Jerome Karam is one of the wealthiest people in the world. He has been successful in the real estate industry for more than 20 years. This is a result of the hard work and determination that he has put in. Although the details of his net worth are not disclosed, he is estimated to be worth approximately $1 million.
Among his many achievements, Karam has transformed abandoned properties into commercially viable ones. In addition to this, he has also built a number of communities in Louisiana and Texas. These areas have been largely affected by natural disasters. But with the help of his team, he has managed to turn these areas into thriving commercial areas.
When it comes to transforming old buildings into something new, there are a few important factors that need to be considered. For instance, the property’s location is very crucial. If the property is in an area where the community is struggling to find jobs, investing in a new business can make things better for everyone. The right person in charge can change the outlook of a place completely.
One of the most successful projects by Karam is the Mall of the Mainland. It is located near interstate 45 in Texas City. The mall hosts a cinema hall, wrestling school, shops, and hundreds of self-storage units.
Before buying the mall, there had been several owners who had closed the mall. However, Karam saw potential in the empty building. Therefore, he decided to take it over. He has also successfully renovated the Falstaff brewery building, which is located in Galveston.
With his expertise in the real estate industry, Karam has managed to convert a number of abandoned retail buildings into successful commercial properties. Moreover, he has been able to bring life back to areas that were devastated by hurricanes.
Aside from his real estate business, Karam also works as an attorney. During his tenure as an attorney, he has specialized in personal injury and business litigation. Moreover, he has helped more than 1,000 clients in these two fields.
Karam has also been an active member of the Catholic Community of Galveston. The Galveston Economic Development Partnership has been a staunch supporter of his efforts. Despite the controversies that he has faced, he has managed to provide a positive impact on the local community. By partnering with private investors, Karam has been able to overcome the financial hurdles that many banks put up.
As a result of his success, Karam has become a famous celebrity in the United States and worldwide. He has received a hefty sum from his television and film career. In addition to that, he has earned a fortune from selling real estate properties.
After many years of being an attorney, Karam finally decided to venture into the real estate sector. He started his own firm around the year 2000, and has since built at least 29 entities. His current holdings are in Louisiana and Texas.