Ghermezian family

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The Ghermezian family
Ethnicity Persian Jews
Current region Canada, United States
Place of origin Iran

The Ghermezian family (Persian: خانواده قرمزیان‎) is a Iranian Canadian family of Iranian Jewish origin who have developed several of the world's largest shopping malls. The family's holdings include the Mall of America in Bloomington, Minnesota and the West Edmonton Mall in Edmonton, Alberta.[1][2] In 2011, the family's Triple Five Group acquired the troubled Xanadu Meadowlands project in New Jersey. Triple Five renamed the project American Dream Meadowlands and has announced a major expansion and revamping of the under-construction mall, now expected to open in the fall of 2013.

Origin and Brothers

The patriarch of the family, Jacob Ghermezian, (1902 – January 3, 2000)[3] moved from Iran to Canada with his four sons in 1964.[4] The four, Eskandar, Nader, Raphael and Bahman grew the family rug business into a real estate and construction empire. [4]

Net Worth

The Hamilton Spectator estimated the family worth at 2 billion USD in 1992.[5] In 2010, the Jerusalem Post estimated the family's worth at 4 billion USD.[6]

References

  1. ↑ Mall Of America Goes To Canadians - Forbes.com
  2. ↑ Mall of America May Double in Size, Add Casino - Business And Money | Business News | Financial News - FOXNews.com
  3. ↑ Calgary, The (2008-06-08). "Biographies: Born 1902-1905". Canada.com. 
  4. ↑ 4.0 4.1 The Ghermezians build the West Edmonton Mall - CBC Archives
  5. ↑ Middleman confident Ghermezian will look at Tiger-Cats
  6. ↑ Canadian Jewish family in talks to buy Clal Insurance
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