The Real Deal Miami

Howard Lorber is South Florida’s highest-paid CEO at $43M

Lennar CEO Stuart Miller came in at No. 4 with $18M

June 21, 2016 10:30AM

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Howard Lorber, money and Stuart Miller

Howard Lorber and Stuart Miller

Vector Group president and CEO Howard Lorber made $42.5 million last year, making him the highest-earning CEO in South Florida. 

Vector Group is the Miami-based parent company of Douglas Elliman and other subsidiaries that include New Valley and major cigarette manufacturers. Lorber’s pay was nearly $13 million higher in 2015 than it was the year before, with the majority of the raise coming from stock awards, according to the Miami Herald’s ranking of South Florida CEOs of publicly traded companies.

Lorber’s base salary is $3.1 million. Add $28.4 million in stock awards, pension earnings and other options, and his pay reached about $42.5 million.

In terms of real estate, Stuart Miller, who resides on Star Island, also made it in the top five. Miller, CEO of Lennar Corp., made $17.9 million in 2015, making him the fourth highest-earning South Florida exec at $17.9 million with a base salary of $1 million.

Other CEOs who made the list: Phillip Frost, CEO of Opko Health Inc. (and sponsor of the Patricia and Phillip Frost Musuem of Science), who made $3.84 million at No. 22. And Bank United’s John Kanas was No. 16 at just more than $6 million. [Miami Herald] – Katherine Kallergis