His family left the country because of the Iranian Revolution and moved to rural Champaign, Illinois at the age of nine.
Rassi's father, a Cornell graduate and former Iranian diplomat, went from being an educator in Iran to a professor at the University of Illinois.
[2] After earning his real estate license, Rassi rented an apartment to his two future partners, then unbeknownst to him, Erez Shternlicht and Moisha Mana.
[2] This became Milk Studios, a media conglomerate that now is a hub for fashion,[7][8][9] photography,[10][11] casting,[7] videography,[7] media publishing,[12] and cosmetics[13][14] Mazdack Rassi was instrumental in helping launch the careers of young fashion creators Alexander Wang, Joseph Altuzarra, Hood By Air, Cushnie et Ochs, via MADE Fashion Week, a program he started at Milk Studios with co-founders Jenné Lombardo and Keith Baptista.
[15] Tattoo artist Scott Campbell partnered with Rassi and MILK Studios to host the "Whole Glory" show.