UPDATED, Dec. 7, 8:45 a.m.: Russian-American billionaire and businessman Boris Jordan paid $14 million for a waterfront mansion in Boca Raton.
Jordan, executive chairman of the cannabis company Curaleaf, bought the home at 1175 Spanish River Road from Richard Tarlow, a veteran advertising executive in New York, property records show.
Curaleaf has 93 dispensaries in the U.S., and Jordan’s net worth is $1.7 billion, according to Forbes.
The property was listed for nearly $11 million, and an adjacent lot was also being offered for a total of $14.5 million, according to the listing. Premier Estate Properties had the listing. Douglas Elliman’s Bill Hernandez and Bryan Sereny represented the buyer. They declined to comment.
Tarlow paid $9.2 million for the property in 2016.
The 8,303-square-foot mansion fronts the Intracoastal Waterway and was built by homebuilder J.H. Norman and architect George Brewer in 2015. Marc Michael designed the interiors.
The two-story house has five bedrooms, six full bathrooms, two half-bathrooms and a pool.
Recent closings in Boca Raton include the $6 million sale of a spec home to a pharmaceutical executive. The managing director of a private equity firm also recently paid $12.8 million for a spec mansion in Boca.