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. Owned by Gail and James McCready. 9 $39 million 400 S. Mashta, Key Biscayne. Arison remains chairman. The other unit is directly below. People going into business today should pick a business or career that cannot be shipped abroad or purchased abroad, Olenicoff said in an email exchange. Having billionaires as neighbors might not be quite as good as being one, but it does have its benefits. But she doesnt finish out of the money. Other acquisitions followed: Carnival Corp. is the holding company for Carnival Cruise Lines and many other cruise lines including Holland America Line, P&O Cruises, Princess Cruises, Cunard and Costa Cruises. In Naples, he has a $9-million penthouse at the waterfront Regent. 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. Theres a growing trend where people spend six months and a day in Florida and maybe the balance [of the year] elsewhere, maybe California or Manhattan, to qualify as Florida residents for tax purposes, Navas said. The state has always attracted the well-heeled. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. It employs 2,510 in southwest Florida and 3,661 globally. Today the privately held Subway chain based in Milford, Connecticut, has more than 37,000 locations worldwide. Persistence and determination alone are omnipotent.. Other familiar names like Wayne Huizenga, Norman Braman, and Jeff Greene also make the list. Berkowitz earned a bachelor of arts degree in economics from the University of Massachusetts in 1980. That makes him the 75th richest man in America. In four years, hes up nearly $2 billion in net worth. He has talked of turning over the business to sons Jon Paul and Nicholas. Arisons father, Carnival founder Ted Arison, died at age 75 in Tel Aviv in October 1999. Steve Jobs would have a billion-dollar net worth if he were alive today Credit: Getty Images - Getty. 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. 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. Arisons net worth could take a dip even if Carnival stock remains buoyant. Trump began his career by working in the construction business with his father, Fred C. Trump, with whom he shared an office in the Sheepshead Bay section of Brooklyn. In 1996, he founded Boca Resorts. 15 Jeff Greene, 62 $3.3 billion Palm Beach. The story: Robert E. Rich Jr., 73, followed in his fathers footsteps and built the family business with a focus in frozen food products. States up north will have a hard time going after someone for income tax who does all that. The company is a . He declared Florida residency the following year. The story: Gustavo Cisneros, 69, was only 23 years old in the late 1960s when he took over the leadership of a diversified Venezuelan family business in that his father, Diego Cisneros, had founded. The young rider in a black jacket and white pants is Jennifer Gates, daughter of the worlds richest man. The fabulous weather, wonderful amenities and sense of community allowed us to recruit and retain great people, he said. The billionaire has collected more than $5 billion from a combination of stock sales, dividends and compensation. The home of Floridas richest man, Peterffy, the fairly recent transplant from Connecticut, isnt even the most expensive in Palm Beach, according to a list of the highest-taxed residential properties compiled by the Palm Beach Daily News, the Shiny Sheet that chronicles island life and news. Lets move the business entirely, Navas says. His firm has an office in Palm Beach but its headquarters remains in Connecticut. September 22, 2011 I have seen the transition and the maturation of the Miami market. Born to Cuban parents in Argentina, hes self-made and made-in-Florida, first developing government-supported housing before switching to luxury condos.He purchased a unit in a Fort Lauderdale condo he developed, Auberge Beach Residences & Spa, for use as his beach pad. The story: Philadelphia native Norman Braman, 82, co-founded a vitamin retailer and merged it with another company in 1967. Micky Arison, Miami Heat owner and Carnival Cruises CEO has the biggest moneybags in Miami with a net worth of $4.2 billion. Golisano, the founder of Paychex, said at the time the move would save him $13,800 a day. 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. At the time, Weiner offered it for charter. The operations side of Icahn Enterprises runs businesses in myriad industries. He is chairman of the board of the St. Joe Company, a publicly held Florida-based real estate developer. One did it in real estate. Net Worth. Richard LeFrak, who joined the LeFrak Organization in 1968 and became its president in 1975, was appointed chairman and chief executive officer in 2003. The 10-bed, 10-bath home, owned by Marco Iacovelli, founder of auto-parts company Rally Manufacturing, sits at the northern tip of Star Island, longtime home to some of Floridas top business leaders and celebrities, including Emilio and Gloria Estefan. The story: Edmund Ansin, 78, inherited a fortune in real estate and boldly built a television broadcasting business atop it. His portfolio in both film and TV is much more extensive than that of his colleagues, though. To charter it for a week cost the rough equivalent of four years at a private university. Steve Savard KOLR-TV KOLR, channel 10, is a CBS-affiliated television station licensed to Springfield, Missouri, United States. The story: H. Wayne Huizenga, 76, made his fortune almost entirely from successful investments in years past, according to Forbes magazine. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. Adriana Cisneros, daughter of Gustavo Cisneros, replaced Bandel as CEO last year. It has 1,200 feet of beach frontage, 1,300 feet on the Intracoastal and a furnished, air-conditioned tunnel running under A1A connecting the main house to guest houses. South Florida has played a huge role in my life and career and what Ive been able to accomplish, he said. It hasnt dented his account. As of April 2023, It has allowed him to earn almost $50 million net worth. Ansin learned how to manage money and his father made plenty to manage. My wife and I have been coming to Florida periodically all our lives, and in 2012, we became permanent residents, Johnson said in an email exchange. How he made his money: Acquired control of a Miami company that became an industry leader. This has been coming for a long time and why I selected real estate some 40 years ago. He sold the Buffalo Sabres to fellow Florida billionaire Terrence Pegula. The Ziff family owns the 33-bedroom, 16-acre estate south of Palm Beach. The companys stock has been trading in the high $30s lately, well above its sub-$30 stumble right after the deadly shipwreck off Italy. 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. At one time, he owned the Miami Dolphins, the then Florida Marlins and Florida Panthers. For us, its been easy to attract talent. 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. 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. Milwaukee, Wisconsin, United States. His hands-on investment in Sears has produced disappointing results. After the Mendelsons settled into a then-unincorporated Pinecrest community in southeastern Miami-Dade County, Laurans became a successful real estate investor and developer and got his sons Eric and Victor involved in the property business. Johnson is the largest owner of the San Francisco Giants, which were contemplating a move to Florida in the early 1990s until he joined a Bay area ownership group to block the move. 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. But Trump rarely seems to be vacationing in South Florida, where he has been an active real estate developer and redeveloper. and Netflix Inc. to Forest Laboratories, Chesapeake Energy and Navistar International Corp. Oh, how the University of Florida wishes Ross hadnt transferred as a student to the University of Michigan. How he made his money: Led the development of Waste Management and Blockbuster Entertainment, often via business acquisitions. Ensuing riders knock Gates down in the standings. One issue: Pay inequity between genders. Reyes Martin- Brower unit is McDonalds largest food supplier. Our labor will continue to go up; our technological superiority gap will continue to narrow with other countries, particularly China and Russia. Huizenga put his money behind another waste hauling company, Republic Services, which diversified into auto dealership acquisitions, then changed its name to AutoNation in 1999 and subsequently sold its waste-hauling business. Former Monsanto executive Arnold Donald became the first non-Arison to lead the company and made Carnival the largest company in Florida headed by an African-American. From 2006 to 2013, she lived in New York and built a niche in the family business by developing its digital media operations, a field of increasing focus at Cisneros Group. I owe all to the openness of this community and the generosity and acceptance of the people that live here.. The five-bedroom, five-bath unit has 8,273 square feet and a roof deck with an outdoor pool. In Palm Beach County, were in the process of building three new dealerships, he said. 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 Florida Trend, consulting and advisory firm Global Governance Advisors identified the 25 wealthiest people who claim Florida as their primary residence. Y., family business, founded on non-dairy whipped topping and Coffee Rich, into an operation that employs 12,000. 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. The magazine estimated that the value of Combs deal with Diageo is in the mid- to low-nine-figures, while the rest of his business interests, including his record label Bad Boy Records, have a cumulative value of about $100 million. Steve has made his net worth from his primary career as a songwriter, musician, guitarist as well as being a Film Score Composer. Henry sold his stake in the Marlins after he and a group of investors acquired the Boston Red Sox in February 2002. To be successful requires huge effort. Bloomberg News reported in June that Lampert distributed $393 million of AutoNation shares to cover investment redemptions by ESL clients. The big Penn State donor has his primary residence near Boca Raton, but his heart looks northward. Full Name. In 1972, he acquired a controlling interest in Coconut Grove-based Watsco Inc. from its founder, William Wagner. 7 $43 million 3085 Munroe Drive Coconut Grove, Miami. 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. Carl Icahn, 80 $16.9 billion, Indian Creek Village. Steven Smith Net worth $23 million & he is the current captain of Australia. Steven's net worth hovers over $100,000 - $249,999 with a yearly income that's about $70 - 79,999. The Best Buy founder has a foundation that last year gave $10 million to the American Cancer Society and is very active in his native Minnesota. But a score of others also ride fault-free. 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. Do not reach for your potential. Despite their diverse sources of wealth, the 25 wealthiest South Florida residents are undiversified in two other ways: gender all are men and race. The worlds No. 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. Initially, he was a sports anchor before transitioning to news reporting in February 2013. For most who made our list in 2013 but not this year, its not that they became impoverished. May 28, 2022 | smart planlsning fjllstuga | stamcellsbehandling rygg As of 2022, Steve Savoca's net worth is $100,000 - $1M. Stephen Ross, 76 $7.4 billion, Palm Beach. The son of talk radios Michael Savage, Weiner is the youngest billionaire on our list. He is the majority owner of the Miami Dolphins and Hard Rock Stadium. 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. Following are biographical summaries for each of South Floridas wealthiest 25 residents, including how they made their fortunes. LeFrak now has a second home in Miami Beach and two Miami-area real estate projects under way: renovation of the Gansevoort hotel in Miami Beach in partnership with Starwood Capital and resuscitation of an aborted North Miami development previously known as Biscayne Landing. frsvunna mattias flashback; trailerdragare till salu. The company went public in 1987, raising $400million for expansion, and by 1989, Arison had engineered Carnivals acquisition of Holland America Line. 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. 5, died in 2014. 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. Quintessential in that he moved to the Keys from a cold climate, discovered a love of fishing and now tells fishing stories. Lenders for his Icon Brickell condo development seized two of its three towers in 2010. For Huizenga, it all started with a garbage truck. The majority of students attend on financial aid. The company provided IT services to 120 customers last year in the United States and Europe, including American Express and State Street Bank, its two largest customers in 2013. Were told there are more quiet billionaires in Naples than is publicly known. 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. How he made his money: Built the frozen food products business his father started. He never again invested in a professional team after his nine-year ownership of the Eagles. Enough is enough. The story: Albert H. Nahmad leads not just a company but an industry. . Born in the U.S. to German immigrants, he started his independent business life in Germany before coming to Florida and building Arthrex, one of the worlds leading orthopedic surgical instrument and supply companies [Rein-Gold, August 2016, FloridaTrend.com]. It has all the necessary ingredients to continue along its success path.. 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). Who Is Steve Savard He is an American radio personality presently working at KOLR10 news as the Lead Anchor since joining the network on May 14, 2021. Dennis Taylor is the third richest snooker player with a net worth of $23.2 million. Dirk and his brothers started with the Ziff-Davis publishing fortune built by 6 their father. The story: Edward S. Lampert, 52, founded the hedge fund company bearing his initials in 1988. He currently is chairman of the Sears Holding Corp., the parent company of the Sears chain of department stores, and has served as chief executive officer of Sears since February 2013. In 2014, they opened a 16,000-sq.- ft. Headquarters office in West Palm Beach, close to the brothers Florida homes. In 1984, the company began expanding abroad by opening a location in Bahrain. While large corporations provide a ladder for at least some women to higher and higher management positions, compensation is limited at most corporations, and many fast-track female executives are constantly being promoted at lower pay scales within the range, Shaffer said. The New York Times reported that Henry and his investor group paid $660 million for the Red Sox. 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. As Global Governance senior partner Luis Navas notes, many on the list are self-made. 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. Im certainly seeing in my practice more and more businesspeople saying, I love the life in Florida. The same thing has happened with Russians, but unfortunately their political situation has made it more difficult for them to come in now.. 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. He also bought the Buffalo Sabres for $189 million and developed a hockey mecca real estate project in downtown Buffalo, where his daughters recently opened a restaurant. The value of the franchise, however, has more than doubled since he bought it. Miller was cautious in assessing Lennars prospects on the companys Sept. 17 conference call with analysts to discuss second-quarter financial results. Mr. Steve Savard has an estimated net worth ranging from $300,000 to $700,000 as of 2021. Over the years, Braman Motors has added not only new locations but also new brands to its automotive product line. 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. He bought the Buffalo Bills for $1.4 billion, besting suitor Donald Trump. Neither Florida Trend nor Forbes magazine found a billionaire Floridian in Jacksonville or Orlando. Source: Fairholme Capital Management, LLC. Rich is nearly the quintessential Keys transplant. Living in Florida has been like having a free look at tomorrows stock prices. Besides, he has engaged himself with other activities like piloting. His Related Group is separate from New York-based Stephen Ross Related Cos., though they each have an ownership stake in the other. When we started off in the car business, Cadillac was our dominant franchise. 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. Steve's scramble with the Minnesota Vikings in 1988 became a feature in a Burger King commercial in 2006. I am now a huge enthusiast for South Florida, LeFrak said. He has a $14-million waterfront home in Naples. She immediately rides a jumpoff, again without flaw, but her time leaves her in 13th. Florida has no state income tax, let alone a surcharge for being a multi-millionaire, nor does it have county or city income taxes or a state inheritance tax. 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. The state also offers sumptuous housing, lifestyle and, depending on the activity witness Jennifer Gates world-class facilities and events. Trump became a periodic Palm Beach resident after his 1985 purchase of Mar-a-Lago, the historic estate once owned by cereal heiress Marjorie Merriweather Post and investment icon E.F. Hutton. His fortune has increased $400 million since 2013. Net Worth: $200 Million. Hes up $600 million since 2013. 19, with a net worth of $41.2 billion (up from 2018). Lots and lots of money. Its real estate subsidiary New Valley LLC owns a majority of high-end residential property agency Douglas Elliman. 5 $55 million 382 S. Beach Road, Hobe Sound. independent local journalism in Miami. As the hundreds of riders in Wellington demonstrate, Florida as wealth magnet draws far more than the 0.0001% (of the states population) who made our top 25 list. 5 Charles Johnson, 84 $5.7 billion Palm Beach. At the bash, Jones called for people to pressure state leaders on the foundations cause. Steve Harvey is a well-known stand-up comedian and game show host, who also has a hand in writing, producing, and film acting. The group encompasses a mix of business interests ranging from telecommunications, television production and broadcast television to consumer goods, resort properties and a 6,000-acre real estate investment in the Dominican Republic. Prez also has an interest in Ross Dolphins, of which hes vice chairman. Subway founder Fred DeLuca, our No. Miller also served as president of Lennar from 1997 to 2011. He would miss the top five today. He supports local causes, and Arthrex is known in southwest Florida for supporting the considerable volunteerism of its employees. More than just a winter home for the rich-and-retired set, South Florida also has become a principal residence for wealthy people who are still in their earning years, said Teresa Weintraub of Fiduciary Trust International of the South, which manages money for wealthy entrepreneurs and families from the U.S., and Latin Americans with U.S. business interests. It's for business reasons because I have several projects under way down there. Huizenga also has been a successful real estate investor.
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