Djavad mowafaghian biography of michaels net worth

This article was published more than 13 years ago.

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Some information may no longer be current. Djavad Mowafaghian: 'In my value system, the money made through business belongs to the people at large, and, therefore, it should go back to the people. Djavad Mowafaghian was one year old when his father died of a stroke, leaving his mother to raise him and his sisters in a modest neighbourhood in Tehran during the s.

Mowafaghian went on to a successful career in construction in Iran, which he left after the revolution, and Vancouver, where he settled in But he never forgot the example set by his mother, Robabeh. Now 84, Mr. Mowafaghian is following his mother's example. A few years ago, he set up a family foundation and he has been quietly giving away his wealth ever since.

The money will go toward creating a centre that integrates brain research and patient care. Mowafaghian, who had a stroke last year, said he made the gift to "help develop a closer understanding of how the brain works and in particular for the role the centre will play in studying and finding cures to brain disorders affecting children.

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The gift is one of many. He has donated to 20 organizations so far and plans to keep donating. Earlier this year he transferred all of his company assets into the foundation, ensuring it continues granting for many years. These days, Mr. Mowafaghian spend as much time as possible with his grandchildren. Report an editorial error.