A two-minute walk away, Steve Jobs widow Laurene Powell Jobs bought a $15-million ranch. 15 Jeff Greene, 62 $3.3 billion Palm Beach. Access has corporate offices in New York, Moscow and London. 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. A milestone in the development of Cisneros Group was its 1960 acquisition of a television channel that ultimately became Venevision, the leading national TV network in Venezuela. He has been chairman and CEO and a major shareholder of the Miami-based public company since 2007. Where he lives: Indian Creek Island (seasonal). The latest edition of the Forbes 400 is out, and 21 of the most filthy rich scions in America call humble little South Florida their primary home. Although Rockstar plays third fiddle to Monster and Red Bull in the energy drink game, its made him plenty. The self-made Huizenga has been quieter in recent years. LeFrak served four years as a director of BankUnited before selling his shares in the largest South Florida-based bank. He had six companies on the NYSE and is the only person to found three Fortune 500 companies. He founded Las Vegas-based beverage company Rockstar Energy in 2002. Trump converted Mar-a-Lago into a private social club in 1995. His most recent triumph was selling the Southern Union pipeline company for $5.7 billion in 2012. 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. 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. The circus elephants, already retired,live as North Americas largest elephant herd at his conservation center in Polk County. When a billionaire New Yorker profits from home ownership in South Florida, he goes back and tells two other big boys, who tell two others, and all of a sudden you've got a whole world of people like that here., Its the same thing with people from South America: A group will come in, and then another group will come in and say, its safe, its wonderful, its a good place to put your kids in school, and, by the way, I made money there, Hertzberg said. The chewing gum heir turned a stalled family business into a growth company, then in 2008 sold it to Mars for $23 billion. The companys stock has been trading in the high $30s lately, well above its sub-$30 stumble right after the deadly shipwreck off Italy. The co-founders in 1968 to put the Subway brand name on their restaurants. Many of these 25 success stories are familiar to the South Florida public, including longtime locals Miami Heat owner Micky Arison, the CEO of cruise giant Carnival; serial entrepreneur H. Wayne Huizenga; and activist and auto dealer Norman Braman. 8 $39.5 million 321 Ocean Drive, Miami Beach. How he made his money: Led the development of Waste Management and Blockbuster Entertainment, often via business acquisitions. You have to show up all the time. As of April 2023, Steve enjoys a net worth of approximately $10 million. 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. He hasnt even publicly acknowledged being the buyer. According to The New York Times, Jobs considered himself a "technology leader . His fortune is up $200 million in four years. One was a company acquirer and builder. We have two other players with similar names. Franklin was managing $846 billion of assets just before Johnson retired. 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. 19, with a net worth of $41.2 billion (up from 2018). Communications technology and ease of travel leaves the super-wealthy at no disadvantage in conducting business remotely, especially for financial industry players. 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. The Wall Street Journal reported that the Faena District will cover a six-block area and will encompass a hotel, retail center, arts center and an 18-story oceanfront condominium, called Faena House, with unit prices up to $50 million for the 14,000-square-foot penthouse. The Steve Harvey Morning Show and his work with the Marjorie Harvey Foundation have ensured his continued presence in the public consciousness. The urban corridor from southern Palm Beach County to the Florida Keys is home, at least part time, to 19 billionaires and six millionaires with an estimated net worth of $200 million or more. Stan Lee gets the Marvel movie cameos; Perlmutter gets rich while staying reclusive. Nothing in the world can take the place of persistence. Formed in 1987, his Icahn Enterprises, L.P., (IEP: NASDAQ) is a diversified owner of big blocks of stock in public companies ranging from Apple Inc., eBay in. The law firm of Weiss Serota Helfman Cole & Bierman in Miami has named Sonja Chaves chief operating officer. 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. 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. local news and culture, Kyle Munzenrieder No hurricanes blew and Buffett did well. 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. 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. Some state leaders complained Buffett would make out like a bandit, but others counseled the state needed the insurance. 14 Phil Frost, 80 $3.6 billion Star Island, Miami. Neither Florida Trend nor Forbes magazine found a billionaire Floridian in Jacksonville or Orlando. I owe all to the openness of this community and the generosity and acceptance of the people that live here.. The extended Ziff family has their fathers 33-bedroom, 16-acre estate in Manalapan south of Palm Beach on the market for $195 million. Im certainly seeing in my practice more and more businesspeople saying, I love the life in Florida. He's 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. Generally speaking, the market has continued a slow and steady recovery that is markedly different from past down-cycle recoveries. 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. His biggest splash in Florida came last year in the Big Bend area, where he bought what is said to be the largest contiguous undeveloped property east of the Mississippi more than a half-million acres in five counties, including more than half of Taylor County [Floridas Newest Land Baron, February, FloridaTrend.com]. Results are based on publicly trackable sources of wealth, such as ownership in public companies. Syntel has shared its success by running SPrayas, a volunteer-based program to educate underprivileged children in communities where the company operates. Check BackgroundGet Contact InfoThis Is Me - Edit Reputation & Background View All This section can be locked, requiring permission to view. 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 first building block of our distribution business was a company acquired 25 years ago, located in Deerfield Beach, Nahmad said via email. Persistence and determination alone are omnipotent.. Sean John Diddy Combs, left, No. Her 19th place brings $330 about what her dad earns every second he takes a breath. The value of the franchise, however, has more than doubled since he bought it. Hes up $600 million since 2013. With the founders son Gustavo at the helm, Cisneros Group grew to become one of the largest privately held media and entertainment conglomerates. The rankings have been disrupted by the arrival of new, very big money. He gave $1 million in 2016 to Baptist Health in Jacksonville. Huizega said in an email exchange that he advises people starting their own business to surround yourself with great people. Miller was cautious in assessing Lennars prospects on the companys Sept. 17 conference call with analysts to discuss second-quarter financial results. Its not just that theyre coming to live in a nice home and retire.. 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. I like the people [at Drone]. Where he lives: Indian Creek (off Miami Beach). Salary: $45 Million. Opko is doing extremely well, Frost said in the Sept. 8 phone interview. LeFrak also invested in the remains of the former Corus Bank of Chicago, which counted many South Florida developers among its loan clients before the crash. Steve Savard has an estimated net worth ranging from $300,000 to $700,000 as of 2021. Tampa Bay Buccaneers owner Malcolm Glazer, No. For most who made our list in 2013 but not this year, its not that they became impoverished. It includes a cluster of apartment buildings in Broward and Palm Beach counties. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. He supports local causes, and Arthrex is known in southwest Florida for supporting the considerable volunteerism of its employees. It was news internationally in late 2016 when the first public photograph of him in 35 years was taken in Palm Beach. 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. 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. Rich is nearly the quintessential Keys transplant. He has a home on Indian Creek Island in northeast Miami-Dade County. 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. For us, its been easy to attract talent. . The CEO of Watsco advises someone starting out in business to consider financing the acquisition of a successful company. Today, it takes $2.6 billion. Its a great place to live. The story: New York City native Richard LeFrak, 69, has lifted his familys real estate development business to new heights. The worlds No. 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. 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. He is a white, non hispanic male registered to vote in Broward County, Florida. 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 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. He and his wife, Constance Fernandez, have five children. Ross influence ties, in a way, to Miamis condo skyline. A $1 rise in RJFs stock is a $14.7 million gain for James.) It's a peep into the future, and its a unique crystal ball.. 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. How reclusive? There is no substitute for hard work, Arison said in an email exchange. Talent will not; nothing is more common than unsuccessful men with talent. To be successful requires huge effort. Waneks impact on Florida, though, aside from furniture stores, is scant. So youve got to love what you do, and if you dont, try something else.. He retired from football during the 1999 season. The publicly traded company managed $941 billion in assets as of June 30, 2022. 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. vtskeersttning resorb. Ansin learned how to manage money and his father made plenty to manage. The fabulous weather, wonderful amenities and sense of community allowed us to recruit and retain great people, he said. 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. 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. 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. In Florida, it has the W South Beach Hotel on Miami Beach and, in West Palm Beach, CityPlace, which he has described as not a huge success financially. Of the billionaires who officially reside in Florida, most seem to do little more here than own a home, dock a boat and escape state income and inheritance taxes elsewhere. Dennis Taylor is the third richest snooker player with a net worth of $23.2 million. Forbes magazine ranked Syntel 15th in its 2012 list of America's 200 Best Small Companies. Syntels net income last year was $219 million, up 85 percent from $118 million in 2009. The story: Albert H. Nahmad leads not just a company but an industry. Steve Stevens Net Worth. 21, has parlayed an entertainment career into a clothing brand, cable TV venture and marketing venture. 19 Edward DeBartolo Jr., 70 $2.9 billion Tampa. You really have to be devoted to it.. 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. Today the privately held Subway chain based in Milford, Connecticut, has more than 37,000 locations worldwide. 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. Florida offers them favorable tax treatment that their respective home states, Connecticut and New Jersey, didnt, Navas says. And thats what happens in society when we dont stand for principles., Braman said people starting in business today should make protection of their reputation their top priority: When you start out in life, the most precious thing you have is your name, and you just want to make sure, whatever your choices are, to value that more than anything else.. Rich then started and staffed the companys first marketing department. 1 Thomas Peterffy, 72 $15.2 billion Palm Beach, A Hungarian immigrant who made his mint as a pioneer in electronic and online stock trading, Peterffy moved to Florida in 2015. In a couple of hours, in the main arena, Georgina Bloomberg, daughter of billionaire and former New York Mayor Michael Bloomberg, will compete against Jessica Springsteen, Bruces daughter, and others. Mr. He has a concentrated equity investment style, making big bets on relatively few stocks that most investors avoid. The story: In 1965, Fred DeLuca, now 67, was a teenager who wanted to become a doctor and was searching for a way to help pay for college. The performance of Henrys commodities trading firm lagged in the aftermath of the global financial panic of 2008, according to the Reuters news service, and he closed the Boca Raton-based firm, John W. Henry & Co. Inc., in 2012. The founder's son first made a name for himself in sports. Now Henry is well into his second career as a team owner in professional sports. Micky Arison, Miami Heat owner and Carnival Cruises CEO has the biggest moneybags in Miami with a net worth of $4.2 billion. Arison remains chairman. ). For example, ESL is a major shareholder of Fort Lauderdale-based AutoNation Inc., the nation's largest automotive retailer. 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.