Sami Mnaymneh. Now headquartered in Naples, Florida, its developed over 13,000 tools and products used in orthopedic surgeries and is thought to generate revenues of $2.6 million per year. He remains the second richest businessman in Southwest Florida, with a net worth of $6.7 billion, up from $5.3 billion last year. The Blackstone Group CEO Stephen Schwarzman, 73, is worth $15.4 billion this year, up from $13.2 billion. PGE LLC, managed by Earl W. Powell, sold the 10,351-square-foot home at 80. Forbes reports Flex-N-Gatenow has 64 plants worldwide, with more than24,000 employees. In case youre curious, heres a list of the top 10 richest people in Florida and how they got where they are now. The average net worth this . Hes one of Best Buys biggest individual shareholders, and he aims to give away $1 billion of his fortune in his lifetime, according to Forbes. He then used a portion of his funds to purchase the Buffalo Sabres NHL team and the Buffalo Bandits lacrosse team for $189 million. He amassed the majority of his fortune in real estate as the owner of Olen Properties. It is the financial and business capital of Latin America. Sign up for free Patch newsletters and alerts. THE 10 RICHEST BILLIONAIRES IN THE WORLD IN 2020, DESPITE CORONAVIRUS. In 1981, Schmieding, a Naples resident and Michigan native, foundedArthrex, an orthopedic surgical tools company, in Munich, Germany. Miami Criminal Defense Attorney - Oberheiden, P.C. In 2019, Shahid and his son, Tony, launched All Elite Wrestling, a competitor to WWE. Scott Kapnick, 62, stood at No. Billionaires are spread across the state, from Islamorada to Ormond Beach. After guiding thefirm to an IPO in 1996, Forbes reports the dot-com crash nearly crippled the company in 2001, but Stone kept it alive by refocusing and adding services, such as data centers. Igor Olenicoff - $3.6 Billion. His financial equal. Lily Wordsmith is a freelance writer who has had a love affair with the written word for decades. His net worth grew to $4.7 billion, up from $3.4 billion. Tom Golisano Net worth: $5.9 billion (#452 wealthiest in the world) Residence: Naples, Florida Source of wealth: payroll services, #10. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. This year'slist of billionaires also includes these well-known locals in the order of their rankings: Reinhold Schmieding, 66, came in at No. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925.. Fast forward some 100 years to 2021: As the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%.. He is also the majority owner of the Jacksonville Jaguars. Since 1995, hes also controlled the NBA Miami Heat, leading the team to victory at three championships. Though she dropped from 1067 last year, her worth has grown by $1 million. Since then, Flex-N-Gate Corporation has grown from a small concern into the 49th largest privately-held American company and the 7th largest American automotive parts supplier. Best Buy founder's Bonita Springs mansion sells for almost $5M. 19. 1,567 and with a value of $1.3 billion, hes tied with two other Florida residents this year including basketball Hall of Famer Michael Jordan. He took the profits from Brain Power and put them into a diversified stock portfolio that has made him a billionaire. Read More How Playboi Carti Achieved a Net Worth of $9 MillionContinue, In 2010, Mian Muhammad Mansha became Pakistans first official billionaire when he made Forbes The Worlds Billionaires with a net worth of exactly $1 billion. On Forbes list, Robert Kraft, 78, the owner of the New England Patriots, took the 211th spot. The brothers founded the company in 1976 after acquiring a small beer distributor in South Carolina for just $740,000. Rounding out the top 10 are Microsofts Bill Gates, Oracles Larry Ellison, Berkshire Hathaways Warren Buffett, Googles Larry Page and Sergey Brin, Microsofts Steve Ballmer, Bloomberg LPs Michael Bloomberg, and Walmarts Jim Walton. In 1972, Ted Arison founded the cruise ship operator, Carnival Corp. Her real passions are her family, baking desserts and all things luxe. Shahid Khan, 70, has kept his crown as the richest person in all of Southwest Florida. Key West Man Charged With Dumping Mattresses + SWAT Shoots Man Dead, FL Keys Man Dumped 30 Mattresses On Stock Island Street: Sheriff, Miami Gardens Class-Action Lawsuit + South Florida Pastor Arrested, Fountain of Youth '23 ft. Brian Newman at Carousel Club at Gulfstream Park. Koch, 57, is the widow of David Koch, and is worth $38.2 billion this year -- which is down from $50.5 billion last year. 608, down from No. He made his first million by 1975. According to Architectural Design, Leonard owns a Palm Beach house that his mother Estee had previously owned. Collectively, the personal fortunes of the 400 richest billionaires increased 40 percent over the past year to $4.5 trillion, up from $3.2 trillion the year prior. Forbes calculated the net worth of those on the list using stock prices at Wall Streets closing bell on Sept. 3, which was close to a record high close for U.S. stock indices such as the S&P 500. The richest billionaires in Miami (clockwise from top left): William Berkley, Sami Mnaymneh, Micky Arison, Fred Ehrsam, David Tepper, Barry Sternlicht . He now runs his own private equity firm, Metropoulos & Co., which purchased Pabst Brewing Co., North America's largest remaining independent brewing company, for $250 million dollars in 2010. The elder Mr. Ziff had just sold the company to Forstmann-Little for $1.4 billion. Forbes reported that Peterffy also owns more than 500,000 acres of timberland, mostly in Florida. Forbes lists 73 billionaires in Florida. Can birds tell when a hurricane is coming? Carl Icahn Net worth: $16.1 billion (#119 wealthiest in the world) Residence: Indian Creek, Florida Source of wealth: investments, #2. Elon Musk, the man behind Tesla and SpaceX, is the richest person in America with a net worth of $251 billion. This year, his wealth was up from $6.5 billion last year to $6.9 billion this year. His father, Ted Arison, was one of the co-founders of the cruise line. This material may not be published, broadcast, rewritten, or redistributed. CAKEGATE 2023: Bad Bunny's Restaurant Accused of Gobbling Birthday Girl's Cake, Neighborhood Nazi Jon Minadeo Peddles Hate by the Minute, Gator Gets in on the Action at Tampa Bay Horse Race, Sen. Rubio's Permanent Daylight Savings Bill Sees Light of Day Once More, NFL Legend Ray Lewis Joins World Jai-Alai League Board of Directors, Affordable New "Micro-Units" Slated for Little River, Edgewater. - Net worth: $4.6 billion (#650 wealthiest in the world) - Residence: Miami Beach, Florida. Her, Read More How Natalie Portman Achieved a Net Worth of $60 MillionContinue, Ant Anstead is perhaps one of the most interesting celebrity personalities currently in the news. This material may not be published, broadcast, rewritten, or redistributed. What are those large pyramids next to the Skyway? 183 to No. Igor Olenicoff Net worth: $4.7 billion (#628 wealthiest in the world) Residence: Lighthouse Point, Florida Source of wealth: real estate, #18. John H. Ruiz is on no one's list of Wall Street big shots. (NEXSTAR) Each year, Forbes releases a list of the richest people in the U.S. Newcomers to The Forbes 400 include cryptocurrency entrepreneur Sam Bankman-Fried, who at 29 is the youngest person on the list. A self-made man without a college degree, he made his money in real estate before going into sports, buying the hapless Bucs and building the team into a Super Bowl winner in 2003, the last time. Nearly all are richer than they were a year ago, Forbes said, and the top 20 are worth $1.8 trillion. According to Forbes, the minimum net worth to qualify for the list is $2.1 billion. $37 billion. Here's a closer look at the region's billionaires: Shahid Khan, 66, once again ranks as the richest man in Southwest Florida. Since that time, assets have swelled. Shahid Khan Net worth: $8.0 billion (#302 wealthiest in the world) Residence: Naples, Florida Source of wealth: auto parts, #3. You will receive your first email soon. Ruiz is also required to pay for maintaining the facility and by the third year of the deal has to make annual rent payments of $275,000. 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Charles Johnson is the former chairman of Franklin Templeton Investments, the financial firm founded by his father. Combined, all of the billionaires, self-made or not, are worth $13.1 trillion, up from $8 trillion last year. REGISTER: Free business newsletter from The News-Press. At No. In 2013, Johnson stepped down from CEO to be replaced by his son, Greg. Breast Ultrasound Screening Coming Direct to You! Twenty-two people on the list, including Donald Trump, who had made the list before and fell off it, are back again. The latest list includes a record 1,975 self-made billionaires. Schmieding, who owns over 90 percent of the company, is believed to be worth around $6.7 billion. He amassed the majority of his fortune in real estate as the owner of Olen Properties. Micky Arison Net worth: $6.6 billion (#393 wealthiest in the world) Residence: Bal Harbour, Florida Source of wealth: Carnival Cruises, #8. Rakesh Gangwal is the co-founder and 37% owner of IndiGo Airlines. Outside of his business activities, Reyes is known for his philanthropy. 688, with a value of $2.5 billion. 544, with a value of $3.5 billion. At the end of the seven-year lease, Ruiz can buy the. On Forbes' list, Schwarzman is in 64th place. Igor Olenicoff amassed the majority of his fortune in real estate as the owner of Olen Properties. 680, dropping from No. His ex-wife, Mackenzie Bezos, who got 25 percent of the couples shares in Amazon as part of their divorce settlement, is now the 15th richest person in America, according to the list. Bezos has topped the list for four consecutive years. Elon Musk, the CEO of Tesla Motors, came in at No. Thomas Peterffy Net worth: $21.9 billion (#79 wealthiest in the world) Residence: Palm Beach, Florida Source of wealth: discount brokerage. Last week, Forbes released its annual list of billionaires, which included 2,095 around the world. Sign up for free Patch newsletters and alerts. Shortly after college, Schmeiding started developing new tools for minimally invasive arthroscopic surgery. 2023 Celebrity Net Worth / All Rights Reserved. His latest venture is an insurance recovery firm that combines software. In 1981, he launched his own firm, John W. Henry and Company. If your child will play baseball or softball this spring, youll need to stock up on appropriate clothing and equipment. David Tepper Net Worth: $14.5 billion, 1. 308 on this year's billionaires list. Over the subsequent decades, he developed Franklin Resources into one of the leading mutual funds in the country. Paul Tudor Jones II Net Worth: $7 billion, 2. Copyright 2023 Nexstar Media Inc. All rights reserved. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. A former New York resident, he sold the Buffalo Sabres in March 2011 for $189 million, rejecting a higher bid to keep the team from moving out of town. Copyright 2023 Nexstar Media Inc. All rights reserved. #20. New England Patriots owner Robert Kraft and his son New England Patriots President Jonathan Kraft are pictured in 2018. 1,161. He is the 70th richest person on Forbes list. According to Forbes, Bal Harbour resident Arison is worth $4.2 billion, which makes him the richest person in South Florida and tied for the richest person in the state. Thank you! Hes also the principal owner of MBL San Francisco Giants. Paul Tudor Jones II Net worth: $7.3 billion (#342 wealthiest in the world) Residence: Palm Beach, Florida Source of wealth: hedge funds, #5. His net worth has increased to $4.2 billion from $3.2 billion. His company, now headquartered in North Naples, has developed thousands of products used in shoulder, hip and other joint surgeries. By the way, subscribers: Naples has a new record home sale at $52M, And: Buyer of $36 million beachfront mansion in Naples remains a mystery. Prominent Miami attorney, entrepreneur and philanthropist John Ruiz paid $25 million for a waterfront mansion in Gables Estates, The Real Deal has learned. According to whalewisdom.com, the hedge fund now holds $44,580,108,000 in assets under management. He took 78th place on Forbes list of billionaires. John N Ruiz, 69. The city is the second-most populous city on the East Coast and the seventh-largest in the country. Jeff Bezos, the founder and CEO of Amazon, is once again at the top of the list. In 1980, he broke away to found Tudor Investment Corporation. He served as CEO until 2004 and remains chairman. The company published such periodicals as Car and Driver, Popular Aviation, and PC Magazine. Forbes said that though the pandemic made 2020 a terrible year for many, the wealthiest Americans continued to enjoy good economic times. Micky Arison (Photo by Michael Cohen/Getty Images). Since stepping down from the CEO position in 2013, Arison continues to oversee the company in his position as chairman. Jess Swanson October 15, 2021 9:00AM. Micky Arison is the CEO of the cruise ship company Carnival, which was co-founded by his father Ted Arison. SWFL home to 6 of the worlds richest people. After selling the company to the Mars Corporation in 2008 for $23 billion, he stayed on as Chairman until 2011. 603, with a net worth of $3.2 billion. We interviewed our tech expert, Jaime Vazquez, to learn more about accessible smart home devices. He was also at the100th place on Forbes list. They rank 13th and 15th, respectively (there is no 14th, Koch and her brother-in-law Charles Koch tied for 13th). J. Christopher Reyes Net worth: $7.1 billion (#366 wealthiest in the world) Residence: Hobe Sound, Florida Source of wealth: food distribution, #6. The Walmart heir is worth $67.9 billion. He owned the San Francisco 49ers for 23 years, during which they won a record five Super Bowls, until he transferred ownership to his sister in 2000. In Florida, The Forbes 400 billionaires are: Jeff Bezos, the founder of the e-commerce giant Amazon, again topped The Forbes 400 list. The company has annual sales of about $2 billion. Notably missing from the 10 wealthiest is Metas Mark Zuckerberg, who dropped out of the top rankings for the first time in 2014. 722 with a worth of $2.4 billion. The story: John W. Henry, 65, got rich in commodities trading, rich enough to allow him to buy the since-renamed Florida Marlins baseball team from Wayne Huizenga for $150 million in 1999. The ranking includes 2,153 people who have a combined wealth of $8.7 trillion. He's valued at $25 billion, up from $14.3 billion last year. Who moved up from Southwest Florida? In Florida, those making the list are: Thomas Peterffy of Palm Beach, discount brokerage, $17.1 billion David Tepper. His current net worth is estimated to be $14.5 billion. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. Sami Mnaymneh Net worth: $4.6 billion (#650 wealthiest in the world) Residence: Miami Beach, Florida Source of wealth: private equity, #19. Phillip Frosts early professional career consisted of working for the National Cancer Institute and as Professor of Dermatology at various colleges in Florida, but he made his billions buying, founding, and selling successful pharmaceutical firms. GET FOX BUSINESS ON THE GO BY CLICKING HERE. The company has since expanded McDonald's distribution to Canada, Latin America, and Ireland. In September 2014, it was announced that Terrys group of investors beat out groups led by Jon Bon Jovi and Donald Trump for the right to purchase the Buffalo Bills for $1.4 billion. 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Robert Rich, Jr Net Worth: $4.6 Billion, 9. 4 $71.3 billion) and Facebook CEO and founder Mark Zuckerberg (No. According to the Palm Beach Daily News, 18 of the 43 billionaires had their wealth decrease from last year. Charles Johnson Net Worth: $4.9 billion, 7. His current net worth is estimated to be around $4.9 billion. To compile the 39th annual Forbes 400 list, Forbes analyzed a list of nearly 700 candidates . Select this result to view John Ruiz's phone number, address, and more. - Source of wealth: private equity . Top 3 Results for John Ruiz in FL. The Wrigley Company went on to become one of the most successful candy companies in the world. You would recognize Ziff-Davis from putting out popular publications such as PC Magazine and Car and Driver. However, 14 billionaires still saw their wealth increase and 11 saw their wealth stay the same, the newspaper reported. In 2005, he took the company private, but in 2011 it went public again. He continues to be a billionaire. 1,299, climbing up from No. The 43 people who ended up on the Palm Beach Daily News list either live or own property in the area or lease residences when in town, the newspaper reported. Related To Elizabeth Ruiz, Mayra Ruiz, Rodriquez Ruiz, Catherine Ruiz. A new tidbit from Forbes:Shahid is a major financial backer of Black News Channel, a 24-hour cable news channel, which launched in February 2020. but theyve got the money in the bank in case they wanted to. The company was incredibly successful, and its investors received a $1 billion payout in 2010. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 158 on the Forbes list, his net worth is valued at $8.2 . Only one has moved up in the rankings, however, reflecting the fact that many of the world's billionaires have added to their fortunes sincelast year plus the list has grown, with more people reaching the billionaire status. According to Forbes, privately-held Arthrex has estimated annual revenues of $2.1 billion and Schmieding the son of German immigrants owns more than 90% of the company. Henry . Dirk Ziff's father, William Ziff, Jr., co-founded the Ziff-Davis publishing empire. Fast-forward to 2012, and their company, Reyes Holdings, is now the largest beer distributor in the US. That might be true, but it doesnt really matter. He is also the owner of Marvel Entertainment's toys division, Marvel Toys, and the personal care corporation, Remington Products. On Forbes list, Schwarzman is in 64th place. Richard Schulze, 76, has jumped up to No. Mutual Fund and ETF data provided byRefinitiv Lipper. According to Forbes: An engineer by trade,Khanowns auto parts supplier Flex-N-Gate,the National Football League's Jacksonville Jaguars and the United Kingdom's Fulham football club. In 2000, he also bought up Pennzoil Assets. How does your net worth compare to the fortunes of the wealthiest people in Florida? According to Wikipedia, it now holds $1.4 trillion in assets under management on behalf of private, professional, and institutional investors. This was the publications 41st edition of the Forbes 400. His North Naples-based company has developed more than 10,000 products and procedures used by surgeons to repair and replace shoulders, knees and other joints. William Stone, 61, has moved up on the list. At No. Just like the rest of the world, many of the billionaires saw their wealth decrease in the last year -- specifically in recent months as the coronavirus has taken its toll on the economy. 1,613. Her diversity is boundless, and she has written about everything from astrobotany to zookeepers. In addition to his activities with Appaloosa, he owns the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). local news and culture, Jess Swanson He remains the company's largest individual shareholder, with an 11% stake. He rejoined the company as chairman emeritus in 2013after his attempts to take over the electronics retailer and make it private failed. Breast Ultrasound Screening Coming Direct to You! Nearly every one of Southwest Florida's billionaires onForbes' annual listofthe wealthiest people on earth are richer than a year ago, despite the coronavirus pandemic. 63 worldwide. Stephen Ross, 79, who owns the Miami Dolphins, was found to be the 185th richest billionaire in the world, according to Forbes. Miami, and South Florida in general, is a tropical playland for the rich. While the U.S. is home to the most billionaires out of any other country . Do Not Sell or Share My Personal Information, L Brands ( Victorias Secret, Bath & Boy Works). They have since expanded into other distribution markets, including buying up Martin-Brower, the distribution company in charge of McDonald's distribution in the United States. Learn how your comment data is processed. OLLI Spring Semester Registration Now Open, OLLI Announces Spring Semester CONNECTIONS Documentary Film Series, 10 FL Dream Homes: Private Beach On Siesta Key, 15K SF Clearwater Home, At Villa Serena Inn-African Bead Design-Necklace w/Judy Levine. Warren Buffett, Berkshire Hathaway's chairman and CEO, took the third spot, with a worth of $84 billion. Let us know what you think below. Norman Braman started his career as a research analyst for a liquor company. Despite SGI's success, he left the company in 1994. Thomas Peterffy began his professional career as a computer programmer, designing trading software. Julia Koch and her family are the wealthiest people with ties to Palm Beach and take the 18thspot on Forbes list of billionaires. In 1945, Robert Rich Sr. founded Rich Products. At the same time, he and Marc Andreessen set up Netscape, which was instrumental in the launch of the Internet IPO boom on Wall Street during the mid to late 1990s. (Brendan Smialowski/Getty Images) 1. He now serves on the board of directors of Renaissance Technologies. Mr. Ziff and his two brothers inherited their father's fortune after his retirement in the mid-90s. In all, 282 people on the list are self-made billionaires. This site uses Akismet to reduce spam. Since then, the ranks of billionaires in the country have, Read More The 10 Richest People in PakistanContinue, NBA star player Kevin Durant is one of the most popular players in the history of the game. The wealthiest Americans on the annual Forbes 400 list grew their combined net worth by just over 2 percent from the previous year, making . New York had the second-most at 65, followed by Texas with 43 and Florida at 42. Five years later, he bought a Cadillac dealership in Tampa and today owns 23 franchise locations in Florida and Colorado. It also has a very profitable soda distribution division. John Henry owns The Boston Globe, the Boston Red Sox, the Liverpool F.C., and co-owns Roush Fenway Racing. To see the top-ranking billionaires in the area, here are the 10 richest Palm Beach neighbors, according to Forbes and the Palm Beach Daily News. All rights reserved. He earned his first fortune trading agricultural futures. His net worth was $189.8 billion, according to Forbes real-time wealth tracker. He is a big name in the east coast rap scene as a member of the rap supergroup, Read More How Method Man Achieved a Net Worth of $14 MillionContinue.