Meet the “Ghermezian Family” one of the richest Family in the world
Ghermezian family net worth of $2 billion (2021)
Jacob Ghermezian (1902-2000) was born to a religious Jewish family in Azerbaijan, and grew up in Iran. He started a business selling Persian rugs when he was just 17 years old. Within two decades, Ghermezian became one of wealthiest businessmen. In 1943, he hosted Roosevelt, Churchill, and Stalin in his apartment during the critical “Tehran Conference” where the three world leaders discussed the final stages of World War II and planned their path to victory. Unfortunately, the religious, and political situation in worsened in the 1950s, so the Ghermezian family emigrated to America. After a short stay in New York, they settled in Montreal. Soon after, Ghermezian and his four sons (Eskandar, Nader, Raphael, and Bahman) discovered the inexpensive, pre-oil boom Edmonton real estate market, and heavily invested in it.