Jimmy Goldstein Net Worth - Pulptastic
What is Jimmy Goldstein’s net worth?
Jimmy Goldstein is a wealthy American real estate developer and NBA enthusiast with a net worth of $350 million.
Goldstein amassed his wealth through his investments in California’s mobile home parks.
He is known for his flamboyant and peculiar outfits that he wears while attending various NBA games.
In addition to his real estate ventures and love for basketball, Goldstein owns the Sheats-Goldstein Residence located in Los Angeles.
This residence has been featured in numerous films, TV shows, and photo shoots, most notably in “The Big Lebowski.”
Early Life and Education
James F. Goldstein was born on January 5, 1940 in Milwaukee, Wisconsin. His father owned a department store in Racine called Zahn’s. He attended Stanford University then got an MBA at UCLA.
Jimmy’s early career
After graduating from UCLA in 1964, Jimmy joined Rammco Investment Corporation, a company that made a fortune in the late 60s by buying cheap farmland on the outskirts of LA and developing it into neighborhoods. Jimmy’s job at Rammco was to find acquisition targets in Riverside and San Bernardino.
Jimmy Goldstein: Mobile Home Park Mogul
Jimmy Goldstein’s real estate investment company owns at least a dozen mobile home parks in California, providing his primary source of income. He has acquired these properties since the 1980s and has been known to fight for rent increases, even suing cities that attempt to block them. He has also used an 1893 law to force tenants to either buy their properties or move out, giving him the freedom to raise rents. Despite controversy over his management style, Goldstein’s success in the mobile home park industry has made him a wealthy man.
Goldstein’s rumored involvement in the Century City mall’s development is unconfirmed, but his business card reads “Fashion, Architecture, Basketball.”
Jimmy Goldstein’s Love for NBA Games
Jimmy Goldstein is known for his frequent appearance at NBA games, where he is often seen sitting in the best seats and wearing gaudy outfits. He attends over 100 games a season across the country, spending over $500,000 annually on sports tickets and travel expenses. Goldstein holds season ticket floor seats for both LA Lakers and LA Clippers games, and can be spotted on the sidelines wearing outrageous outfits.
Jimmy Goldstein’s Opulent Hollywood Hills Mansion
Jimmy Goldstein is famous for owning the “Sheats Goldstein Residence” in the Hollywood Hills, designed by architect John Lautner and built in 1963. He purchased it in 1972 for $185,001, which is equivalent to $1 million today. The property was not well-maintained by previous owners, so Goldstein worked with Lautner to restore it to its original glory. He also acquired nearby lots to create a four-acre private jungle in prime Beverly Hills.
The house has been featured in numerous film and television productions, including The Big Lebowski and Charlie’s Angels. It boasts an “infinity tennis court” on a connected lot that overlooks the Los Angeles skyline. Directly below the tennis court is an underground nightclub called “Club James” that has hosted many celebrities, including Rihanna’s 27th birthday party attended by Mick Jagger and Leonardo DiCaprio.
If the property was ever put on the market, it would likely be worth over $100 million. However, Goldstein has decided to donate the mansion to the LACMA Museum after his death. So, while it may not be available for purchase, visitors will eventually be able to tour the opulent Hollywood Hills mansion.
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