20 Facts About Michael Shvo

Michael Shvo was born on December 29,1972 and is a real estate developer based in New York City with offices in Miami, San Francisco, Los Angeles, and Chicago.

Michael Shvo is the Chairman and CEO of SHVO, a real estate development company he founded in 2004.

Michael Shvo completed his military service in Israel and studied finance at Bar-Ilan University but received no degree.

Michael 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.

Michael Shvo created his own group within the firm and managed a staff of 27 people.

Michael Shvo left the firm in 2004 to launch his own international real estate firm, SHVO.

Michael Shvo 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.

Michael Shvo took a break from real estate in 2008, focusing on his interest in the art world.

Michael Shvo paid $23.5 million for the property which was a record price for per buildable square foot in Manhattan.

In 2018, Michael Shvo purchased the office portion of 685 Fifth Avenue, previously the headquarters of Gucci, from General Growth Partners, in partnership with Deutsche Finance Group, for 135 million dollars.

In 2019, Michael Shvo made a number of purchases across asset classes.

Michael Shvo purchased the Raleigh Hotel and the adjacent Richmond and South Seas Hotels from Tommy Hilfiger along with partners Deutsche Finance America.

In 2020, Michael Shvo acquired the Transamerica Pyramid in San Francisco for $650 million, and began work on a $250 million renovation in 2022.

Michael Shvo is one of several developers collectively pumping more than $2.5 billion into a handful of blocks along Collins Avenue, Miami.

Michael Shvo purchased the property in early August 2013 and transformed into a sheep's meadow with 25 sheep sculptures by Francois Xavier Lalanne.

In 2019 Michael Shvo created an exhibition at the Raleigh Hotel, a property he had purchased the same year.

Michael Shvo was listed as one of "New York's City Shapers" by The New York Observer in 2007 and made the magazine's list of 100 Most Powerful People in New York Real Estate in 2008.

Michael Shvo was listed in Art+Auctions 2013 Power 100 List.

In 2016, Michael Shvo was indicted on charges that included felony tax fraud and falsifying business records.

Michael Shvo pleaded guilty to the charges in 2018, and paid $3.5 million in taxes and penalties.