In 1989, the company made a successful switch from manufacturing to distribution. He succeeded his father, the late Leonard Miller, who founded Lennar in 1954, as Lennars chief executive officer in 1997, five years before his father died July 28, 2002, of liver cancer, according to the South Florida Business Journal. There are a lot of take-aways from the list. Advances in communications technology have enabled more wealthy business owners to run their companies remotely from South Florida. Ansin learned how to manage money and his father made plenty to manage. Berkowitz, a Miami resident since 2006, said in an email exchange that Miami has all the resources we need, plus we get to live and work in a beautiful environment. Check out the rest of your mega-rich neighbors below. In 2014, a federal court ordered him and his real estate company to pay $450,000 in damages to a sculptor whose work they had copied; another court awarded $640,000 to another sculptor. Do not reach for your potential. For perspective, that property tax bill alone is more than the annual income of all but the top 0.1% of U. S. tax filers. The story: Bharat Desai, 61, is chairman of the board of Syntel Inc., a leading source of integrated information technology to help large companies transact business in the fields of financial services, healthcare and life sciences, insurance, manufacturing, retailing, logistics and telecommunications. I wasn't involved at all [in South Florida] until the financial crisis, and because I was in reasonably good shape in 2008, I had money for investment purposes. Robert Gary Sarver [1] (born October 31, 1961) is an American businessman, co-founder of Southwest Value Partners, a real estate development company, owner of the RCD Mallorca La Liga Spanish football team, [2] and the former owner of the Phoenix Suns NBA team and Phoenix Mercury WNBA team. How he made his money: Real estate development. 21 J. Christopher Reyes, 63 $2.8 billion Hobe Sound, 22 M. Jude Reyes, 61 $2.8 billion Palm Beach. To be successful requires huge effort. Genius will not; unrewarded genius is almost a proverb. The company is headquartered in Coral Gables and run by CEO Adriana Cisneros, who lives in Miami Beach. Franklin Templeton has over 100,000 investors who live in Florida. The story: Philadelphia native Norman Braman, 82, co-founded a vitamin retailer and merged it with another company in 1967. Arison remains chairman. It has all the necessary ingredients to continue along its success path.. The magazine said the agreement entitled Combs to a share of any profits from Ciroc vodka sales and to part of the proceeds if Diageo were to sell the Ciroc brand. This amount is from his extensive career as a journalist among other investments. People want to live here.. In 1996, he founded Boca Resorts. Greene came to Florida with his family in the 1970s, working for a time as a busboy at the Breakers. Realtor Jill Hertzberg said that for some homebuyers, profit potential is a major lure. So youve got to love what you do, and if you dont, try something else.. He served as chairman of the board of Kmart Holding Corp., which emerged from bankruptcy in 2003 and became a profitable retailer before its 2005 merger with Sears, Roebuck & Co. He hasnt even publicly acknowledged being the buyer. 4, Mexicos Carlos Slim, is more active philanthropically in Florida than some who claim the state as their residence, but hes more in the news for dinner at Mar-a-Lago or with basketball stars here. Johnson gives big to national causes, not so much in Florida. Forbes also reported that Blavatnik late last year made a $2.37 billion investment in Lyondell Industries that appreciated to more than $10 billion. Some Tepper, for example even move their operations here. Hes written three books on fishing and, recently, a novel. His portfolio in both film and TV is much more extensive than that of his colleagues, though. En'Joy" steve savor net worth Sean John Diddy Combs, left, No. SteveWillDoIt has an estimated net worth of about $2.55million. 1 belongs to Griffin, whose Blossom Way holdings have a combined value of $136 million, with an annual property tax bill of $2.33 million. For lots of people, their businesses are more fluid There are a lot of businesses you can conduct and live here in South Florida as your main residence, Hertzberg said. I think I ended up being the largest owner of unsold condos in Miami, he said. In a March 2011 article, Why Diddy Will Be Hip-Hops First Billionaire, Forbes magazine reported that Combs most lucrative asset was his 2007 agreement with Diageo, the worlds largest supplier of beverage alcohol, to promote its Ciroc vodka brand. Where he lives: Indian Creek Island (seasonal). New York Stock Exchange-listed Lennar stock recently was trading at share prices around $39, about 11 percent below its 52-week high of $44.40. The story: H. Wayne Huizenga, 76, made his fortune almost entirely from successful investments in years past, according to Forbes magazine. The ambitious son later became a leading developer of residential high-rises and hotel properties in Manhattan and took his talents to other fields as well. But as studies indicate, many are cautious about borrowing the capital required to catapult their businesses into exponential growth. As a boy, the Pennsylvania native watched his father trade stocks. Berkshire Hathaways fingers reach a wealth of places in Florida: Paint supplies, real estate brokerage, entertainment organizations, auto dealers, distributors and others. 210.862.1678 | | Owned by Gail and James McCready. This may in part derive from the glass ceiling that has traditionally kept female managers from rising to top management jobs, the regions relative youth and the limited number of large corporations based here. Ross influence ties, in a way, to Miamis condo skyline. Carl Icahn, 80 $16.9 billion, Indian Creek Village. Historically, in South Florida, wealthy blacks hailed from the professional classes bankers, lawyers and doctors. Buffalo, New York-based Rich Products Corp. generates more than $3 billion in annual worldwide revenue. Miller was cautious in assessing Lennars prospects on the companys Sept. 17 conference call with analysts to discuss second-quarter financial results. His 161-foot yacht, the Rockstar, was damaged in 2014 when a Miami draw bridge failed as it was going under. The doctor and health care entrepreneur is also among the few on our list whos self-made and who made his money in Florida. States up north will have a hard time going after someone for income tax who does all that. 13 Igor Olenicoff, 74 $3.7 billion Lighthouse Point. The Harvard MBA holder is founder and chairman of Access Industries, a privately held industrial group that owns businesses in natural resources and chemicals, media and telecommunications, and real estate. The five-bedroom, five-bath unit has 8,273 square feet and a roof deck with an outdoor pool. On its website, the company calls itself the founder of the non-dairy segment of the frozen food industry. According to the website, the late Robert E. Rich Sr., founded the company in 1945 after he discovered that a soya bean substance could be frozen, thawed and whipped to serve as a vegetable-based replacement for whipped cream. Richs Whipped Topping was the first in a line of non-dairy foods that Rich Products introduced, including Coffee Rich, the nation's first frozen non-dairy creamer, which first appeared on supermarket shelves in 1959. He also owns the WNBA Phoenix Mercury, so that ownership might be putting a bit of a drag on his total net worth. No. He liked what he saw. Schmieding is among the few on our list who are entirely self-made and who made their money in Florida. That makes him the 75th richest man in America. Part of his billion-dollar fortune came from his successful investment in BankUnited in 2008 when the bank was in financial trouble. Still, the rarified heights of the uber-wealthy may yet include more women and people of color. South Florida, I am convinced, will continue to be a wonderful place to live, raise a family, work and invest in. Share Background Report Overview of Steve Savor Lives in: Ft Lauderdale, Florida Phone: View phone number Age: 62 Gender: Male Gustavo Cisneros began his career at Venevision. Icahn Enterprises also has property operations that give its namesake a stake in Floridas rebound from the real estate recession in the second half of the 2000s. In four years, hes up nearly $2 billion in net worth. I believe strongly in the power of surfing to impact peoples lives, and its that power that brings surfers and non-surfers alike to our sport and community, Ziff says. One did it in real estate. In February 2013, an engine fire disabled the Carnival Triumph in the Gulf of Mexico, exposing more than 4,000 people aboard the ship to broken toilets and unsanitary conditions. In 2014, Florida ranked fourth nationally, with 4,710, in the number of people with at least $30 million, according to a study by UBS. And entrepreneurship may also be the path for people of color. How he made his money: High-rise condominium development. The Yale alum, for instance, gave $250 million to the university in 2013 to build two residential colleges there. Meanwhile, his net worth has doubled since our last list. He is a financial backer of Faena District, a multi-block, multi-use real estate project under way in Miami Beach, led by Argentine developer Alan Faena, who in 2012 started amassing hotel. 4 $55 million Faena House 3315 Collins Ave., Miami Beach. Place Of Birth. For hours, in every direction as far as one can see, hundreds of equestrians like her ride horses over obstacles in the 18 arenas at the 500-acre venue. 7 Paul Tudor Jones, 62 $4.7 billion Palm Beach, Jones, the latest hedge fund manager to choose Florida, is a former cotton trader whose average annual return for three decades has been 17% after fees. After dismounting, she mingles with the few spectators, catches up with one mom about a friends college plans and then joins three friends who came to watch her. In 1972, he acquired a controlling interest in Coconut Grove-based Watsco Inc. from its founder, William Wagner. Richard LeFrak, who joined the LeFrak Organization in 1968 and became its president in 1975, was appointed chairman and chief executive officer in 2003. In an email exchange, Henry said he would advise people starting in business today to find a professional passion: You cant work hard enough at whatever it is you want to be successful at, so you had better love what you are doing. Henry said, although I spend my summers up north, South Florida has been his principal home for the last 25 years, so I owe a lot to the area. The Miami Beach Senior High grad amassed a fortune in real estate with his Related Cos. And has become Michigans biggest donor, with more than $300 million given. The housing market collapse in 2008 and a health scare (a benign mass on his pancreas) prompted Prez to reexamine his personal and professional priorities. The young rider in a black jacket and white pants is Jennifer Gates, daughter of the worlds richest man. Steve Miller Band. Become a member to support the independent voice of South Florida The 25 wealthiest people with a South Florida residence accumulated fortunes in fields ranging from investment management and information technology to television broadcasting, energy exploration and the distribution of air conditioners, according to a survey by Global Governance Advisors conducted for the Miami Herald. New York-based billionaire Richard LeFrak, for example, has been spending more time in South Florida since he invested in the 2008 recapitalization of BankUnited, the largest locally based bank. In 2014, they opened a 16,000-sq.- ft. Headquarters office in West Palm Beach, close to the brothers Florida homes. Steven Smith Net worth $23 million & he is the current captain of Australia. In addition to mentoring from his father, Rich earned a masters degree in business administration in 1969 at the University of Rochester Simon School of Business. For example, since 2006 he has served as chairman of Miami-based investment banking firm Ladenburg Thalmann Financial Services. 3 Micky Arison, 67 $7.9 billion Bal Harbour. 5 $55 million 382 S. Beach Road, Hobe Sound. Feld Entertainment closes its Ringling Bros. And Barnum & Bailey Circus next month but Feld, thanks to monster trucks, ice shows and other arena entertainment, looks to be doing just fine. Hes since relisted them separately for a total of $73 million. His investments in BankUnited and Corus Bank were successful because the timing was good, LeFrak said. frsvunna mattias flashback; trailerdragare till salu. The majority of students attend on financial aid. South Florida has played a huge role in my life and career and what Ive been able to accomplish, he said. Building on a successful business is a simpler, lower risk idea than starting from scratch, Nahmad said in an email exchange. The CEO of Watsco advises someone starting out in business to consider financing the acquisition of a successful company. In August, Frost led a group that invested in preferred shares of Drone Aviation Holding Corp. in Jacksonville. People are what make businesses prosper. He also said he has lived in South Florida for 60 years and never wanted to live anywhere else. Its important to pick businesses that have the potential for long-term growth and preferably with high profit margins. South Florida has been an effective launching pad for his career. Purchases of stock in Bank of America and American International Group, or AIG, in 2011 helped to produce handsome 2013 returns on investment in his $8.8 billion-asset Fairholme Fund, according to trade publication Institutional Investor. Ross once was majority owner of Miami uber-developer Jorge Prezs company. He would miss the top five today. He has been chairman of Teva since 2010, when longtime chairman Eli Hurvitz resigned due to health problems. Anthem acquired Fernandezs Simply Healthcare Plans managed care company in 2015, the year after CVS acquired his Navarro Discount Pharmacy chain. Communications technology and ease of travel leaves the super-wealthy at no disadvantage in conducting business remotely, especially for financial industry players. The state also offers sumptuous housing, lifestyle and, depending on the activity witness Jennifer Gates world-class facilities and events. His net worth is up $4.6 billion since our 2013 ranking. . Being spared jail time later became a precedent cited by other tax cheats in their sentencing hearings. When he sold the company for $1.25 billion in 2004, Boca Resorts owned the Boca Raton Resort & Club and two Fort Lauderdale properties, the Hyatt Regency Pier 66 Hotel and Marina, and the Radisson Bahia Mar Resort and Yachting Center. The other two were in bio-manufacturing and pharma. Golisano, the founder of Paychex, said at the time the move would save him $13,800 a day. The Boston Red Sox have won three World Series championships (in 2013, 2007 and 2004) under Henrys ownership. He lives on a lake north of Naples downtown. Director George Lucas takes the number one spot with a net worth of $5. The name combines the first letters of Soffer, the Miami billionaire family behind Turnberry Associates, LeFrak and Miami. The wealthy arent evenly distributed around the state. While many of the billionaires and multimillionaires with South Florida homes are longtime residents, a growing number are relative newcomers lured by absolution from harsh winters and a state income tax. Frayda Lindemann, his wife, is vice president of the Metropolitan Operas board. Subway founder Fred DeLuca, our No. Opko is doing extremely well, Frost said in the Sept. 8 phone interview. He graduated from Williams College in 1963 with a bachelor of arts degree, and joined the family business in 1964 as president of Rich Products of Canada Ltd. spotify cover size converter. Eight-acre waterfront estate on Jupiter Island owned by golfer Greg Norman. She was built to Unknown classification society rules. Date Of Birth. Powered by twin diesel Caterpillar (3412) 1,400hp engines, she comfortably cruises at 17 knots, reaches a maximum speed of 22 knots with a range of up to 2,500 nautical miles from her 49,200 litre fuel tanks at 12 knots. How he made his money: Co-founded a successful information technology company with his wife, Neerja Sethi. He has worked on several music albums with various artists, which have been sold millions of times all over the world. You have to show up all the time. How he made his money: Netted billions of dollars by selling his share of a chemical maker and an oil production venture. Facebook gives people the power to. In early 2014, Prez broke ground for construction for the SLS Hotel & Residences Brickell and opened MyBrickell, his first post-crash condo development in Miamis urban core. He owns an investment firm. In 2006, Rich became chairman of the board of Rich Products Corp. after the death of his father, and his wife, Melinda Rich, became vice chairman. According to the website of Olen Properties, the companys South Florida apartment properties include Weston Place in Weston, Club Lake Pointe and Players Club in Coral Springs, Delray Bay in Delray Beach, Manatee Bay and Indian Hills and Whalers Cove in Boynton Beach, Sanctuary Cove in North Palm Beach, and Villas of Juno in Juno Beach. He also of late gave $25 million to the Special Olympics. Waneks impact on Florida, though, aside from furniture stores, is scant. In December, he paid $517 million cash for Miamis Southeast Financial Center, Floridas biggest office building. Were told there are more quiet billionaires in Naples than is publicly known. The story: New York City native Richard LeFrak, 69, has lifted his familys real estate development business to new heights. The Marcellus is a massive shale rock formation in the Appalachian region of the United States, where East Resources had acquired 650,000 acres by June 2009. Frost is a major shareholder and a director of premium liquor supplier Castle Brands, and he is a major shareholder of Vector Group Ltd., a leading cigarette manufacturer through its Liggett Group LLC subsidiary. But she doesnt finish out of the money. Hes more than doubled his money since 2013. 8 $39.5 million 321 Ocean Drive, Miami Beach. Generally speaking, the market has continued a slow and steady recovery that is markedly different from past down-cycle recoveries. South Florida is a wealth magnet. I believe in diversification in every possible way.. Trump converted Mar-a-Lago into a private social club in 1995. His Ukranian-Ukrainian born father, Sidney, a successful shoemaker in Boston, went on to become a successful Florida real estate investor in the 1950s, according to Forbes. Now, factoring in Terri, who does own Australia Zoo and has been in far more television shows and films (notably, The Crocodile Hunter, Croc Files, and Crocodile Hunter Diaries ), it was estimated by TheWealthRecord.com that Terri is worth $80 million in 2021. Stuart Miller was chairman of commercial property subsidiary LNR Property Corp. until Lennar spun off of LNR as a separate company in 1997. But more billionaires are choosing to live here. As was true in Flaglers time, there is no place for the rich and famous like Palm Beach and not just because its the kind of place former President Bill Clinton and current President Donald Trump visit on the same weekend. 3 $65 million 800 S. Pointe Drive Apogee South Beach. He started with a single garbage truck and turned his hauling business into Waste Management Inc., the nation's largest garbage hauler with $13.9 billion of revenue last year. The same thing has happened with Russians, but unfortunately their political situation has made it more difficult for them to come in now.. New York-based LeFrak has a second home in Miami Beach where he resides part time but increasingly more time, he said in a phone interview. If you dont stand for something in life, then youll accept anything. It doesnt matter what you do, if you really like it, he said. It's for business reasons because I have several projects under way down there. In 1983, Pegula borrowed $7,500 from family and friends to start East Resources Inc., and he built the independent oil and gas exploration business into one of the largest privately held companies in the United States with a helping hand from advanced oilfield technology. LeFrak served four years as a director of BankUnited before selling his shares in the largest South Florida-based bank. May 28, 2022 | smart planlsning fjllstuga | stamcellsbehandling rygg As of 2022, Steve Savoca's net worth is $100,000 - $1M. Steve's average net worth is $986,720. Dirk and his brothers started with the Ziff-Davis publishing fortune built by 6 their father. At the bash, Jones called for people to pressure state leaders on the foundations cause. When Florida Trend did this list four years ago, Floridas richest person was the late Subway founder Fred DeLuca, with $5.4 billion. He buys, holds, sells and scores whether its the family eye-products company, cable, mobile or energy. Real-time updates and all local stories you want right in the palm of your hand. . I tell young people just starting out to work hard, learn everything they can about the business and find a mentor to help guide them and expand their thinking. Our Fort Lauderdale trading desk makes over $30 billion in equity trades annually in over 40 financial markets around the world., Johnson said his best advice for young people starting out in business is a statement by former U.S. President Calvin Coolidge, which is engraved on a plaque hanging on his office wall: Persistence Press on. 25 William H. Wrigley Jr. II, 53 $2.6 billion North Palm Beach. 6 Dirk Ziff, 52 $4.8 billion North Palm Beach. 1:50PM. In 1974, DeLuca and Buck were the owner-operators of 16 restaurants in Connecticut, and they decided to sell Subway franchises in order to expand the restaurant chain at a faster pace. He graduated Penn State in 1973 with a bachelor of science degree and got his first job with Getty Oil Co. in Victoria, Texas. The story: Charles B. Johnson, 81, retired in June 2013 as chairman of the board of Franklin Resources Inc., a San Mateo, California-based money management company doing business as Franklin Templeton Investments. As of April 2023, Steve Harvey's net worth is roughly $200 Million. Results are based on publicly trackable sources of wealth, such as ownership in public companies. He was the chairman and chief executive officer of Ivax from 1987 until January 2006, when Israel-based Teva Pharmaceuticals bought Ivax for $7.4 billion. Some state leaders complained Buffett would make out like a bandit, but others counseled the state needed the insurance. In 2015, the same year he bought the Casa Apava estate on Palm Beach for $71 million, he gave a TED talk decrying the wealth gap in America and warning it could spark revolution. For Huizenga, it all started with a garbage truck. He and his wife, Constance Fernandez, have five children. He was founder, president and CEO of Group Tech Systems, which developed a national database of group health insurance information. His net worth is an estimated $26.6 billion. He founded Las Vegas-based beverage company Rockstar Energy in 2002. is adam leaving the young and the restless 2022. Our real estate cannot be imported nor exported., Olenicoff said South Florida accounts for a solid 30 percent of my company's growth and success. No. For me, it has been very successful, Frost said. Full Name. New York Stock Exchange-listed Heico stock recently was trading at share prices near $47, about 28 percent below the 52-week high of $65.04. Well, he tops the chart of the richest snooker players in the world. Forbes magazine, which annually estimates the value of National Basketball Association franchises, reported that the move by NBA star player LeBron James to the Cleveland Cavaliers from the Miami Heat could reduce the market value of the Heat franchise from $770 million, currently the seventh-most valuable franchise in the NBA. 18 Richard Schulze, 76 $3 billion Bonita Springs. Thats about par for him; though hes Floridas richest resident, he ranks 32nd nationally. History would suggest a more vertical recovery, especially given the severity of the economic decline. MBF focuses on investments in healthcare service providers. Reach for the unreachable, he said in an email exchange, but avoid debt whenever possible, and be the dumbest person in the room, as this will accelerate your development., Fernandez also said by email that South Florida has provided him a useful sense of likely U.S. business trends: By looking at Florida's changing demographics, I believe that you are seeing our nations future. When we started off in the car business, Cadillac was our dominant franchise. Steve Wynn - Net Worth: $3.2 Billion Casino owner, real estate developer, and art collector Steve Wynn has overseen the development of some of the country's most popular entertainment venues, including the Golden Nugget, Golden Nugget Atlantic City, Treasure Island, the Bellagio, and The Mirage. People who move from Middle Atlantic and New England states, depending on the state, can save 8% to 9% of income that otherwise goes to state, county and city income taxes plus spare their heirs from piggyback state inheritance taxes. Lets move the business entirely, Navas says. Quintessential in that he moved to the Keys from a cold climate, discovered a love of fishing and now tells fishing stories. The Pegulas recently made a successful bid to acquire the Buffalo Bills, the National Football League franchise. He is shoveling it out fast: $100 million to the University of Miami last year to fund engineering and science program upgrades, $35 million for a new Miami science museum. Many of the top 25 wealthiest people in South Florida own a controlling equity stake in a large enterprise that they founded, said Jaret Davis, co-managing partner of Greenberg Traurig's Miami office. I had a degree of success before coming here, Braman said in a phone interview, but my great success in life has been in South Florida.. (He reportedly donated $3 million to Bushs political action committee.) Steve has been performing for the last 50 years and has achieved great success through his musical career. Source: Diversified business ventures, especially a vodka promotion deal with supplier Diageo. Although Prez has restructured Related Group to make it less reliant on condominium projects, he has hardly abandoned the condo market. With the help of son Todd, he grew it into Ashley Furniture, which now lays claim to being the largest furniture maker in the world. The story: Jorge Prez, 64, transformed the South Florida skyline during the high-rise condominium building boom before 2008, and his development company Related Group survived the bust that followed. Thats why we headquartered our companies here and that, in turn, is why we were successful.. Syntel has shared its success by running SPrayas, a volunteer-based program to educate underprivileged children in communities where the company operates. Just this morning, an announcement went out that a product we licensed to another company successfully completed the clinical trials, and a new drug application was submitted. He has a home on Indian Creek Island in northeast Miami-Dade County. They opened their first restaurant in Bridgeport, Connecticut, in August 1965 and set a goal of opening 32 more by 1975. His son Aaron J. Nahmad is a director of Watsco and the companys vice president of strategy and innovation. A two-minute walk away, Steve Jobs widow Laurene Powell Jobs bought a $15-million ranch.

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