Jay Bloom

Jay Bloom
Born
Jay Lawrence Bloom

1967 (age 58–59)
Tachikawa, Air Force Base, Japan
EducationFordham University
OccupationsFinancier
Real estate developer
SpouseCarolyn Farkas
Children1
Websitejaybloom.com Edit this at Wikidata

Jay Bloom (born 1967) is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada.

Early life and education

Bloom was born in Tachikawa, Japan, on a US Air Force base where his father was serving. He was raised Jewish. He has an MBA from Fordham University.[citation needed]

Career

While still in college, he started Magnavest, an investment company that covered call option writing. After graduation, he worked for ten years at Manufacturers Hanover Trust in New York City.[citation needed]

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's license and bought his own helicopter.[citation needed]

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 liens. He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates data centers that use renewable energy.

Controversies

Bloom was managing partner of the Mob Experience, a Mafia-themed attraction that opened in 2011 at the Tropicana casino on the Las Vegas Strip. Jay Bloom's partner, Louis Ventre, filed for Chapter 11 bankruptcy for the Las Vegas Mob Experience, 4 months after its opening, listing limited liquid assets and approximately $7 million in debt

In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated police chase at the Las Vegas Motor Speedway.

In 2021, Jay Bloom announced plans to lead a bid for a National Basketball Association expansion team in Las Vegas, stating he could invest $300 million to $500 million.

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. Bloom declined, following safety concerns. On that dive, the submarine catastrophically imploded, killing Rush and four others.

References

  1. 1 2 Hansen, Susan (September 1999). "Discount Club Throws Bone to Pet Owners". Inc. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  2. ↑ Newberg, Katelyn (June 9, 2024). "'Defendants were raising funds to steal': Purported billionaire, associates face lawsuit". Las Vegas Review-Journal. Retrieved April 8, 2026.
  3. 1 2 3 Gantz, Nesanel (July 12, 2023). "Bloom Family Office". Ami (interview). Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  4. ↑ Defterios, John (October 30, 1997). "Pet health-care biz booms". CNN Money. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  5. ↑ Candee, Adam (March 29, 2017). "Nevada real estate investment firm receives $2.2 billion judgment". Las Vegas Sun. Archived from the original on August 20, 2022. Retrieved December 18, 2023.
  6. ↑ Helin, Kurt (June 4, 2021). "Jay Bloom reportedly lined up ownership group to bring NBA expansion to Las Vegas". NBC Sports. Archived from the original on December 12, 2023. Retrieved December 12, 2023.
  7. ↑ Katsilometes, John (June 4, 2021). "Las Vegas investor leads group aiming to land NBA team". Las Vegas Review-Journal. Archived from the original on December 12, 2023. Retrieved December 12, 2023.
  8. ↑ "Las Vegas celebrates its mob roots with two gang-buster attractions". The Miami Herald. May 3, 2016 [July 14, 2011]. Retrieved December 18, 2023 – via The Denver Post.
  9. ↑ "Las Vegas Mobster Museum Files for Bankruptcy | ABI". www.abi.org. Retrieved April 7, 2026.
  10. ↑ Ferrara, David Ferrara (September 27, 2021). "Las Vegas investor embroiled in litigation as he shoots for NBA expansion". Las Vegas Review-Journal. Retrieved April 7, 2026.
  11. ↑ Darrow, Max (November 19, 2018). "Experience a police chase in Las Vegas, without breaking the law". News 3 Las Vegas. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  12. ↑ Green, Steve (August 5, 2011). "Civil lawsuit filed over Mob Experience finances". Vegas Inc. (Las Vegas Sun). Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  13. ↑ Ax, Joseph (June 23, 2023). "Why U.S. investor Jay Bloom turned down seats on the doomed Titanic submersible". Reuters. Archived from the original on December 10, 2023. Retrieved December 10, 2023.
  14. ↑ Simpson, Michael Lee. "Las Vegas Financier Gave Up 'Titan' Sub Seats That Went to Billionaire and His 19-Year-Old Son". People. Archived from the original on June 24, 2023. Retrieved December 10, 2023.
  15. ↑ Chung, Gabrielle (June 24, 2023). "Businessman Who Almost Went on OceanGate Titanic Dive Reveals Alleged Texts With CEO on Safety Concerns". E! Online. Archived from the original on December 11, 2023. Retrieved December 11, 2023.
  16. ↑ "'Titan' Family Tragedy Averted Due to Son's Warnings About Safety of Sub". Peoplemag. Retrieved March 14, 2024.