Jay Bloom
Jay Bloom | |
|---|---|
| Born | 1967 or 1968 Tachikawa, Japan |
| Occupation(s) | Entrepreneur, investor, real estate developer |
| Years active | 1990s–present |
| Known for | Founder of Pet Assure; chairman of First 100 LLC; co-founder of Pegasus Group Holdings; managing partner of Mob Experience |
| Spouse | Carolyn Farkas |
Jay Bloom (born 1967 or 1968) is a U.S.-based entrepreneur, investor, and real estate developer operating out of Las Vegas, Nevada.
Early life and education
Bloom’s birthplace was a United States Air Force base located in Tachikawa, Japan. Raised in the Jewish faith, he completed his graduate studies by obtaining an MBA from Fordham University.
Career
During his college years, Bloom established Magnavest, an investment firm specializing in writing call option contracts. Following his graduation, he dedicated a decade to Manufacturers Hanover Trust in New York City, where he rose to officer positions within portfolio and real estate risk management divisions.
In 1996, together with his wife, he launched Pet Assure, a company offering veterinary discount services. After selling this venture, Bloom retired at the age of 33 but soon turned his attention to aviation, earning a private helicopter pilot license. He then acquired a flight training school and initiated a helicopter sightseeing operation along the coast; however, this business became financially unsustainable after the events of 9/11. Later, he founded Nactor, a company that sold souvenir photographs at zoos and amusement parks.
Currently based in Las Vegas, Bloom heads multiple firms focused on real estate investment and development. He serves as chairman of First 100 LLC, a company that specializes in acquiring and foreclosing on liens related to home owners associations. His personal home is owned by Spanish Heights Acquisition Company. Additionally, he manages SJC Ventures, which operates in property management. As a co-founder of Pegasus Group Holdings, Bloom is involved in developing and running data centers powered by renewable energy sources. Reports indicate that he has achieved billionaire status.
Bloom was the managing partner of the Mob Experience, a Mafia-themed attraction located at the Tropicana casino that debuted in 2011. He exited the project amid accusations of financial improprieties; the attraction subsequently filed for bankruptcy and closed its doors in 2013. To compensate investors, Bloom devised plans for temporary International Mob Experience Museums utilizing leased exhibits. His other entertainment initiatives include producing performances at the Gladys Knight Theater and proposing a Star Wars-themed retail complex on the Las Vegas Strip. In 2018, he co-founded Police Chase Las Vegas, which offers simulated police pursuit experiences at Las Vegas Motor Speedway.
Since 2020, Bloom has actively pursued efforts to bring an NBA franchise to Las Vegas. Initially showing interest in acquiring the Minnesota Timberwolves, by 2021 he assembled an investor group featuring motivational speaker Tony Robbins and former NBA player Marcus Banks III with the objective of securing an expansion team.
Personal life
Bloom is married to Carolyn Farkas. In both 2022 and 2023, Stockton Rush, CEO of OceanGate, invited Bloom and his son to participate in dives to the Titanic wreck aboard the submersible Titan. Bloom declined these offers due to concerns regarding safety. The submersible later suffered a catastrophic implosion resulting in the deaths of Rush and four others.
He has a son who is twenty-two years old.