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This project was successful and completely sold, leading to a second 58 lot development project. Stephanie was an executive in the real estate industry and is currently president of the Shoma Group. Masoud Shojaee and his ex, Maria Lamas, finalized their divorce in 2018. Miami's independent source of Mr. Shojaee applies his vision and extensive knowledge of building high-quality developments in the diverse and growing South Florida real estate market. Masoud and Steph love each other so much. Q: Earning an executive position in a male-dominated industry is no easy feat. 10 0 obj Q: Your Instagram has amassed a huge following thanks to the front row seat social media gives to your life. In late October, Suarez sent a demand letter to Silva seeking access to Florida Wilshires tax returns for the last three years, copies of financial statements for the same time period, the amount of cash on hand and the value of the property. Masoud with his wife Stephanie ( Source : instagram ). endobj Before marrying Stephanie, he was married to Maria Llamas. Although he has completed dozens of successful projects as many as 10 at a time Shojaee has also had his share of struggles and lawsuits. It was the mid-1980s, during the savings and loan crisis, a good time to start looking for properties, Shojaee recalled. I had my own way of envisioning [a project] and marketing that I was not able to do when I was doing the partnership, Shojaee said. Using the IRS as a weapon in a business dispute is, well, not good business. Christmas was a little bit extra special for certain people. Masoud is popularly known as the CEO of the Chairman of the Board of Shoma Group. Initially, he expressed his desire to attend UCLA. Megan Phelps husband is a Norwegian lawyer Jeff Hephner wife Heather Sylvia Adams is a Certified Pilates Instructor. As Miami rents skyrocket, billionaire developer Masoud Shojaee's Shoma Group is building a luxury apartment complex in the working-class municipality of Hialeah. Mejia may have been ultra-successful in the corporate world, but she had come from humble beginnings as the daughter of Colombian immigrants. I am a very hands-on person, and I like to overview and supervise every aspect of the business.. This love contains abundant respect, loyalty and trust for each other. A post shared by Masoud Shojaee (@mrmasoudshojaee). The company handled a large number of government contracts but came under fire amid local unrest and several large scale strikes. Masoud develops many properties, from high-rise apartment condos to commercial buildings. These efforts gained momentum very quickly and now theyre the primary way we market our projects. So he thinks his daughters have those thinking and understand the value of advice. In February 2017, Masoud listed his Moroccan-style estate in Coral Gables for $15.9 million. People used to take me less seriously because of it, but over time I have demonstrated that I can be just as serious as a man in a hard hat and pants even when I am dressed in designer clothing and heels. Unfortunately, there is no exact figure of Masoud Shojaees salary. I am a firm believer in dressing well, and always dress to kill whether Im headed to the office or to the front row of a fashion show. Shojaee also knows exactly what he wants from a sartorial perspective. 11:40AM, I drove past some new luxury apartments being built in East Hialeah. Both Shojaee and Colombo declined to comment on the legal wranglings. You can tell from Stephanies posts on Instagram. Similarly, the company has made worth billions of real estate deals. I came up with better ideas and new ideas, to be more creative, to have a better design on the houses, to be a little bit innovative, to introduce new products.. *looks up website knowing its going to be tremendo robo*Why live in Hiealeah is not just a city. It has eight bedrooms, 10 bathrooms and offers multiple pavilions providing excellent outdoor entertaining areas. All that makes me kind of sad, because, having previously never heard of Mr. Lamas or the coup and only having the vaguest idea as to where Honduras is, I was really rooting for his son Jose Antonio Lamas (Mr. Lamas), who had served as CEO of Aljoma, as I read TC Memo 2015-59 Jose A. Lamas And Maria E. Lamas v Commissioner of Internal Revenue. Biography Of Stephanie Shojaee - Age , Net Worth and Children , She is the wife of Masoud Shojaee , His husband is the president and chairman of the board of Shoma Group. I am the proud daughter of two working-class Colombian immigrants who devoted themselves every day to provide for our family. As much as Shojaee relishes such leisure, he said he hopes to keep working for another 20 years. When I joined Shoma Group, we had very few women on our team, so I set out to change that and started seeking women candidates for open positions and started creating new roles too. Stephanie Mejia Work Experience and Education According to ZoomInfo records, Stephanie Mejia's professional experience began in 2016. We saw more of a trend that [buyers] are willing to pay more money and want a different product, so we changed to that, he said. Masoud is currently married to Stephanie Mejia Shojaee, a former Chief Marketing Officer of Stephanie Shoma Group, who most recently served as the companys president. While friends note his generous character and sartorial sensibility, theyre just as apt to muse about his determination and focus in business. Masoud Shojaee, the real estate mogul has two daughters, Anelise Shojaee and Lilibet Shojaee. Read Also: Druski Net Worth 2022: Biography, Wiki, Girlfriend. In 2021, Shoma Group sold Doral apartments for $102.5 million. The rest of the tax blogosphere failed to note the admittedly somewhat tenuous connection to political intrigue and the deforestation of Central America, but that hunt for the story behind the story behind the story is what tends to slow me down a bit. Dr Jessica was born on 13 August 1977 while Jon was born on 15 September 1990. Masoud and Maria have been together in every up and down, whether personal or business. Opinions expressed by Forbes Contributors are their own. As a result, Shoma is rooted in both the foundational practices and wisdom Masoud has gained since he founded Shoma 33 years ago and the new ideas and approaches to developing and selling real estate I have brought to the table. Also included is a tennis court pavilion hidden behind manicured hedges and a billiard room with a bar. I love to work, he said. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. But, after 30 years of marriage, Maria filed for divorce from Masoud, leading to a messy legal battle. Masoud Shojaee is the CEO and Chairman of the Board of Shoma Group, an award-winning real estate development company based in Miami specializing in residential and commercial projects. Offers may be subject to change without notice. But, Mr. Masoud does not rest on past successes, Masoud Shojaee continues to develop and research his methods based on his desire to create projects, that inspire excitement and new ways to improve the environment we live in. Masoud got married to Maria in 1986. Parker of Douglas Elliman, which is now handling sales at Eleven on Lenox, calls Shojaee a visionary.. The actress started swirling into show business with her Youtube channel. I also stress that its always important to stay true to yourself and not let anyone change you. I think this partnership uniquely positions us to be able to stay on the cutting edge as a market maker for years to come. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. 1 0 obj Later Mr. Shoajee would tell the IRS that as a family business, there was no record kept of hours worked by officers and directors. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. 6 0 obj The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. She has close relationships with fashion houses, such as Dior and Hermes. I think women are often told that they can only have one or the other, that they cannot look trendy and fashionable if they want to be taken seriously in their industry. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. She helped the company to increase profits by 30 percent. How has your unique approach helped the company achieve these repeated accomplishments? His company Shoma is a Miami-based real estate development company. | On December 26, 2022 07:48 AM. I am proud to say that half of the employees at Shoma today are women, and that the Shoma marketing team I built from scratch is an all-women staff. His company in Honduras ( Jose Lamas S. de R.L) appearsin reports by environmental activists as logging illegally with the logs passing through Miami based Aljoma Lumber (which was sold to Universal Forest Products in 2007 for $53.5 million). In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. In April 2022, Shoma bought a development site for $220 million. A: Being recognized by Rolls-Royce as an ambassador was a surreal and humbling experience. Then in 2010 a follow-up letter was sent to the IRS that Mr. Lamas had not done much at all for Shoma or Greens. Work Experience Director, Marketing & Sales Shoma Group 2016-2018 View Stephanie Mejia's full profile Recent News About Stephanie Mejia Web References Scoops Intent SHOMA GROUP Events - azureazure.com Read more news I am generally conservative, but I am a risk taker with a very calculated risk, he said. They became more bonded as they both were active in making the Shoma company reach the heights of success. According to reports, he may have wanted to succeed his father, but in 1970, strikes and growing public unrest led to problems. Masoud Shojaee was born on August 3, 1959, in Tehran, Iran. One of those persons is Stephanie Shojaee, wife of real estate guru, builder and businessman, Masoud Shojaee. As a result, they moved into luxury homes and townhouses. According to the lawsuit, Shojaee is looking to sell Sanctuary at Doral, a project consisting of two six-story apartment buildings with 226 units and a total of 27,000 square feet of retail, which includes a 14,000 square-foot food hall called Shoma Bazaar. The Iranian immigrant who arrived in the United States with some seed money from his father and a dream to make his family proud, graduated from the University of Miami and made his mark on Florida real estate. Bad Boys IIs Miami filming locations, mapped. Image Credit - Instagram Masoud surprised his wife with a customized private jet in the color, white and red, for Christmas. He began dating Stephanie and later got married to her. He went in the right direction.. I love to dress in something different, he said. Shojaee founded Shoma Group in 1988. Q: Youve never sacrificed your love for personal style when it comes to your professional and personal life. This is even more so the case in male-dominated industries such as real estate. When he renovated an office building in the Waterford office park, he used a helipad to board one of his two helicopters, in which he flies over and observes his projects across South Florida every day. The timing was lucky for him, the market was just ripe, the US was going through a savings and loan crisis, making it a great time to acquire property. Her success certainly did not come easily; as the child of Colombian immigrants, Stephanie had to fight tooth and nail against the odds to make a name for herself in business, a tenacity and work ethic she continues to maintain to this day. Deadly crush during New Year festivities in Uganda, Nine die in Uganda New Years stampede in shopping mall, Pele in Africa: The man, the myth, the legend, Lula da Silva sworn in as Brazils president, Confusion as parliamentarian arrives at his wedding in tricycle [Photos], Perspective-skewing, non-linear heist tale pulled Giancarlo Esposito into Kaleidoscope. Initially, he looked at enrolling at the University of California Los Angeles, but after building some connections in South Florida, he was convinced to enroll instead at the University of Miami. He was born in Tehran, Iran, but moved to the United States for his college before settling in the country permanently. For Steve Patterson, president and CEO of Related Development, Shojaees vigilance is one of the keys to his success. Rather than remain restricted by the negative stereotypes of style-conscious individuals in office environments, Stephanie has unabashedly embraced her passion for couture and fashion while managing to guide Shoma Group to new levels of success, offering a masterclass to women everywhere on how to stay authentic to themselves in the workplace. Miranda Cohen Net Worth: Biography, Fitness, Age, Height & Weight [2023]. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 . the highest percentage of Cuban and Cuban-American residents in the country, rent jumped a whopping 65 percent, from $1,000 to $1,650 a month. Hed brought capital with him from Iran, and his family had sent more money to invest in the United States an amount Shojaee will only peg as millions of dollars. Chateau Artisan, a Miami castle designed by architect Charles Sieger, housed the Dwyane Wade-Gabrielle Union wedding extravaganza back in 2014. Masoud and Maria were a powerful couple who were not only bonded by marriage but by their billion-dollar company. Masoud Shojaee and Maria Shojaee filed for divorce after 30 years of marriage. Holland & Knight could not resist patting itself on the back for the win. After the success of the first two projects, Masoud Shojaee started out on his own, founding the real estate company Shoma Development in 1988. Occasionally, Masoud still buys and sells airplanes, but his main focus is on his real estate company. ( Source : therealdeal ). Businesses shut down. Kylie emerged i Nimesh Patel wife Amy Havel Patel is a Director at Whalar. They have no kids. https://therealdeal.com/miami/issues_articles/the-making-of-masoud-shojaees-empire/#new_tab, Miami condo sales surged in March. Mr. Masoud Shojaee applies his vision and extensive knowledge of high-quality, development and construction to the diverse and growing South Florida real estate market. All rights reserved. This case was also unusual in the dollars at stake. The pair were married in 1986, and Maria co-founded the Shoma Group with him. Overall, I try to be as inspirational as I can while still maintaining relatability. Masoud Shojaee is a great proof of how hard work and perseverance can pay off. Finally, Mr. Shojaee took a business opportunity away from Shoma when he chose to build a real estate project on Shoma land using one of his personally owned companies. %PDF-1.4 I have to study everything .I play offensive and defensive it all depends on the timing and the market.. Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. His company Shoma is a Miami-based real estate development company. Your email address will not be published. I would not just close my eyes and throw a dart. He was on his own to continue his studies, earning a masters degree in electrical engineering and taking additional classes, aiming for a Ph.D. in the subject. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. January 19, 2022 We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Similarly, she is the female ambassador for Rolls-Royce in the United States. His father retired and Shojaees life took a turn. To be recognized as someone who takes risks, puts themselves out there, and is not afraid to be a trendsetter is such an honor, and I hope that my inclusion as a member of the Latina community can show other women of diverse backgrounds that the possibilities for their success are limitless. One thing about Masoud is, he sure knows how to spoil his wife rotten, and Stephanie loves and appreciates him so much. JFIF C (Masoud and Maria) founded Shoma Group together, but they split up in 2015. The Coral Gables resident told The Real Deal that his goal is to bring new design concepts to the region like choosing a minimalistic style rather than Mediterranean architecture at the nearly completed Oasis at Park Square in Doral, where each unit features a private rooftop with a Jacuzzi, barbecue area, bathroom and covered terrace. The couple did not elaborate on the reason behind their divorce. At 12,492 square feet and located off Casuarina Concourse, its among the seven biggest homes for sale in the affluent neighborhood. You also have to wonder what Mr. Shoajee was thinking when he sent his follow-up letter to the IRS. The next deal was even larger. He, a real estate mogul in his own right, came to the United States, his family now back in Iran. The work included a derivative lawsuit against Mr. Shoajee, work with an advisor to develop financing for Shoma and investors and purchasers of its projects and work as Shomas treasurer. Operated by Pantheon Media Group LLC under license of Mondadori Media S.p.A. Reproduction in any manner in any language in whole or in part without prior written permission is prohibited. 3 0 obj Stephani began her career as a Chief Marketing Officer of Shoma Group. Masoud and Maria were a powerful couple who were not only bonded by marriage but by their billion-dollar company. Hall said Shojaee and he have a group of highly accomplished mutual friends, including high-profile attorney Scott Baena and others he declined to name. I have found that nothing makes more of an impact to overcome peoples doubts about you than hard work and persistence. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. Andrew Hall, Shojaees friend and managing partner at Hall, Lamb, Hall & Leto, who represents him in the Collection Residences and Collection suits, said litigation is par for the course. Tour the amazing $11M castle Dwyane Wade and Gabrielle Union were married in. He established Shoma in 1988. The couple met at the company where Stephanie had worked for the past 11 years. I think self-respect is the first step in getting respect from others. What gift did Masoud Shojaee give to his wife? I also try to use my platform to show the fun and exciting aspects of building and developing real estate because I think theres an incorrect perception that the industry is boring. Brennan Lee Mulligan wife Isabella Roland is an actress. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. Since founding Shoma in 1988, Shojaee has developed more than 10,000 residential units and more than one million square feet of retail and office space with $5 . From the fall issue: It may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. Parker Tax Publishinghas a good summary of the case. (1#%(:3=<9387@H\N@DWE78PmQW_bghg>Mqypdx\egc > , % QRb12!A" ? Read Also: Pnuff Crunch Net Worth: The Biography of a Wealthy Businessman. Stephanie Masouds second wife. The stylish executive shares her husbands taste for luxuryin 2020, she was one of the only female brand ambassadors for Rolls-Royce in the US. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Ivana Trumps townhouse might be the Upper East Sides quirkiest listing, Sedesco adds to Billionaires Row assemblage, Theatre 80 St. Marks faces curtain call as bankruptcy sale moves ahead, Blackstone mezz loan offered up by Koreans, signaling distress. Shattering glass ceilings since she entered Shoma Group as Chief Marketing Officer (CMO) in 2013, Stephanie Shojaees newly-announced promotion to president of the multi-billion-dollar Miami development company adds some much-needed representation for women and the Latin community in top-level executive leadership positions, particularly when considering only 4 percent of U.S. C-Suite positions are occupied by women of color as of 2021. <> The two of them met at the company where Stephanie worked for the past 11 years. Top 10 Highest Paid Female Model In The World, Teams That Won The Stanley Cup In The Last 10 Years. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . After the divorce, Maria remained out of the spotlight while Masoud found love once again in his life. Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer thats tied to a recently completed Doral mixed-use project. Theres also a suit against Colombos exotic-car dealership, the Collection, related to a $413,108 contract to purchase a Ferrari. Being that I am a frequent shopper within luxury brands, I have been building relationships over time, most of which have turned into dear friendships. As a result, Masood earned a masters degree and continued to take additional classes for a Ph.D., thereby furthering his studies. As a result of its reputation for building environment and quality homes, people want to buy Shomas advanced projects whenever they get them. While women have long been striving toward a more equitable workplace, modern data shows that women still have a long way to go before reaching fair representation in the corporate world. Only a long time follower can relate. independent local journalism in Miami. While other friends of his with similar nest eggs wasted the money or partied it away, Shojaee used the funds to launch his career. The Passive Activity Loss Rules (Code Section 469) spawn quite a bit of tax litigation, with taxpayers generally losing. Now there are many different players in the world of real estate, including appraisers, government and home inspection agencies, as well as potential buyers and sellers. About his childhood growing up, not much is known. As a frequent flyer, Shojaee also keeps an apartment in Montreal and makes regular visits to family in Paris. Ladies; Check Out Some Unique And Adorable Styles You Can Rock This New Month. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I am Judit Miltz a Realtor. The private jet had white and red exteriors, the carpet was red and custom made in Stephanies name. Masoud Shojaee is the companys Chief Executive Officer and Chairman of the Board of Directors. Later when his father retired, he sent more money, but Masoud left a tidy portion that he could invest. On 18th December 2021 , Her husband Masoud Shojaee Gifted her a Private Jet. I felt that there was a lot of opportunity for Shoma in digital marketing so I shifted my focus at the company and started experimenting and implementing those strategies. Masoud Shojaee net worth is around $5-6 million. When Masoud was given the necessary capital to start the business by his father, he has grown it into a multi-billion dollar empire in just three decades. Karolina Protsenko Net Worth 2023: Biography, Music Career & More Latest News. So Mr. Lamas had a minority interest in a business venture controlled by his brother-in-law. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright2023 Nnet Worth / All Rights Reserved. Ive also focused a lot on fine-tuning the Shoma brand. He started his career with a focus on single-family homes because they offer more flexibility: If the market takes a turn, you can switch plans. Back around the turn of the millennium, Aljoma Lumber, under the leadership of his son Jose Antonio Lamas, was not exactly getting kudos as a model employer. Join the New Times community and help support By showcasing what I do throughout my work day, I hope to demonstrate that they, too, can have a seat at the table in the industry and do so while being their complete, authentic selves. What is Masoud Shojaees net worth? Masoud Shojaee and his ex-wife Maria Shojaee helped to build state-of-the-art auditorium and classroom known as Shoma Hall. Hes respectful and firm and he knows what he wants and is relentless in getting it, Parker said. Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million October 18, 2021 The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. It was all possible due to their $1.5 million gift from them to the University. The Shojaees sued Silva for defamation last week in Miami-Dade Circuit Court. The attorney is specialized in Family Law, Criminal, and General Practice. Within several months of Masouds arrival in the US, the revolution broke out in Iran, and he could no longer return home safely. and help keep the future of New Times, Use of this website constitutes acceptance of our. The former couple founded Shoma in 1988 and lasted almost 30 years together. / , and/or . Four months later, the Iranian revolution began. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. Joe Kristan noted that allowing Shoma and Greens to be considered a single activity was a very important aspect of the decision. Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. The typical 469 case usually involves an amateur landlord with a day job. () , , , , , , , , . She has a growing fanbase on YouTube with 184K subscribers. At trial Mr. Lamas had ten witnesses that supported his material participation. Miami might have an international reputation for thriving bars and late-night pool parties, but it's also packed full of family-friendly activities for kids of all ages. Masoud Shojaee is facing another legal entanglement involving his daughters. Shoma still owns 50 percent of the property planned for the Collection Residences. Its enjoyable. Today his firm, Shoma Group, develops apartment buildings, townhomes, office buildings and retail space in addition to the 10,000 single-family homes it has built since he founded the company in 1988. The Iranian Revolution began in 1978, prompting Masoud to leave his home country for college in the United States. That was one of the most successful projects I did, he said. , , and/or , and/or. When Masoud Shojaee moved to the United States, he began carrying a nest egg for his livelihood. Similarly, she is also the owner of the Shoma Bazaar food hall. If Stephanie is not catching Masoud in an unaware video of him in his office working, then she is gushing about how much she loves him to her followers on Instagram. Huh? Shojaee denied the allegations in a motion to dismiss the complaint. However, Masoud probably spent his childhood in Iran, where he also acquired primary and secondary education. Masoud builds high quality developments in the diverse and growing South Florida. It would be easy to think that Masoud Shojaee achieved his place at the pinnacle of South Florida real estate development on his ownbut he had a partner on his way to the top. What lessons do you hope other aspiring businesswomen can learn from your journey to success, and how do you use your own position to empower other women? Posted on Last updated: February 19, 2023. By making his wife CMO, it shows how much trust and faith he has in her. Appreciating her gift, one of her Instagram fans wrote "I'm dying how are you now". Shojaees personal style may also translate into adding a scarf, or eschewing the custom of choosing a belt and shoes of the same color, and instead matching the jacket color with the belt, and opting for a different color in shoes. He reentered the aviation business two years ago, buying and selling more planes. For more on Stephanie and her ground-breaking approach to executive leadership and personal style, visit the Shoma Group presidents Instagram for the latest updates. Masoud attended the University of Miami, where he earned a bachelors and masters degree in electrical engineering. Its a feeling. Many call Hialeah the Brooklyn of Miami .. pic.twitter.com/fnzp3L4r1l, Gentrification isnt inevitable. Now, the Shoma Group wields a hefty amount of influence on the South Florida real estate market, and Masoud is its fearless leader. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. But Masoud was greatly affected by it. He likes finer things in life, but he is respectful and disciplined.. Brooklyn MuseumAdjacent Apartment With Two Large Bedrooms Asks $875K, Two-Bedroom Penthouse on West End Avenue With 3,000 Square Feet of Terrace Asks $2.8M, One-Bedroom in Clinton Hill Former Shoe Factory (Across the Street from Pratt) Wants $795K.

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masoud shojaee new wife