Iovane is the son of a well-known restaurant and real estate mogul, and he grew up with one brother. Iovane gained his enthusiasm and understanding for real estate and the beverages sector by following in his father's footsteps. Iovane attended the Verulam Boys School before enrolling in the University of Hertfordshire in 2002. In 2005, he received his post-graduate Bachelor of Science in Philosophy with Science and Artificial Intelligence. Despite being headquartered in Los Angeles, Iovane has citizenship in three countries: the United States, the United Kingdom, and Italy.