CEO, MX3 VENTURES
WHY: Co-founded Santa Ana-based computer storage device maker STEC Inc. until its 2013 sale to Western Digital Corp. for $340M; now heads real estate investment firm Mx3, which has plans to redevelop a large stretch of property it owns along Mariner’s Mile in Newport Beach.
RECENT: Along with affiliated company run by brother Mark, submitted plans in late 2019 for nearly 290,000 square feet of commercial, residential uses along Mariner’s Mile.
NOTABLE: Moshayedi family is also steering a pair of projects in San Francisco’s Mission District, not unlike plans for Mariner’s Mile. Has home in same area, looking to sell for record price of $25M. Competitive sailor, has won 2225-mile LA-Honolulu Transpacific Yacht Race multiple times.
2020 HOBBY: “I have mostly stayed within the area and spent most of my time with my kids and grandkid.”
