The Real Deal Miami

Gubernatorial candidate Philip Levine discloses real estate assets worth $109M

Properties are spread throughout Miami, Miami Beach, Okeechobee and New York
June 19, 2018 06:00PM

Philip Levine and aerial photo of retail portfolio in Sunset Harbour

Florida gubernatorial candidate Philip Levine is worth a cool $133 million.

In an effort to open a blind trust for his assets, the former Miami Beach mayor, on Monday, issued a financial disclosure revealing all of his holdings and net worth.

The filings show Levine’s real estate assets total more than $109 million, according to the Miami Herald. The portfolio is made up of properties throughout Miami, Miami Beach, Okeechobee and New York.

He holds various stocks, securities and funds (minus an $8.3 million liability with City National Bank) that led to more than $5 million in revenue last year, according to the publication.

One of his most valuable assets includes his cruise line marketing and retail company, Royal Media Partners, which is valued at about $13 million. Levine said he earned more than $3.6 million last year in salary and investment income.

Levine previously said he would be willing to invest $25 million in his own campaign.

Also in the running for governor is Palm Beach billionaire, Jeff Greene, who previously said he could spend $100 million of his own money to fund his campaign.

Levine and real estate business partner Scott Robins are currently trying to sell a retail portfolio in Sunset Harbour that is expected to fetch $70 million or more. [Miami Herald] – Amanda Rabines