Michael Shvo is one of the most popular and richest Real Estate Developer who was born on December 29, 1972 in Arsuf, Central District, Israel.
Shvo was raised in Arsuf, Israel, by parents who were both chemistry professors. He completed his military service in Israel and received a B.A. in finance at Bar-Ilan University. In 1996, he emigrated to the United States from Israel with only $3,000 to his name.
Shvo initially managed a fleet of taxis prior to landing a job as a real-estate broker with Douglas Elliman, the largest brokerage in New York. In 2003, at the age of 30, he achieved more than $300 million in sales from more than 400 deals, becoming the firm’s top broker. He created his own group within the firm and managed a staff of 27 people. He left the firm in 2004 to launch his own international real estate firm, SHVO. His firm currently develops high end properties internationally. From 2003 through 2008, he performed $15 billion in real estate transactions worldwide, including Nurai, a private island off the coast of Abu Dhabi. Additional developments in New York included the Bryant Park Tower, The Lumiere on 53rd Street in Manhattan, Gramercy Starck designed by Philippe Starck, Jade by Jade Jagger, Fultonhaus, as well as Amangiri in Utah and Nizuc in Mexico. He was known for creating the marriage of fashion and real estate with his project 20 Pine Armani Casa, where Armani was hired to design the interior of the building.
