Jay Bloom

Bloom was born in Tachikawa, Japan, on a US Air Force base where his father was serving. He was raised Jewish.^[2] He has an MBA from Fordham University.^[2]

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, becoming an officer working in portfolio risk management and later in real estate risk management.^[2]

In 1996, he and his wife also founded a veterinary discount company, Pet Assure.^[1][2][3] 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, then bought the flight school and founded a company that offered 3-minute flights from piers on the New Jersey coast.^[2] The 9-11 attacks made that business unprofitable; based on an arrangement with Eastman Kodak to sell souvenir photographs to tourists, he then founded Nactor, which sold souvenir photographs at amusement parks, zoos, and other large attractions.^[2]

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.^[4][5] His home is owned by Spanish Heights Acquisition Company, and he is a manager of SJC Ventures, a property management company.^[6] He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates data centers that use renewable energy.^[5][7] He is reportedly a billionaire.^[8]

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.^[9][10] Other entertainment ventures have included producing performances at the then Gladys Knight Theater at the Tropicana and a planned Star Wars-themed entertainment and retail center on the Strip.^[10] In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated police chase at the Las Vegas Motor Speedway, as either a police officer or a fugitive. The company started operations in early 2019.^[11]

Since 2020, Bloom has been involved in efforts to bring an NBA team to Las Vegas. Initially interested in purchasing the Minnesota Timberwolves, in 2021 he formed an investor group including motivational speaker Tony Robbins and former NBA player Marcus Banks III with the objective of securing an expansion team.^{[6][7][8][12]}

LAWSUITS Pegasus Group Holdings Suit (2024): Filed in Clark County, this lawsuit alleges that Bloom raised millions for a cryptocurrency mining operation, but used investor money to purchase land for himself and failed to run a legitimate business. Failed Pegasus Project Investments (2021-2025): Investors Matthew and Jody Rodgers initiated arbitration, later confirmed by courts, claiming the Blooms fraudulently induced them to invest $2.5 million. The Nevada Supreme Court recently ruled on related post-judgment sealing orders. Spanish Heights Bankruptcy & Liens (2021-2023): Spanish Heights Acquisition Company LLC, which owns Bloom's $\sim$$7 million home, filed for Chapter 11 bankruptcy in 2021. A lien was filed in 2020 over unpaid homeowner association fees. Dino Don Robotis (2026) sued Bloom for $90,000 in unpaid bills for robotic and Jurassic Park cast dinosaurs for BLoom's October 31, 2025 Halloween party in Las Vegas.

Bloom is married to Carolyn Farkas.^[13] 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.^{[5][14][15][16]} On that dive, the submarine catastrophically imploded, killing Rush and four others.

Bloom has a twenty-two-year-old son.^[17][18]