Forbes lists 73 billionaires in Florida. Floridas wealthiest people are the second kind of rich. 308 on this year's billionaires list. Johnson is the former CEO of Franklin Resources, a mutual fund company founded by his father Rupert in the mid-1940s. Top 3 Results for John Ruiz in FL. 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. Ten states didnt have a resident that met the criteria to make Forbes rankings: Alabama, Alaska, Delaware, Maine, Mississippi, New Mexico, North Dakota, South Dakota, Vermont, and West Virginia. His current net worth is estimated to be around $4.9 billion. Bezos has topped the list for four consecutive years. 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. He is also the owner of Marvel Entertainment's toys division, Marvel Toys, and the personal care corporation, Remington Products. THE 10 RICHEST BILLIONAIRES IN THE WORLD IN 2020, DESPITE CORONAVIRUS. By the age of 24, Johnson was top dog at the company. In 2000, he also bought up Pennzoil Assets. 10. He bought one in 2002 and the other in 2015. Quicken Loans cofounder Dan Gilbert, 58, reportedly joined the Palm Beach list this year after he bought two houses in Palm Beach, the newspaper reported. The wealthiest woman on Forbes' list is Julia Koch, who, along with her three children, inherited a 42% stake in Koch Industries after her husband . The family also retained ownership of the Tampa Bay Buccaneers. Hes currently believed to be worth $4.6 billion. 2023 FOX News Network, LLC. Wyoming. Others in the top five are Amazon CEO and founder Jeff Bezos (No. These billionaires range in age from their 20s to their 90s, and are worth a combined $4 trillion. The wealthiest man in the world comes as no surprise. 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. Its followed by China, with 698. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. From small roots, the company has since developed into the largest beer distributor in the US, distributing around 151 million cases of beer each year. J. Christopher Reyes and his brother, Jude, purchased a beer manufacturer based in South Carolina in the mid-70s, for $74,000. His net worth has increased to $4.2 billion from $3.2 billion. According to whalewisdom.com, the hedge fund now holds $44,580,108,000 in assets under management. - Net worth: $4.6 billion (#650 wealthiest in the world) - Residence: Miami Beach, Florida. Scott Kapnick, 62, stood at No. (NEXSTAR) Each year, Forbes releases a list of the richest people in the U.S. New York had the second-most at 65, followed by Texas with 43 and Florida at 42. 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. With the vast amounts of wealth in the pockets of those on the exclusive list, Forbes notes that a number of high-profile billionaires such as Kylie Jenner and Michael Jordan, didnt even make the list. According to Forbes, Kapnick,founder and CEO of HPSInvestmentPartners, one of the world's biggest alternative credit managerswith $60 billion in assets, spent more than 20 years at Goldman Sachs, rising to become co-head ofinvestment and banking and co-CEO of Goldman Sachs International. The richest man in Florida is from Palm Beach. #2 & #3. Following her is Alice Walton, the only daughter of Walmart founder Sam Walton. Billionaires are ranked by net worth as of March 31. 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. He served as Best Buy's CEO from 1983 to 2002 and stepped down as chairman in 2012. He edged out Jeff Bezos, whose wealth stems from Amazon, by $100 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. He became CEO of the company In 1957, at the age of 24, and is credited for taking the company public in 1971. William Berkley founded W.R. Berkley Corporation in 1967. OnlyInYourState may earn compensation through affiliate links in this article. Leonard Lauder, 87, the former CEO of the Estee Lauder Company, is estimated to be worth $14.6 billion -- the same as last year. 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. He remains the second richest businessman in Southwest Florida, with a net worth of $6.7 billion, up from $5.3 billion last year. 82, has a net worth of $13.8 billion. 1. By - November 18, 2021. It's no surprise then, that 22 billionaires call the Miami area home. He took the profits from Brain Power and put them into a diversified stock portfolio that has made him a billionaire. Below is a list of the richest person in each state, as well as their net worth and source of wealth, according to Forbes. Since that time, assets have swelled. Shahid Khan began his career as an engineering director for Flex-N-Gate Corporation. David Tepper Net Worth: $14.5 billion, 1. Here's a closer look at the region's billionaires: Shahid Khan, 66, once again ranks as the richest man in Southwest Florida. He is also well known as the owner of the Miami Heat basketball team. The source of his wealth is Reyes Holdings, a $30 billion food and beverage distribution company established by him and his brother Christopher. Breast Ultrasound Screening Coming Direct to You! At No. In addition to her freelance career, she is pursuing ebook writing with an ever-growing repertoire of witty ebooks to her name. His father, whod emigrated to the US a few years before, gave him $100 dollars and told him to go out and make something of himself. Oprah Winfrey and Gap co-founder Doris Fisher fell off the list, but new to the list are Melinda French Gates, following her divorce from Bill Gates; and Miriam Adelson, heir to her late husband Sheldon Adelsons stake in the Las Vegas Sands casino empire. The U.S.s wealthiest billionaires are mostly concentrated within justa couple of industries: finance and investments, and technology. Let us know what you think below. The 2018 list has 2,208 billionaires, up from 2,043 in 2017. Shahid Khan was born in Pakistan and came to the US to attend the University of Illinois at Urbana-Champaigns School of Mechanical and Industrial Engineering. Make a one-time donation today for as little as $1. According to Architectural Design, Leonard owns a Palm Beach house that his mother Estee had previously owned. Sami Mnaymneh. 722 with a worth of $2.4 billion. He remains the company's largest individual shareholder, with an 11% stake. Though hes dropped in the rankings, his net worth has climbed from $4.1 billion to $4.4 billion. 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. Do Not Sell or Share My Personal Information, L Brands ( Victorias Secret, Bath & Boy Works). Carl Icahn Net worth: $16.1 billion (#119 wealthiest in the world) Residence: Indian Creek, Florida Source of wealth: investments, #2. The elder Mr. Ziff had just sold the company to Forstmann-Little for $1.4 billion. Micky is also the owner of the NBA's Miami Heat. Charles B. Johnson Net worth: $5.2 billion (#538 wealthiest in the world) Residence: Palm Beach, Florida Source of wealth: money management, #13. His net worth remained the same at $1.4 billion. Angamardana, a fitness system rooted in yoga, Heading To FL: More People Moved In Than Out For 2022, FL Blogging Bill Says Political Writers Should Register With State, Abortion Clinic Clash, Hurricane Handles, Spring Break: FL Top News, African American History Taught By Freedom School At Sarasota Library, Thomas Peterffy: $17.5 B, age 75, discount brokerage, Micky Arison: $8.1 B, age 70, Carnival Cruises, J. Christopher Reyes; $6.7 B, age 65, food distribution, Jude Reyes: $6.7 B, age 64, food distribution, Reinhold Schmieding: $6.6 B, age 64, medical devices, Whitney MacMillan: $5.1 B, age 90, Cargill, Isaac Perlmutter: $5.1 B, age 76, Marvel comics, Paul Tudor Jones, II: $5 B, age 65, hedge funds, Charles B. Johnson: $4.9 B, age 86, money management, Terrence Pegula: $4.9 B, age 68, natural gas, Igor Olenicoff: $4.3 B, age 77, real estate, Robert Rich, Jr.: $4.3 B, age 78, frozen foods, Tom Golisano: $3.9 B, age 77, payroll services, Jeff Greene: $3.9 B, age 64, real estate and investments, Russ Weiner: $3.9 B, age 49, energy drinks, Richard Schulze: $3.8 B, age 78, Best Buy, Leon G. Cooperman: $3.2 B, age 76, hedge funds, Herbert Wertheim: $3.1 B, age 80, investments, William Wrigley, Jr.: $3 B, age 55, chewing gum, Edward DeBartolo, Jr.: $2.7 B, age 72, shopping centers, William Berkley: $2.6 B, age 73, insurance, Norman Braman: $2.5 B, age 87, art and car dealerships, C. Dean Metropoulos: $2.5 B, age 73, investments, Todd Christopher: $2.2 B, age 57, hair care products, Randal J. Kirk: $2.2 B, age 65, pharmaceuticals, James Clark: $2.1 B, age 75, Netscape, investments, Henry Laufer: $2.1 B, age 74, hedge funds. How do you get to be the richest person in Florida? Notably missing from the 10 wealthiest is Metas Mark Zuckerberg, who dropped out of the top rankings for the first time in 2014. 616. At the end of the seven-year lease, Ruiz can buy the. While the U.S. is home to the most billionaires out of any other country . However, 14 billionaires still saw their wealth increase and 11 saw their wealth stay the same, the newspaper reported. The 2017 Forbes list of billionaires includes five Naples residents and another up the road in Bonita Springs. 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. Prominent Miami attorney, entrepreneur and philanthropist John Ruiz paid $25 million for a waterfront mansion in Gables Estates, The Real Deal has learned. Forbes reports Flex-N-Gatenow has 64 plants worldwide, with more than24,000 employees. Paul Tudor Jones II Net Worth: $7 billion, 2. Though Malcolm Glazer passed away in May of 2014, he passed his fortune on to his family. Natalie Portman is an award-winning Israeli-American actress, producer, writer, and director. Over the subsequent decades, he developed Franklin Resources into one of the leading mutual funds in the country. John N Ruiz, 69. 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He rejoined the company as chairman emeritus in 2013after his attempts to take over the electronics retailer and make it private failed. William Stone of Naples has a higher ranking this year. The company has annual sales of about $2 billion. 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. 2 spot after missing the mark for two years. Palm Beach, Fla., residents certainly have plenty of opportunities to rub shoulders with wealth. A confirmed Republican, hes made numerous generous donations to the party over the years, including $80,200 to the Illinois Republican Party between 1994 to 2007 and $100,000 to the Republican PAC, Two Party System, Inc.