Sam Mizrahi is a Toronto real estate developer and philanthropist who made the entrepreneurial leap to success at a young age. Sam was born in Tehran in 1971 to parents, Shamoiland Ziba Mizrahi. The family immigrated to Canada in 1977 when Sam was six years old. He grew up in the York Mills and Bayview neighborhood of Toronto and attended York Mills Collegiate Institute.
His Net Worth
Real estate developer Sam Mizrahi has an estimated net worth of $200 million, thanks to his controlling shares of Mizrahi Developments.
Sam has had a knack for recognizing lucrative deals since the early 90s. He formed a dry cleaning company known as Dove Cleaners with a goal to create a niche dry cleaning business that served high-end customers.
After his work in the dry cleaning industry, Sam moved to real estate, building custom homes in Forest Hill, one of Toronto’s most affluent neighbourhoods, which led to him to luxury condominium development and founding Mizrahi Developments. Sam Mizrahi’s net worth increased when he began constructing The One, a billion-dollar supertower to be located at the intersection of Yonge and Bloor Streets in downtown Toronto.
“I really developed a passion for what I was doing,” he said. “The more I designed customized architecture, the more my passion grew.”
Mizrahi Developments is a leader in identifying mixed-use, commercial and residential opportunities and executing an inspired vision for them to the highest standards. The mid-rise boutique developments at 133 Hazelton and 181 Davenport redefined what it means to build luxury condos in Toronto.
Primed to transform Toronto’s skyline, The One is to be a supertall skyscraper located at the intersection of Yonge and Bloor streets. The building will have 416 luxury residential suites ranging from 650 to 9,000 square feet and will feature over 175,000 square feet of commercial and retail space. When finished, it will be Canada’s second-tallest structure, after the CN Tower.
Sam Mizrahi spoke about The One, saying: “What’s unique about this tower is that it inevitably embodies a certain amount of civic pride and ambition. A building of this scale has a special responsibility to the Toronto skyline and everyone will get to look at something interesting. In my mind, The One will be very much a global building.
The Latest News
Sam Mizrahi recently partnered with Hyatt Corporation to announce the first Andaz hotel in Toronto will be located within The One. Slated to open in 2022, the Andaz will feature a luxury hotel experience at The One.
“It is an honor to announce this prestigious and significant project,” said Sam Mizrahi. “This serves as validation for almost a decade of vision and hard work by the collective team, and it is a true testament to Toronto’s growing importance on the global scene.”
His Philanthropy Efforts
Sam Mizrahi is big on philanthropy, particularly human rights and health care. He’s donated his money and efforts to several charities over the years.
Sam Mizrahi has donated to different organizations, including Hero Ride for Bridgepoint Active Healthcare, an After Breast Cancer organization, Toronto Zoo, and the West Park Healthcare Centre.
Sam Mizrahi is also a leading philanthropist and participant within the Jewish community. On a charitable basis, he helped build the Temmy Latner Forest Hill Jewish Centre, which serves as a community resource in Forest Hill, Toronto, offering educational facilities, such as lecture halls and event venues, daycare and other community-building programs. Additionally, Sam Mizrahi serves as a board member of Friends of Simon Wiesenthal Center (FSCC), a non-profit organization promoting tolerance and human rights around the world.