “packing groups of assets into investment vehicles,” as mentioned by a 2020 report.
Using legislation from 1893 that permits landowners to partition their lands into distinct cities in his favor, he has accumulated millions.
Jimmy has been able to use this tactic to compel his renters to either buy their properties from him or leave.
Sunny Soltani, the city attorney of Carson, California, has described his methods as “litigation terrorism.”
He has charged that Goldstein made his wealth off the backs of society’s most helpless members and said that cities had spent millions of dollars fighting him.
Jimmy has filed numerous lawsuits against Californian communities, demanding hundreds of millions of dollars in damages for obstructing his intentions to double or more the rents.
Net Worth of Jimmy Goldstein in Different Currencies
Let’s look into Jimmy Goldstein’s net worth in different currencies, including the cryptocurrency Bitcoin.
Currency
Net Worth
Euro
€ 342,282,500
Pound Sterling
£ 287,474,390
Australian Dollar
A$ 500,901,100
Canadian Dollar
C$ 448,299,250
Indian Rupee
₹ 27,718,250,000
Bitcoin
฿ 14809.90
Jimmy Goldstein | Houses & Cars
Houses
As of April 2024, Jimmy Goldstein’s net worth is a massive $350 million.
Jimmy is well-known for having a lavish home in Hollywood Hills.
The house’s name is “Sheats Goldstein Residence,” which was developed by renowned architect John Lautner.
It was constructed in 1963, and Jimmy paid $185,001 for it in 1972, which is equivalent to $1 million in today’s money.
Goldstein contacted Lautner to assist him in bringing the property back to its former splendor because the former owner did not maintain it.
He gradually purchased adjacent plots to build a four-acre private rainforest in the heart of exclusive Beverly Hills.
Jimmy Goldstein Mansion in Beverly Hills (Source: Architectural Digest)
“The Big Lebowski” and “Charlie’s Angels” are the movies and television shows in which the mansion has featured.
Mick Jagger, Leonardo DiCaprio, and other celebrities attended Rihanna‘s 27th birthday celebration in this very mansion.
If Jimmy were to sell this property, it would easily fetch $100 million.
Cars
Jimmy owns a 1961 Rolls-Royce Silver Cloud, which is priced at more than $35,000.
Even though Goldstein claims he’s not into cars, the white Silver Cloud Drophead Coupe is a rare beauty. He bought the vehicle in 1971.
Jimmy Goldstein With His Car (Source: Idris Erba)
Since then, the car has remained Goldstein’s exclusive vehicle, and he claims that it is the only car he likes to drive.
A few years ago, a Silver Cloud similar to that of Goldstein’s was sold at auction for $220,000.
Multi-millionaire real estate developer Jimmy Goldstein lives a luxurious lifestyle with a net worth of $350 million.
Goldstein is famous for his appearance in the NBA games and is a fixture in the front rows wearing obscenely flashy attire.
He usually makes it to more than 100 games a season, both in his home California and around the nation.
According to reports, Jimmy spends more than $500,000 yearly on sports tickets and travel expenses.
Goldstein claimed that at the age of 10, he started following NBA games. The Milwaukee Hawks employed him at the age of 15 to keep game statistics.
Jimmy Goldstein With His Ex-Girlfriend (Source: Slaylebrity)
He was completely hooked once he accomplished that and watched the games from courtside.
Goldstein is highly passionate about the sport and believes that basketball exhibits greater athleticism than any other sport.
Moreover, Jimmy completed his education at Nicolet High School in Milwaukee, Wisconsin, where he played basketball.
After that, Jimmy went to Stanford University and has since stayed in California.
Despite being regular to the Lakers and Clippers games, he says he has no favorite team. He calls himself a neutral NBA enthusiast.
Furthermore, Jimmy is childless and has never been married, and he has said he doesn’t think marriage is important.
In 2014, he was dating a Russian model Anna Sergeevna, but they called it quits after some time. Since then, he hasn’t revealed any of his relationships.
Vacations
Jimmy has visited many different countries thanks to his wealthy lifestyle.
As his style is influenced by both menswear and womenswear, Goldstein frequently travels to Paris and Milan to shop at the best designer stores and browse the collections.
He has spent years traveling between States to watch basketball games live, with tickets going for as much as $12,000.
That number multiplied by the several games he attends each season makes it clear that he is a devoted fan.
Jimmy Goldstein | Charity
Jimmy has donated to a few charities in his life.
He will donate his Hollywood Hills mansion to the LACMA Museum following his passing.
Similarly, last summer, the Naismith Memorial Basketball Hall of Fame unveiled the “James F. Goldstein SuperFan Gallery,” displaying some of his gaudiest jackets and other memorabilia.
The honor came after he made a donation of an undisclosed amount.
As of April 2024, Jimmy Goldstein’s net worth is a massive $350 million.
His major investments are in the field of real estate.
He reportedly owns a number of mobile home parks around the state of California, which are his main sources of income.
Moreover, his first major investment was the El Dorado Mobile Country Club in Palm Springs, California.
For the 377-site park, Jimmy paid $7.7 million and started requesting hefty rent hikes right away.
Jimmy Goldstein | Career
In 1964, Jimmy received his UCLA diploma and started working for Rammco Investment Corporation.
The investment corporation generated massive revenue by purchasing inexpensive farmland outside Los Angeles and turning it into neighborhoods in the late 1960s.
Finding opportunities in Riverside and San Bernardino was Jimmy’s responsibility.
Goldstein became aware of the surprisingly wealthy world of mobile home park ownership because of this profession.
As a result, he established his own real estate investment business at the beginning of the 1980s and began buying properties.
Jimmy Goldstein With Drake in NBA Game (Source: The Hollywood Reporter)
He apparently still owns at least a dozen mobile home parks, which serve as his main source of income, in both Northern and Southern California.
Goldstein’s management style has generated controversy at some of these mobile home sites.
Jimmy has continually battled to increase the rent at his homes even though mobile home parks are normally rent-controlled.
He has been successful in suing many cities that tried to stop him from raising the rent.
Some Interesting Facts About Jimmy Goldstein
The words “Fashion, Architecture, Basketball” are on Jimmy’s business card.
He wants men to explore fashion and be stylish.
Goldstein has attended more than 95% of the Clippers and Los Angeles home games.
FAQs
Who is the old guy that sits courtside at NBA games?
The old guy is none other than the stylish Jimmy Goldstein.
How did Jimmy Goldstein make his money?
He makes his money by investing in real estate.
Can you tour the Sheats Goldstein Residence?
The house is still private property, but may be in the future, people can visit the property.
Rovik is an editor and content writer; with a bachelors degree in Journalism, he has worked in niches such as sports, entertainment, news, and trending.
