History would suggest a more vertical recovery, especially given the severity of the economic decline. After graduating from Scranton Preparatory School, he enrolled at Penn State University with a major in mathematics, but to stay in school he got a scholarship to enter the university's petroleum and natural gas engineering program a decision that set him on a rewarding path in the oil and gas industry. Arisons net worth could take a dip even if Carnival stock remains buoyant. The Yale alum, for instance, gave $250 million to the university in 2013 to build two residential colleges there. He paid a $52-million fine and was sentenced to probation after pleading guilty in 2007 to filing of a false tax return in connection with squirreling money away offshore. Frost became co-chairman of Teva shortly after its 2006 acquisition of Ivax. 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. Blavatnik also has invested in Internet-based streaming music services Spotify, Deezer and Beats Music, according to Forbes magazine. That makes him the 75th richest man in America. 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. He owns an investment firm. The same thing has happened with Russians, but unfortunately their political situation has made it more difficult for them to come in now.. 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. This has been coming for a long time and why I selected real estate some 40 years ago. He had six companies on the NYSE and is the only person to found three Fortune 500 companies. Net Worth: $200 Million. 24 H. Wayne Huizenga, 79 $2.6 billionFort Lauderdale. Steve Miller Band. Miamis premier condo developer, Prez is wrapping up condo projects in Florida in favor of rental housing developments and projects abroad. 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. ). He sold the Buffalo Sabres to fellow Florida billionaire Terrence Pegula. He owns three minor league baseball teams and chairs the Cleveland Clinic board. . To charter it for a week cost the rough equivalent of four years at a private university. His 161-foot yacht, the Rockstar, was damaged in 2014 when a Miami draw bridge failed as it was going under. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. Its a matter of strategy for me, Frost said. Steve's average net worth is $986,720. Carnegie Mellon named its business school after him after he donated $67 million. Ensuing riders knock Gates down in the standings. Subway founder Fred DeLuca, our No. The fabulous weather, wonderful amenities and sense of community allowed us to recruit and retain great people, he said. As of April 2023, Steve enjoys a net worth of approximately $10 million. Gustavo Cisneros began his career at Venevision. For Huizenga, it all started with a garbage truck. He also will be joining Llorente & Heckler as a partner and practicing attorney in Miami Beach. 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. The story: Micky Arison, 65, has been with the cruise company his father founded for more than 30 years. No. 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. Billionaires left behind from our 2013 list: William Koch; Eddie Lampert, the hedge fund manager whose Sears is struggling mightily; Slim-Fasts S. Daniel Abraham; construction company leader Alfred James Clark, who died; Netscape founder Jim Clark: car dealer Norman Braman [Icon, p. 16]; coal mogul Christopher Cline; and Red Sox owner John Henry. Net worth: $3.1 billion. 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. In 2006, Rich became chairman of the board of Rich Products Corp. after the death of his father, and his wife, Melinda Rich, became vice chairman. The couple bought preconstruction and listed it a few months after taking ownership. 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. 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. 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. He earlier netted $7 billion when Access Industries liquidated its share of Russian oil production venture TNK-BP, according to Forbes. Having billionaires as neighbors might not be quite as good as being one, but it does have its benefits. He is the chairman, president, CEO and principal shareholder of a multibillion-dollar distribution business. 21 J. Christopher Reyes, 63 $2.8 billion Hobe Sound, 22 M. Jude Reyes, 61 $2.8 billion Palm Beach. He took over as head of the World Surf League, a venture into which Ziff has put a reported $30 million. Meanwhile, his net worth has doubled since our last list. His YouTube channel has over three million subscribers and his videos have gathered 256 million views. He declared Florida residency the following year. 11 Isaac Perlmutter, 74 $4.0 billion Palm Beach. As a boy, the Pennsylvania native watched his father trade stocks. In Florida, he has supported Ave Maria University, whats now called the Golisano Childrens Museum of Naples and the Golisano Childrens Hospital of Southwest Florida. Forbes also reported that Blavatnik late last year made a $2.37 billion investment in Lyondell Industries that appreciated to more than $10 billion. To be successful requires huge effort. In a March 2011 article, Why Diddy Will Be Hip-Hops First Billionaire, Forbes magazine reported that Combs most lucrative asset was his 2007 agreement with Diageo, the worlds largest supplier of beverage alcohol, to promote its Ciroc vodka brand. Its a great place to live. How he made his money: Inherited a real estate fortune, diversified into broadcast television. 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. The New York Times reported that Henry and his investor group paid $660 million for the Red Sox. "I was part of the original money that recapitalized the bank," he said. 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. Trump converted Mar-a-Lago into a private social club in 1995. No. Communications technology and ease of travel leaves the super-wealthy at no disadvantage in conducting business remotely, especially for financial industry players. 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. How he made his money: Commodities trading and team ownership in professional sports. He is the majority owner of the Miami Dolphins and Hard Rock Stadium. Perlmutter, a friend of Donald Trump, was meeting at Mar-a-Lago with the then president-elect when Reuters shot a picture through a window. Although South Floridas wealthiest residents have made their money through varied businesses, nearly all have benefited from hard work and inventive approaches. The company has a portfolio of mostly residential and office properties concentrated in New York, Los Angeles and London. 210.862.1678 | | He founded Las Vegas-based beverage company Rockstar Energy in 2002. After starting in the sales department, promotions to reservations manager in 1974 and vice president of traffic in 1976 helped prepare Arison to become the president of Carnival in 1979. The company is headquartered in Coral Gables and run by CEO Adriana Cisneros, who lives in Miami Beach. In Naples, he has a $9-million penthouse at the waterfront Regent. South Florida has been wonderful to me.. 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. He has been chairman of Teva since 2010, when longtime chairman Eli Hurvitz resigned due to health problems. local news and culture, Kyle Munzenrieder Hes up $600 million since 2013. If you dont stand for something in life, then youll accept anything. 8 $39.5 million 321 Ocean Drive, Miami Beach. Micky Arison, Miami Heat owner and Carnival Cruises CEO has the biggest moneybags in Miami with a net worth of $4.2 billion. He founded Related Group in 1979 with New York developer Stephen M. Ross, now owner of the Miami Dolphins. 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.. Sears stock (NASDAQ: SHLD) recently traded around $27, well below the level of late 2013, when it topped $50. But he remains an active investor. Schmieding is among the few on our list who are entirely self-made and who made their money in Florida. Results are based on publicly trackable sources of wealth, such as ownership in public companies. As a result, some senior women then leave to become entrepreneurs. Other familiar names like Wayne Huizenga, Norman Braman, and Jeff Greene also make the list. D was inducted into the Pro Football Hall of Fame in 2016. Braman credits nonstop business reinvestment for his success in the automotive retailing industry. He raped a Miami woman on house arrest, Live blog: Dolphins add these 19 undrafted rookies after NFL Draft, including two Hurricanes, Senior-level hires and promotions for the week of Oct. 4, 2021, Senior-level hires and promotions for the week of Sept. 20, 2021, Senior-level hires and promotions for the week of Sept. 13, 2021, Senior-level hires and promotions for the week of Aug. 23, 2021, Senior-level hires and promotions for the week of Aug. 30, 2021, Senior-level hires and promotions for the week of Aug. 9, 2021. A Bureau of Prisons monitor gets his sentence. Date of Birth: Jan 17, 1957 (66 years old) Place of Birth: Welch. Milwaukee, Wisconsin, United States. She was built to Unknown classification society rules. 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. 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. Hes up $800 million since 2013. The rankings have been disrupted by the arrival of new, very big money from the likes of Interactive Brokers founder Thomas Peterffy and hedge fund manager David Tepper. He was born and raised in Carbondale, Pennsylvania. PublicPrivate Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status These incidents, including the associated negative publicity, have resulted in lower cruise ticket pricing from prior levels. His most recent triumph was selling the Southern Union pipeline company for $5.7 billion in 2012. How he made his money: Led the development of Waste Management and Blockbuster Entertainment, often via business acquisitions. He will focus his practice on advocacy, public affairs, government procurement and business startups. He gave $1 million in 2016 to Baptist Health in Jacksonville. One shared trait: Old money didnt get them there theyve kept working. His larger fortune, built on his automotive parts business, has risen simlarly. Frost was chairman of the board and a major shareholder of Key when he and Jaharis sold it to the old Schering-Plough pharmaceuticals company for about $575 million in 1986. I can only compare it to two or three other markets in the United States as a magnet for international capital and as a desirable location for people to reside in and invest in.. Steve Jobs would have a billion-dollar net worth if he were alive today Credit: Getty Images - Getty. The value of the franchise, however, has more than doubled since he bought it. One was a company acquirer and builder. Pictured is the penthouse, the higher priced of the two. 5 Charles Johnson, 84 $5.7 billion Palm Beach. How he made his money: Investment management. 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. The billionaire has collected more than $5 billion from a combination of stock sales, dividends and compensation. That was enough, he said. In August, Frost led a group that invested in preferred shares of Drone Aviation Holding Corp. in Jacksonville. and help keep the future of New Times, Use of this website constitutes acceptance of our. 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. En'Joy" steve savor net worth The 10 most expensive homes on the market in Florida. Other familiar names. Thats why we headquartered our companies here and that, in turn, is why we were successful.. 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. Pegula and his wife, Kim, paid $6.58 million for a 12-acre estate in an equestrian-themed area northwest of Boca in 2010. Florida offers quality of life, cost-effectiveness and good weather, Navas says. Nothing in the world can take the place of persistence. The story: Philadelphia native Norman Braman, 82, co-founded a vitamin retailer and merged it with another company in 1967. The promised resurrection. 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. The publicly traded company managed $941 billion in assets as of June 30, 2022. Tom James, executive chairman of Raymond James Financial in St. Petersburg, has $1.14 billion in Raymond James stock alone. The Spring-steens have a place, as do the Bloombergs and throngs of less well known but well-off others. The circus elephants, already retired,live as North Americas largest elephant herd at his conservation center in Polk County. For example, since 2006 he has served as chairman of Miami-based investment banking firm Ladenburg Thalmann Financial Services. A Cuban immigrant, Prez was economic development director of the city of Miami before he became a developer. Oh, how the University of Florida wishes Ross hadnt transferred as a student to the University of Michigan. 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. In Florida, it accepts grant pitches only from organizations in Lee and Collier counties. Prez and Ross developed City Place, a mixed-use downtown landmark in West Palm Beach. . (The wealth swings at the top level are enormous in gross dollars. The Palm Beachers on the list have a combined net worth of $261.8 billion, according to the Forbes data. In recent years, he got tangled in some twisted litigation in Florida over what else? 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. Steve has made his net worth from his primary career as a songwriter, musician, guitarist as well as being a Film Score Composer. 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. 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.