That makes him the 75th richest man in America. 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. 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. According to Forbes magazine, Olenicoff has been preparing his daughter Natalia Ostensen to take over the management of Olen Properties. He has a concentrated equity investment style, making big bets on relatively few stocks that most investors avoid. Quintessential with this exception: He built the Buffalo,N. His net worth increased $700 million since 2013. May 28, 2022 | smart planlsning fjllstuga | stamcellsbehandling rygg As of 2022, Steve Savoca's net worth is $100,000 - $1M. 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. By January 2004, Trump had a deal with the NBC Television Network to produce and star in the reality TV show The Apprentice. He and his wife, Constance Fernandez, have five children. Today the privately held Subway chain based in Milford, Connecticut, has more than 37,000 locations worldwide. Steve Harvey is a well-known stand-up comedian and game show host, who also has a hand in writing, producing, and film acting. ago] Height 6.02 -- Weight 190 [188 cm/86 kg] Embed Steve Savor stats! 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. The scene bespeaks sport, pageantry and money. USA Today reported in May that DeLuca had resumed his work schedule at Subway after treatment for leukemia, including chemotherapy and a bone marrow transplant. The Spring-steens have a place, as do the Bloombergs and throngs of less well known but well-off others. In recent years, he got tangled in some twisted litigation in Florida over what else? 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. Russia-born, Harvard- educated Blavatnik resides in London and New York, but in Miami he has invested with Argentine developer Alan Faena on Faenas Miami Beach arts district, a block including the ultra-luxe Faena Hotel, a condo tower with a $60-million double penthouse bought by Chicago hedge fund head Ken Griffin and since relisted for $73 million and other spaces public and private. The story: Stuart A. Miller, 56, is still trying to put a near-depression in the housing market behind him and his home building company, Miami-based Lennar Corp. Miller has been a director of the company since 1990. Source: ESL Investments, Inc. How he made his money: Hedge fund management. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. Thats a half a billion dollars on the hoof. When we started off in the car business, Cadillac was our dominant franchise. Trump converted Mar-a-Lago into a private social club in 1995. 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. Its a great place to live. He has been chairman and CEO and a major shareholder of the Miami-based public company since 2007. 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. Born and raised in Panama, Nahmad relocated to the United States in 1958 to attend the University of New Mexico and settled in South Florida in 1973, where he has been a full-time resident since. In 1989, the company made a successful switch from manufacturing to distribution. He sold the Buffalo Sabres to fellow Florida billionaire Terrence Pegula. Hes up $1.6 billion in four years. In Tampa, the real estate firm head gives to local causes, including supporting the Brooks-DeBartolo Collegiate High School. Steve Miller Band. He has talked of turning over the business to sons Jon Paul and Nicholas. He was a good friend, and I agreed to take on the responsibility for a certain time, and it has now gone beyond the time I had anticipated, and with my other activities here in Florida, I could be more focused.. 2. The Yale alum, for instance, gave $250 million to the university in 2013 to build two residential colleges there. Berkshire Hathaways fingers reach a wealth of places in Florida: Paint supplies, real estate brokerage, entertainment organizations, auto dealers, distributors and others. Source: Franklin Resources Inc. (NYSE:BENO). Balbirer says high net worth individuals, advised by accountants or lawyers, establish residency properly. Opko Health Inc. is another one of his Florida priorities. The rankings have been disrupted by the arrival of new, very big money. 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. Florida offers quality of life, cost-effectiveness and good weather, Navas says. The story: Bruce R. Berkowitz, 56, is the founder, managing member and chief investment officer of Fairholme Capital Management. Weve got to stop it. , 8 Reinhold Schmieding, 62 $4.1 billion, Naples. 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. The retired chairman of mutual fund company Franklin Resources, a firm started by his father, came to Florida very late in life from California. Real-time updates and all local stories you want right in the palm of your hand. This is a new drug for the prevention of nausea and vomiting associated with cancer chemotherapy, and it has a good possibility to be the best product in the market, since a single tablet is enough to protect the patient for five days., But the billionaire doctor's investments range well beyond healthcare. Miller also served as president of Lennar from 1997 to 2011. The wonder is that more rich people dont move here. 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. The activist shareholders neighbors include hedge-fund manager Eddie Lampert, retired Dolphins coach Don Shula and car dealer Norman Braman. The home is owned by developers and builders Chicken Kitchen founder Christian De Berdouare and his TV journalist wife, Jennifer Valoppi, who live nearby. Now Henry is well into his second career as a team owner in professional sports. Huizenga also invested in three professional sport franchises: He paid $95 million in 1991 to acquire the Florida Marlins baseball team, $50 million in 1992 for the Florida Panthers hockey team, and about $140 million in 1994 for majority ownership of the Miami Dolphins football team. Johnson gives big to national causes, not so much in Florida. It was news internationally in late 2016 when the first public photograph of him in 35 years was taken in Palm Beach. Although Prez has restructured Related Group to make it less reliant on condominium projects, he has hardly abandoned the condo market. The state has always attracted the well-heeled. How he made his money: Investment management. Arison has been chairman of the board of directors at Doral-based Carnival since 1990 and a director since 1987. LVMH Moet Hennessy-Louis Vuitton, chaired by the 14th-ranked world billionaire, Bernard Arnault, played a critical role in the transformation of the rundown Miami Design District into a Louis Vuitton, Prada, Cartier, Harry Winston, ultra-luxe shopping area set to blossom even more this year. 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. 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. In 2005, he unveiled his personally branded line of mens apparel and accessories, the Donald J. Trump Signature Collection, and in 2012, he launched his own fragrance, Success by Trump., Anyone starting out in business today should make sure you are doing something that you love, Trump said in an email exchange. Prez and Ross developed City Place, a mixed-use downtown landmark in West Palm Beach. Owned by private equity head and former CEO of Russias Gazprom-Media Boris Jordan and his wife, Elizabeth, the four-bedroom penthouse has a dining table that fits 40. Thats why we headquartered our companies here and that, in turn, is why we were successful.. 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 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. The doctor and health care entrepreneur is also among the few on our list whos self-made and who made his money in Florida. 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. 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. 16 George Lindemann, 80 $3.3 billion Palm Beach. In December, he paid $517 million cash for Miamis Southeast Financial Center, Floridas biggest office building. You really have to be devoted to it.. By June 2011, the condo units in the third tower that Prez retained were nearly sold out. Steve and Kathy have three children altogether. This year, one bidder dropped $480,000 at auction for a 2017 McLaren 570 GT, and two bidders put down a combined $600,000 for a weeks vacation on Malcolm Forbes former yacht. 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. Dunker bought it for $16.5 million in 2008. Arisons father, Carnival founder Ted Arison, died at age 75 in Tel Aviv in October 1999. He is the chairman, president, CEO and principal shareholder of a multibillion-dollar distribution business. The second generation of family management proved impressive. Jobs helped usher in the era of personal computers and then led a cultural transformation in the way music, movies and mobile communications are obtained. She was built to Unknown classification society rules. With 2013 revenue of $3.7 billion, Watsco is now the largest distributor of air conditioners, and heating and refrigeration equipment in its industry. 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. The newspaper also reported that DeLuca, a Fort Lauderdale resident, spends most of his time traveling to visit Subway franchisees and has no plans to retire.. 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. 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. The self-made Huizenga has been quieter in recent years. Facebook gives people the power to. . Where he lives: Indian Creek (off Miami Beach). Do not reach for your potential. . 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. Frost went on to invest in a generic drug developer in South Florida named Ivax Corp. 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. His net worth is an estimated $26.6 billion. According to Forbes magazine, Icahn bought a 14,000-square-foot Indian Creek Island vacation home in foreclosure for $7.5 million in 1997, long before most of the wealthiest residents of the island village in northeast Miami-Dade bought homes there. Its a matter of strategy for me, Frost said. 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. How he made his money: Hip-hop music recording and production and other business activities that include promoting Ciroc vodka. How he made his money: Took over the family business his father founded and turned it into a media industry leader. How he made his money: Built and sold two drug-development companies, the first for about $575 million, the second for $7.4 billion. His net worth has increased $600 million in four years. Advances in communications technology have enabled more wealthy business owners to run their companies remotely from South Florida. The story: Albert H. Nahmad leads not just a company but an industry. The CEO of Watsco advises someone starting out in business to consider financing the acquisition of a successful company. 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. Their wealth increased in the past three or four years, but it hadnt increased as much as the wealth of others, says Peter Landers, partner at Global Governance Advisors. Desai has an MBA in finance from the University of Michigan's Stephen M. Ross School of Business, and a bachelor of technology degree in electrical engineering from the Indian Institute of Technology in Bombay, India. 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. Publicly held Syntel has more than 24,000 employees and a market capitalization of $3.7 billion. Living in Florida has been like having a free look at tomorrows stock prices. Larry Page and other Google billionaires touch Florida through Googles investment in Magic Leap, an augmented reality company based in south Florida. So youve got to love what you do, and if you dont, try something else.. 14 Phil Frost, 80 $3.6 billion Star Island, Miami. Berkowitz said in an email that he advises people getting into business that any industry they find appealing has promise. Talent will not; nothing is more common than unsuccessful men with talent. Blavatnik also has invested in Internet-based streaming music services Spotify, Deezer and Beats Music, according to Forbes magazine. 3 Micky Arison, 67 $7.9 billion Bal Harbour. It operates companies that manufacture vehicle components for automakers, that refine petroleum and produce nitrogen fertilizer, that collect scrap metal, manufacture rail cars, and operate casino and entertainment properties. Steve Savard has an estimated net worth ranging from $300,000 to $700,000 as of 2021. Carol Jenkins Barnett, daughter of Publix founder George W. Jenkins, has a reported $1.67-billion fortune. Olen operates Quantum Town Center in Boynton Beach, a 117,000-square-foot commercial building, and the Delray Commercial Center in Delray Beach. The story: New York City native Richard LeFrak, 69, has lifted his familys real estate development business to new heights. 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. 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. The companys stock has been trading in the high $30s lately, well above its sub-$30 stumble right after the deadly shipwreck off Italy. Join the New Times community and help support 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. The company is a . 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. Historically, in South Florida, wealthy blacks hailed from the professional classes bankers, lawyers and doctors. Some state leaders complained Buffett would make out like a bandit, but others counseled the state needed the insurance. 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.. You cant sit back in business; if you sit back, you fall back, Braman said in a phone interview, citing the current expansion of his flagship location just north of downtown Miami. South Florida has been wonderful to me.. Still, the rarified heights of the uber-wealthy may yet include more women and people of color. In January, Huizengas wife of nearly 45 years, Marti, passed away. The big Penn State donor has his primary residence near Boca Raton, but his heart looks northward. If you dont stand for something in life, then youll accept anything. At the time, Weiner offered it for charter. LeFrak served four years as a director of BankUnited before selling his shares in the largest South Florida-based bank. Businesses succeed mostly because the owner, the founder, takes an interest in everything, every little detail, especially in the beginning when its a baby. 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. ESL Investments Inc. is in Bay Harbour in northeast Miami-Dade County. 1 from 2013 who would rank sixth today died in 2015. Jones is a co-founder of the Everglades Foundation, a major enviro player in Florida. Icahns various Florida-related targets in recent years include WCI and Hertz. 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. 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. Obviously, they are very biased and in the Democrats pockets., 2 David Tepper, 59 $11.4 billion Miami Beach. Subway founder Fred DeLuca, our No. I owe all to the openness of this community and the generosity and acceptance of the people that live here.. 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. Natural gas fracking carried Pegula to riches. 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. The story: Igor Olenicoff, 72, has amassed a real estate empire stretching from coast to coast in the United States.
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