Its a matter of strategy for me, Frost said. 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. Anthem acquired Fernandezs Simply Healthcare Plans managed care company in 2015, the year after CVS acquired his Navarro Discount Pharmacy chain. Check out the rest of your mega-rich neighbors below. 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 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. A guitar collector, he also has a home in Marthas Vineyard. And also, I like it., He also invested in the acquisition and renovation of the Gansevoort hotel in Miami Beach, and has bought the land in North Miami for an aborted development that had been called Biscayne Landing. 9 $39 million 400 S. Mashta, Key Biscayne. London-born Bahamas investor and currency trader Joe Lewis and his Tavistock own the Pier Sixty-Six hotel and marina in Fort Lauderdale, the Isleworth and Lake Nona golf and country clubs and the high-impact Lake Nona development near Orlando with its health care business park that includes the UCF medical school, a VA hospital plus the USTAs national campus and a planned training center for KPMG. Steve Harvey Net Worth. A two-minute walk away, Steve Jobs widow Laurene Powell Jobs bought a $15-million ranch. frsvunna mattias flashback; trailerdragare till salu. 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. Peter is an assignment reporter at Fox News who was born on July 21, 1987. Citadel hedge funds Ken Griffin paid $60 million for two units at Faena House in 2015. 14 Phil Frost, 80 $3.6 billion Star Island, Miami. His net worth has increased $600 million in four years. As Global Governance senior partner Luis Navas notes, many on the list are self-made. 19 Edward DeBartolo Jr., 70 $2.9 billion Tampa. So youve got to love what you do, and if you dont, try something else.. Pegula and his wife, Kim, paid $6.58 million for a 12-acre estate in an equestrian-themed area northwest of Boca in 2010. In 2008, the third-richest man in the world, Warren Buffett, made headlines when Berkshire Hathaway took $224 million from the state in return for a pledge to buy the states hurricane catastrophe bonds in the event the state got smacked by hurricanes as it had in 2004 and 2005. 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. Its holdings in the United States, Europe and South America include large equity stakes in LyondellBasell Industries, a leading chemical company, and music company Warner Music Group, which has recorded artists ranging from Aretha Franklin to k.d. It includes a cluster of apartment buildings in Broward and Palm Beach counties. The story: Phillip Frost, 77, a former professor of dermatology at the University of Miami's medical school, teamed up with business partner Michael Jaharis to acquire drug-development company Key Pharmaceuticals in 1972. He gave $1 million in 2016 to Baptist Health in Jacksonville. The story: Terence M. Pegula, 63, is a self-made billionaire who collected a fortune from a technology-driven surge in gas production from shale rock. It will make the obstacles seem less problematic than if you are struggling to do something you are lukewarm about., Mar-a-Lago and his golf course properties in Palm Beach County and Miami-Dade County constitute a very healthy addition to my best holdings, Trump said. He and wife, Mei Sze, founded an innovative private, pre-K-8 school in West Palm Beach with a student-teacher ratio of 2-to-1. Lots and lots of money. Share Background Report Overview of Steve Savor Lives in: Ft Lauderdale, Florida Phone: View phone number Age: 62 Gender: Male He also owns the WNBA Phoenix Mercury, so that ownership might be putting a bit of a drag on his total net worth. Its a very diversified source of wealth compared to what youd find in Silicon Valley and other parts of the United States, said Luis Navas, managing partner of Global Governance Advisors. But the Mendelsons saw greater potential in long-term ownership, so they acquired control of Hollywood-based Heico Corp., a manufacturer of aircraft replacement parts. So, Combs may indeed become a billionaire before his peers in the hip-hop music field. 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. Fort Lauderdale businessman Steve Savor sued Smith and his Air Lauderdale LLC in May 2010 over a $116,967 loan made eight months earlier to put on a 2010 air show. It's for business reasons because I have several projects under way down there. Hes up half a billion dollars since 2013 and lives on a $23-million, one-acre estate on Palm Beach, not far from Mar-a-Lago. Hes up $800 million since 2013. For Florida Trend, consulting and advisory firm Global Governance Advisors identified the 25 wealthiest people who claim Florida as their primary residence. Olenicoffs Olen Properties owns 12 apartment developments and an office project in Florida with the balance of its holdings in California, Georgia, Nevada and Arizona. The Sears stock slump has contributed to an exodus of investors from ESL. He is the chairman, president, CEO and principal shareholder of a multibillion-dollar distribution business. 13 Igor Olenicoff, 74 $3.7 billion Lighthouse Point. Four years later, in 1999, he opened Trump International Golf Club, a $40 million golf course within a seven-minute drive of Mar-a Lago. Public institutions including the Arsht Center for the Performing Arts, the New World Symphony performance hall in Miami Beach, the Frost Museum of Science, the Prez Art Museum Miami and the University of Miamis Miller School of Medicine have been made possible in part by gifts by the Arison and Miller families and individuals like Philip Frost, Prez and philanthropist Adrienne Arsht (who gave $30 million for the performing arts center, though her wallet isnt quite hefty as those on this list). | View as text Related Information Similar Players Not the Steve Savor you're looking for? The story: H. Wayne Huizenga, 76, made his fortune almost entirely from successful investments in years past, according to Forbes magazine. Frost went on to invest in a generic drug developer in South Florida named Ivax Corp. Nothing in the world can take the place of persistence. Realtors and condo developers arent the only South Floridians to benefit from these deep pockets. Frost became co-chairman of Teva shortly after its 2006 acquisition of Ivax. In the Keys, he owns restaurants. 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. The Top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year.. According to trade publication Automotive News, Braman owned the nations 27th-largest auto dealership group in 2013: His 14 dealerships last year sold about 32,000 vehicles and collected $1.68 billion in total revenue. Ross influence ties, in a way, to Miamis condo skyline. Where he lives: Indian Creek Island (seasonal). Another wealth indicator: Coincidental to the Trump-Clinton weekend visit in February, New York private equity firm head Stephen Schwarzman, of the Blackstone Group, threw himself a 70th birthday party at his Palm Beach estate that featured two camels, a gondolier, a fireworks show, Gwen Stefani flying in to sing him Happy Birthday and 400 guests all for a tab the New York Times estimated at $7 million to $9 million. Building on a successful business is a simpler, lower risk idea than starting from scratch, Nahmad said in an email exchange. Davis has an impressive net worth, and you might be wondering if the former professional snooker player is the richest. Make a one-time donation today for as little as $1. South Florida has played a huge role in my life and career and what Ive been able to accomplish, he said. By June 2011, the condo units in the third tower that Prez retained were nearly sold out. Balbirer says high net worth individuals, advised by accountants or lawyers, establish residency properly. Trump converted Mar-a-Lago into a private social club in 1995. Whats happened now is a whole different, almost sport, where people are getting into real estate in a very strong way and understanding it as a business opportunity, not just a place to live, or a second home, said Hertzberg, who markets herself as part of a team called The Jills with another Coldwell Banker agent, Jill Eber. He called the election for Trump in October, telling CNBC, I wouldnt give 2 cents for what the New York Times says about this election. spotify cover size converter. Steve and Wife Kathy Gerrity's Children. He is the majority owner of the Miami Dolphins and Hard Rock Stadium. 5 Steve-O - $4 Million Despite being one of the more famous names from the original guys on Jackass, Steve-O is estimated to have a total asset value of about $4 million. 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. Micky Arison, Miami Heat owner and Carnival Cruises CEO has the biggest moneybags in Miami with a net worth of $4.2 billion. The story: Edward S. Lampert, 52, founded the hedge fund company bearing his initials in 1988. She was built to Unknown classification society rules. Eve Jobs, daughter of the Apple founder, rode the same week. 5 Jeff Bezos is a Miami-Dade high school grad. 8 $39.5 million 321 Ocean Drive, Miami Beach. Thats about par for him; though hes Floridas richest resident, he ranks 32nd nationally. That was enough, he said. How he made his money: Built the frozen food products business his father started. Although the standard of living in other countries will improve and thereby raise the cost of labor there, they will always be able to do it less expensively. Miami's independent source of Rich then started and staffed the companys first marketing department. and Netflix Inc. to Forest Laboratories, Chesapeake Energy and Navistar International Corp. Live here at least 183 days a year. The name combines the first letters of Soffer, the Miami billionaire family behind Turnberry Associates, LeFrak and Miami. His larger fortune, built on his automotive parts business, has risen simlarly. Owned by Gail and James McCready. Join Facebook to connect with Steve Savor and others you may know. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. For us, its been easy to attract talent. He ceded the 49ers to his sister in 2000 and focused on the real estate side. At the bash, Jones called for people to pressure state leaders on the foundations cause. 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. 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. Eight-acre waterfront estate on Jupiter Island owned by golfer Greg Norman. He has a six-acre estate on Palm Beach. Where he lives: Indian Creek (off Miami Beach). His net worth is an estimated $26.6 billion. Ansin set Channel 7 apart in other ways as well, notably his 1989 decision to run WSVN as an independent station after losing his affiliation with the NBC network and refusing to sell the station as part of a conditional deal to affiliate Channel 7 with the CBS network. Advances in communications technology have enabled more wealthy business owners to run their companies remotely from South Florida. 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. This recovery is just now getting us back to that level of starts, Miller said on the call. 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. He owns an investment firm. You can find more information on an imate by visiting the county's arrest inquiry page or by calling 954-831-5900. Mendelson would advise someone starting out in business to do what you enjoy doing and focus hard. He also said in an email exchange to focus on more than money, just do a good job and remember that your customer must get good value, respect and quality products., The chairman of Heico also said that Heicos South Florida home has contributed to its success: South Florida is a great source of quality life and fine people to work with you. Steve Miller Band. The retired chairman of mutual fund company Franklin Resources, a firm started by his father, came to Florida very late in life from California. Lampert has invested in many retail companies. Ansin earned his undergraduate degree at the Wharton School of Business and Finance. 6 Dirk Ziff, 52 $4.8 billion North Palm Beach. The next day, no doubt too early for many of Schwarzmans partygoers, young Jennifer Gates takes to the saddle as What Have You Done For Me Lately? plays over the arena speakers. 9 Terrence Pegula, 65 $4.1 billion Boca Raton. The extended Ziff family has their fathers 33-bedroom, 16-acre estate in Manalapan south of Palm Beach on the market for $195 million. 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.. His 1987 autobiography, The Art of the Deal, has sold more than 3 million copies. How he made his money: Acquired control of a Miami company that became an industry leader. Ensuing riders knock Gates down in the standings. Still, the rarified heights of the uber-wealthy may yet include more women and people of color. He was born and raised in Carbondale, Pennsylvania. Heres one way to gauge the wealth. His father brought the Miami Heat franchise to Florida in 1988, but its been Arison and his hire, Pat Riley, who made it a three-time champion. For most who made our list in 2013 but not this year, its not that they became impoverished. At one time, he owned the Miami Dolphins, the then Florida Marlins and Florida Panthers. He made it big in California betting against subprime mortgages but, now back in Florida the next Henry Flagler, the local paper dubbed him hes bought upward of $300 million in local real estate, developed a 548-unit apartment project and has sites for office, condo and hotel towers. How he made his money: Inherited a real estate fortune, diversified into broadcast television. Then he and his wife, Irma, who have been married for 58 years, moved from southeast Pennsylvania to southeast Florida in December 1969. Arison has been chairman of the board of directors at Doral-based Carnival since 1990 and a director since 1987. a condo owner with a grievance. 1:50PM. The story: Donald Trump, 68, who made much of his fortune in the New York City real estate market, has referred to Florida as his second home. In 2010, oil industry giant Royal Dutch Shell paid $4.7 billion for the assets of East Resources, including land in the so-called Marcellus Shale. Owned by Aurelio Fernandez, a retired tech executive and real estate investor, and his pediatrician wife, Berta, the bayfront, five-bedroom house was a location in the Miami Vice movie. Companies run by Braman, Arison, Stuart Miller, Edmund Ansin, Huizenga, Jorge Prez, Adriana Cisneros and others on the list collectively employ thousands of local residents. File for a homestead exemption to designate a Florida home as the primary residence. Henry sold his stake in the Marlins after he and a group of investors acquired the Boston Red Sox in February 2002. Blavatnik is a part-time resident of South Florida, with a primary residence in London, but he is likely to have a permanent impact on the redevelopment of South Beach. But as studies indicate, many are cautious about borrowing the capital required to catapult their businesses into exponential growth. 18, Chinas Wang Jianlin, touches Florida through his Kansas Citybased AMC Theatres chain and owns Tampa-based World Triathlon, the organizer of Ironman triathlons. Hes written three books on fishing and, recently, a novel. Well, he tops the chart of the richest snooker players in the world. As a result, some of the wealth fueling South Floridas Bentleys and multi-million dollar condo purchases such as privately held entrepreneurial endeavors may not be reflected on our list. ago] Height 6.02 -- Weight 190 [188 cm/86 kg] Embed Steve Savor stats! Its not just that theyre coming to live in a nice home and retire.. My philosophy has always been to constantly reinvest in your business Its something you have to do. Sean John Diddy Combs, left, No. The family patriarch now serves as co-chairman of the board of Cisneros Group with Steven Bandel, a former chief executive officer of the family business. When we started off in the car business, Cadillac was our dominant franchise. The move also signified the companys increased investment in Florida, where they have Florida Distributing, which supplies 6,000 retailers in central Florida with domestic, import and craft beers, and Pompano Beach-based wholesaler Gold Coast Beverage Distributors in south Florida, the largest beer distributor in Florida and one of the top 10 in sales nationally. Meanwhile, his net worth has doubled since our last list. There is no substitute for hard work, Arison said in an email exchange. Tenant, Stunned Pooch, Narrowly Escape Wrath of Palm Beach Gardens Tornado (VIDEO), Report: 350+ Books Banned in Florida School Districts Since Last July, Meet the Dolphins' Draft Class of 2023 and Their Former 'Phins Doppelgangers, Miami Dolphins Fan Guide to the 2023 NFL Draft, Uber, Lyft Drivers Strike at Florida Airports to Demand Livable Wages. The story: New York City native Richard LeFrak, 69, has lifted his familys real estate development business to new heights. How he made his money: Led the development of Waste Management and Blockbuster Entertainment, often via business acquisitions. Her 19th place brings $330 about what her dad earns every second he takes a breath. They opened their first restaurant in Bridgeport, Connecticut, in August 1965 and set a goal of opening 32 more by 1975. As of May 2023, Steve Young's net worth is estimated to be $200 Million. Braman bought the Philadelphia Eagles franchise of the National Football League in 1985 and sold the team in 1994. The investment side of his business is heavily involved in such shareholder activism as publicly agitating for changes in management and board governance and sometimes engaging in proxy fights to gain control of target companies. In 1984, the company began expanding abroad by opening a location in Bahrain. But she doesnt finish out of the money. Other familiar names like Wayne Huizenga, Norman Braman, and Jeff Greene also make the list. Now we sell everything from Kias to Bugattis, he said. How he made his money: High-rise condominium development. The story: Carl Icahn, 78, is a Wall Street titan with an activist approach to investing and impressive staying power. His 8,271-sq.-ft. penthouse in the Apogee South Beach covers three floors, has five bedrooms, seven baths and 13,150 square feet outdoors with a pool, movie screen, kitchen and hot tub. Prez said in an email exchange that people starting in business should pick something you love and pursue with great dedication and passion. He also said, South Florida has been absolutely essential in my growth. He continues to hold sizable equity stakes in publicly traded companies, among them Psychemedics, which tests for drug abuse through analysis of hair samples, and Swisher Hygiene, a provider of institutional and industrial cleaning chemicals and restroom cleaning and restocking services. Lenders for his Icon Brickell condo development seized two of its three towers in 2010. He never again invested in a professional team after his nine-year ownership of the Eagles. In 2007, Olenicoff pleaded guilty to falsifying his 2002 federal tax return by failing to disclose foreign bank accounts to the Internal Revenue Service. He has a $14-million waterfront home in Naples. Opko Health Inc. is another one of his Florida priorities. 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. Trade information publisher TVNewsCheck reported earlier this year that Channel 7 news audience ratings were unmatched after 20 years or so of domination in English-language news in South Florida. Tampa Bay Buccaneers owner Malcolm Glazer, No. During the first two years of Diageos alliance with Combs, the companys annual shipments of Ciroc vodka vaulted from 120,000 cases to 400,000, according to Forbes. The son of talk radios Michael Savage, Weiner is the youngest billionaire on our list. Other familiar names. How he made his money: Built and sold two drug-development companies, the first for about $575 million, the second for $7.4 billion. Ortega has been buying trophy properties in trophy cities around the globe. The child of Russian immigrants, he studied corporate finance and mathematics at Southern Cal and eventually bought a 16- unit duplex that began his vast real estate company. Lets move the business entirely, Navas says. In Palm Beach County, were in the process of building three new dealerships, he said. Steve Harvey hasn't forgotten his roots and knows the value of acquiring real estate. His net worth is an estimated $400 million That number is according to numerous sources, which is equal to the amount he paid for the team in 2004. The $4.7 billion asset sale to Royal Dutch Shell has allowed Terrence Pegula and his wife Kim Pegula to go shopping: They paid $189 million to acquire the Buffalo Sabres team in the National Hockey League in 2010, according to the Buffalo News. As these companies scale, I believe you will see increasing numbers of African Americans within South Floridas upper echelons of wealth.. His hands-on investment in Sears has produced disappointing results. In Manatee County, he has a colossal warehouse-rehearsal- monster truck garage building, purchased for $30 million in 2013 in a corporate recruitment greased with $3.3 million in state and local incentives. It was a new division of Rich Products with a new manufacturing plant in Fort Erie, Ontario, a short drive from the parent company's headquarters in Buffalo. Syntel has shared its success by running SPrayas, a volunteer-based program to educate underprivileged children in communities where the company operates. 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. If he gets his price, investor William Dunker will set a record for a Miami Beach condo. By the time Eric and Victor were in college, Mendelson had switched his investment preferences from real estate to public companies, and his sons invested along with him and suggested target companies to buy and flip for profit. The big Penn State donor has his primary residence near Boca Raton, but his heart looks northward. ESL Investments Inc. is in Bay Harbour in northeast Miami-Dade County. He contributed $40 million in cash and art to the old Miami Art Museum, now known as Prez Art Museum Miami, or PAMM, located in a new home on Biscayne Bay that opened in December 2013. The serial health care entrepreneur said he would back Hillary Clinton but ultimately told reporters that on election day he wrote in Jeb Bush. He bought the Buffalo Bills for $1.4 billion, besting suitor Donald Trump. Of the five who amassed their fortune in Florida and built companies here and employed substantial numbers of Floridians, only one did it in tourism and travel. His most recent triumph was selling the Southern Union pipeline company for $5.7 billion in 2012. In December, he paid $517 million cash for Miamis Southeast Financial Center, Floridas biggest office building. Horses on average cost $100,000, and the festival draws more than 5,000 of them. Ansin not only renamed the station but reinvented the delivery of local TV news in terms of faster pacing, grittier content and more a greater number of hours per a day devoted to local news. Communications technology and ease of travel leaves the super-wealthy at no disadvantage in conducting business remotely, especially for financial industry players. Facebook gives people the power to. He endured some big losses along the way. Perlmutters wife, Laura, was on Trumps inaugural committee. 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. The scene bespeaks sport, pageantry and money. Businesses succeed mostly because the owner, the founder, takes an interest in everything, every little detail, especially in the beginning when its a baby. He declared Florida residency the following year. The key take-away from the list is this: It requires more money gobs more to make and keep a place on the list. Steve has been performing for the last 50 years and has achieved great success through his musical career. They are young people and very knowledgeable about the product, said Frost, a former director of military aircraft contractor Northrop Grumman Corp. For people starting out in business, the important thing is what business you choose, Frost said. American actor, screenwriter, producer, martial artist, and musician Steven Seagal has an estimated net worth of $14 million dollars, as of 2022. . Hes more than doubled his money since 2013. In 2013, making the cut for the top 25 required $1.2 billion. Golisanos move to Florida from New York in 2009 presaged the coming of Tepper, Peterffy and other billionaires. Place Of Birth. Larry Page and other Google billionaires touch Florida through Googles investment in Magic Leap, an augmented reality company based in south Florida. PublicPrivate Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status 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. 10 $35.9 million 5004 N. Bay Road, Miami Beach. Johnson gives big to national causes, not so much in Florida. To charter it for a week cost the rough equivalent of four years at a private university. The worlds No. On Palm Beach, the appraised value of Peterffys home is outgunned not only by Griffins estate, but also by the homes of radios Howard Stern, ($52.5 million) and Trump, whose Mara- Lago and associated properties rank only 28th on the island. LeFrak served four years as a director of BankUnited before selling his shares in the largest South Florida-based bank. The island is the second home of magnates like David Koch, Discount Tires Bruce Halle of Phoenix and Citadel hedge funds Ken Griffin of Chicago, not to mention Estee Lauder and Cox heirs, buyout maven Henry Kravis, Patriots owner Robert Kraft, casino owner Steve Wynn and, of course, the president of the United States. His fortune is up $200 million in four years. In 1972, he acquired a controlling interest in Coconut Grove-based Watsco Inc. from its founder, William Wagner. Some of the newer money in town is coming from such investment professionals as Carl Icahn, the richest billionaire with a South Florida home, which he bought in 1997. In Mel Brooks 1976 film, Silent Movie, the slogan of the giant corporation, Engulf & Devour, was our fingers are in everything. The worlds billionaires have their fingers throughout Florida, a testament to the states attractiveness but also to the reality that when you have billions to deploy, it has to go somewhere. Its developments include adjacent Vero Beach golf resorts Grand Harbor and Oak Harbor. He also developed a golf course in northern Palm Beach County called Trump National Jupiter. Fracking is an emergent technology that involves high-speed injections of fluids and other materials that stimulate oil and gas flow from shale rock formations by creating fractures within them. Arisons net worth could take a dip even if Carnival stock remains buoyant.
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