South Florida’s real estate billionaires, Jorge Pérez and Jeff Greene included, held onto their wealthy status, according to the latest Forbes 400 ranking.
It now takes $2 billion to make it on the list, up from $1.7 billion a year ago.
In the local real estate industry, Pérez, head of the Miami-based Related Group, ranked 261 with a net worth of $3 billion.
New York developer Stephen Ross, chairman of the Related Companies, is the wealthiest developer, according to Forbes. Ross, who owns the Miami Dolphins and recently unveiled the renovated Hard Rock Stadium, is worth about $7.6 billion. He’s No. 69 on the list.
After Ross is Richard LeFrak, also based in New York. LeFrak, No. 80, is worth $6.3 billion. In South Florida, he co-developed 1 Hotel & Homes South Beach and is working with Turnberry Associates to build SoLeMia, a massive master-planned community in North Miami.
Sam Zell, from Chicago, came in at No. 114 with a net worth of $5.1 billion.
Other real estate billionaires include Igor Olenicoff, No. 159 with $4.2 billion; Jeff Greene at No. 192 with $3.8 billion; Charles Cohen at No. 222 with $3.3 billion; and Donald Trump, who owns resorts and golf courses in the region, with $3.1 billion. Trump’s net worth and ranking fell to No. 248.
Greene is active in Palm Beach County, where his plans include a micro apartment building, an office tower, retail, residential and hotel projects.
Cohen, of Cohen Brothers Property Group, is partnering with Starwood to redevelop and rebrand the hotel at the Design Center of the Americas into a Le Meridien, a project that’s expected to cost $30 million.
Click here for the full Forbes 400 list.