{{Short description|American businessman and financier}} {{Use mdy dates|date=June 2024}}
{{Infobox person | name = Jay Bloom | alt = Jay Bloom wearing a suit attending the Las Vegas Mob experience in 2013 | birth_name = Jay Lawrence Bloom | birth_date = 1967 | birth_place = Tachikawa, Air Force Base, Japan | education = Fordham University | occupation = Financier<br />Real estate developer | spouse = Carolyn Farkas | children = 1 | website = {{official URL}} }} '''Jay Bloom''' (born 1967)<ref name="Inc">{{cite magazine |first=Susan|last=Hansen|url=https://www.inc.com/articles/1999/09/13684.html|title=Discount Club Throws Bone to Pet Owners|magazine=Inc.|date=September 1999|access-date=December 18, 2023|archive-date=December 18, 2023|archive-url=https://web.archive.org/web/20231218123949/https://www.inc.com/articles/1999/09/13684.html|url-status=live}}</ref> is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada.<ref name=":0" />
== 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.<ref name="Ami">{{cite magazine |first=Nesanel|last=Gantz|url=https://www.amimagazine.org/2023/07/12/jay-bloom-bloom-family-office/|title=Bloom Family Office|magazine=Ami|date=July 12, 2023|access-date=December 18, 2023|type=interview|archive-date=December 18, 2023|archive-url=https://web.archive.org/web/20231218123949/https://www.amimagazine.org/2023/07/12/jay-bloom-bloom-family-office/|url-status=live}}</ref>{{Citation needed|date=April 2026}}
== 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.<ref name="Ami" />{{Citation needed|date=April 2026}}
In 1996, he and his wife also founded a veterinary discount company, Pet Assure.<ref name="Inc" /><ref>{{cite web |first=John|last=Defterios|url=https://money.cnn.com/1997/10/30/personalfinance/yomo_petcosts/|title=Pet health-care biz booms|website=CNN Money|date=October 30, 1997|access-date=December 18, 2023|archive-date=December 18, 2023|archive-url=https://web.archive.org/web/20231218123949/https://money.cnn.com/1997/10/30/personalfinance/yomo_petcosts/|url-status=dead}}</ref>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.<ref name="Ami" />{{Citation needed|date=April 2026}}
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.<ref>{{cite news |first=Adam|last=Candee|url=https://lasvegassun.com/news/2017/mar/29/nevada-real-estate-investment-firm-receives-22-bil/|title=Nevada real estate investment firm receives $2.2 billion judgment|newspaper=Las Vegas Sun|date=March 29, 2017|access-date=December 18, 2023|archive-date=August 20, 2022|archive-url=https://web.archive.org/web/20220820202822/https://lasvegassun.com/news/2017/mar/29/nevada-real-estate-investment-firm-receives-22-bil/|url-status=live}}</ref>He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates data centers that use renewable energy.<ref name="NBC">{{Cite news |first=Kurt|last=Helin|date=June 4, 2021|title=Jay Bloom reportedly lined up ownership group to bring NBA expansion to Las Vegas|url=https://www.nbcsports.com/nba/news/jay-bloom-reportedly-lined-up-ownership-group-to-bring-nba-expansion-to-las-vegas|access-date=December 12, 2023|website=NBC Sports|archive-date=December 12, 2023|archive-url=https://web.archive.org/web/20231212102521/https://www.nbcsports.com/nba/news/jay-bloom-reportedly-lined-up-ownership-group-to-bring-nba-expansion-to-las-vegas|url-status=live}}</ref><ref name="leads">{{Cite news |first=John|last=Katsilometes|date=June 4, 2021|title=Las Vegas investor leads group aiming to land NBA team|url=https://www.reviewjournal.com/sports/basketball/las-vegas-investor-leads-group-aiming-to-land-nba-team-2370689/|access-date=December 12, 2023|newspaper=Las Vegas Review-Journal|archive-date=December 12, 2023|archive-url=https://web.archive.org/web/20231212102520/https://www.reviewjournal.com/sports/basketball/las-vegas-investor-leads-group-aiming-to-land-nba-team-2370689/|url-status=live}}</ref>
== 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.<ref>{{cite news |url=https://www.denverpost.com/2011/07/14/las-vegas-celebrates-its-mob-roots-with-two-gang-buster-attractions/|title=Las Vegas celebrates its mob roots with two gang-buster attractions|newspaper=The Miami Herald|via=The Denver Post|date=May 3, 2016|orig-date=July 14, 2011|access-date=December 18, 2023}}</ref> In June 2011, Bloom was ousted amid allegations of financial misconduct. Lawsuit alleging fraud were filed by the new management team and half dozen investors, creditors and mob family members. GC-Global alleged he lied about his debts to secure a $3 million loan, then spent the money on himself. The victims were compensated.<ref>{{Cite web |title=Bad blood between Outfit families, mob museum {{!}} ABC7 San Francisco {{!}} abc7news.com |url=https://abc7news.com/archive/8300655/ |access-date=2026-04-07 |website=ABC7 San Francisco |language=en}}</ref><ref>{{Cite web |last=Divito |first=Nick |date=2012-10-08 |title=Class Whacks Mob Experience Guy in Court |url=https://www.courthousenews.com/class-whacks-mob-experience-guy-in-court |access-date=2026-04-08 |website=Courthouse News Service |language=en-us}}</ref><ref>{{Cite web |last=Divito |first=Nick |date=2011-08-08 |title=Funny Business Alleged at Vegas Mob Exhibit |url=https://www.courthousenews.com/funny-business-alleged-at-vegas-mob-exhibit |access-date=2026-04-08 |website=Courthouse News Service |language=en-us}}</ref><ref>{{Cite web |last=Divito |first=Nick |date=2011-10-06 |title=Another Case Against Ex-Boss of Mob Exhibit |url=https://www.courthousenews.com/another-case-against-ex-boss-of-mob-exhibit |access-date=2026-04-08 |website=Courthouse News Service |language=en-us}}</ref><ref>{{Cite web |last=Divito |first=Nick |date=2011-03-02 |title=Giancana's Daughter{{!}}Sues The Mafia Collection |url=https://www.courthousenews.com/giancanas-daughtersues-the-mafia-collection |access-date=2026-04-08 |website=Courthouse News Service |language=en-us}}</ref>
Mob Experience company had filed for Chapter 11 bankruptcy, 4 months after its opening, listing limited liquid assets and approximately $7 million in debt, alongside liens and fines related to Bloom's property. Court proceedings also raised concerns about incomplete financial records. A receiver was appointed to review the company’s finances, while allegations of mismanagement were disputed and not upheld by the court.<ref>{{Cite web |title=Las Vegas Mobster Museum Files for Bankruptcy {{!}} ABI |url=https://www.abi.org/feed-item/las-vegas-mobster-museum-files-for-bankruptcy |access-date=2026-04-07 |website=www.abi.org}}</ref><ref>{{Cite web |last=Ferrara |first=David Ferrara |date=2021-09-27 |title=Las Vegas investor embroiled in litigation as he shoots for NBA expansion |url=https://www.reviewjournal.com/local/local-las-vegas/las-vegas-investor-embroiled-in-litigation-as-he-shoots-for-nba-expansion-2448631/ |access-date=2026-04-07 |website=Las Vegas Review-Journal |language=en-US}}</ref>
In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated police chase at the Las Vegas Motor Speedway.<ref>{{cite news |first=Max|last=Darrow|url=https://news3lv.com/news/local/experience-a-police-chase-in-las-vegas-without-breaking-the-law|title=Experience a police chase in Las Vegas, without breaking the law|website=News 3 Las Vegas|date=November 19, 2018|access-date=December 18, 2023|archive-date=December 18, 2023|archive-url=https://web.archive.org/web/20231218123950/https://news3lv.com/news/local/experience-a-police-chase-in-las-vegas-without-breaking-the-law|url-status=live}}</ref>
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. The proposed NBA expansion bid never materialized, and no team or ownership group emerged.<ref name="embroiled">{{Cite news |first=David|last=Ferrara|date=September 27, 2021|title=Las Vegas investor embroiled in litigation as he shoots for NBA expansion|url=https://www.reviewjournal.com/local/local-las-vegas/las-vegas-investor-embroiled-in-litigation-as-he-shoots-for-nba-expansion-2448631/|access-date=December 12, 2023|newspaper=Las Vegas Review-Journal|archive-date=December 10, 2023|archive-url=https://web.archive.org/web/20231210072237/https://www.reviewjournal.com/local/local-las-vegas/las-vegas-investor-embroiled-in-litigation-as-he-shoots-for-nba-expansion-2448631/|url-status=live}}</ref><ref name="NBC" /><ref name="leads" />
In 2024, a lawsuit was filed alleging that Bloom and his son raised millions for a cryptocurrency mining operation, but used investor money to purchase land for himself and failed to run a legitimate business. Investors initiated arbitration, later confirmed by courts, claiming the Blooms fraudulently induced them to invest $2.5 million. In 2025, The Nevada Court of Appeal affirmed the $2.5 million award to the victims.<ref name=":0">{{Cite web |last=Newberg |first=Katelyn |date=2024-06-09 |title=‘Defendants were raising funds to steal’: Purported billionaire, associates face lawsuit |url=https://www.reviewjournal.com/crime/courts/defendants-were-raising-funds-to-steal-purported-billionaire-associates-face-lawsuit-3065334/ |access-date=2026-04-08 |website=Las Vegas Review-Journal |language=en-US}}</ref><ref>{{Cite web |title=JAY BLOOM AND SEAN BLOOM v. JODY RODGERS AND THE JODY RODGERS REVOCABLE TRUST (2025) |url=https://caselaw.findlaw.com/court/crt-app-nev/117801503.html |access-date=2026-04-08 |website=FindLaw |language=en-US}}</ref>
==Personal life== Bloom is married to Carolyn Farkas.<ref name="looted">{{cite news |first=Steve|last=Green|url=https://vegasinc.lasvegassun.com/business/2011/aug/05/lawsuits-mob-experience-developer-looted-business-/|title=Civil lawsuit filed over Mob Experience finances|website=Vegas Inc. (Las Vegas Sun)|date=August 5, 2011|access-date=December 18, 2023|archive-date=December 18, 2023|archive-url=https://web.archive.org/web/20231218123949/https://vegasinc.lasvegassun.com/business/2011/aug/05/lawsuits-mob-experience-developer-looted-business-/|url-status=live}}</ref> 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.<ref>{{Cite news |last=Ax|first=Joseph|date=June 23, 2023|title=Why U.S. investor Jay Bloom turned down seats on the doomed Titanic submersible|work=Reuters|url=https://www.reuters.com/world/us/why-us-investor-jay-bloom-turned-down-seats-doomed-titanic-submersible-2023-06-23/|access-date=December 10, 2023|archive-date=December 10, 2023|archive-url=https://web.archive.org/web/20231210072237/https://www.reuters.com/world/us/why-us-investor-jay-bloom-turned-down-seats-doomed-titanic-submersible-2023-06-23/|url-status=live}}</ref><ref>{{Cite news |first=Michael Lee|last=Simpson|title=Las Vegas Financier Gave Up 'Titan' Sub Seats That Went to Billionaire and His 19-Year-Old Son|url=https://people.com/las-vegas-financier-jay-bloom-gave-up-titan-sub-seats-after-expressing-safety-concerns-7552550|access-date=December 10, 2023|magazine=People|archive-date=June 24, 2023|archive-url=https://web.archive.org/web/20230624000412/https://people.com/las-vegas-financier-jay-bloom-gave-up-titan-sub-seats-after-expressing-safety-concerns-7552550|url-status=live}}</ref><ref>{{Cite news |first=Gabrielle|last=Chung|date=June 24, 2023|title=Businessman Who Almost Went on OceanGate Titanic Dive Reveals Alleged Texts With CEO on Safety Concerns|url=https://www.eonline.com/news/1378148/businessman-who-almost-went-on-oceangate-titanic-dive-reveals-alleged-texts-with-ceo-on-safety-concerns|access-date=December 11, 2023|website=E! Online|archive-date=December 11, 2023|archive-url=https://web.archive.org/web/20231211200714/https://www.eonline.com/news/1378148/businessman-who-almost-went-on-oceangate-titanic-dive-reveals-alleged-texts-with-ceo-on-safety-concerns|url-status=live}}</ref> On that dive, the submarine catastrophically imploded, killing Rush and four others. Bloom has a son.<ref>{{Cite web |title='Titan' Family Tragedy Averted Due to Son's Warnings About Safety of Sub|url=https://people.com/sons-warning-titan-sub-safety-saved-him-father-7552962|access-date=March 14, 2024|website=Peoplemag|language=en}}</ref>
== References == <references responsive="1"></references>
== External links == * {{official}}
{{DEFAULTSORT:Bloom, Jay}} Category:Living people Category:1967 births Category:20th-century American Jews Category:American businesspeople in the real estate industry Category:American investors