Jeffrey Soffer Net Worth and Career
| Net Worth | $2 billion |
|---|---|
| Salary | N/A |
| Birthdate | 1968 |
| Birthplace | Miami, Florida |
| Gender | Male |
| Height | N/A |
| Profession | Real estate developer |
| Nationality | American |
Jeffrey Soffer, an American real estate developer, has an estimated net worth of $2 billion. He is the son of Donald Soffer, the founder of Turnberry Associates, a Florida-based real estate empire known for its prestigious developments. Jeffrey’s career and success in the real estate industry have contributed significantly to his impressive net worth.
Highlights
– Jeffrey Soffer has a net worth of $2 billion.
– He is the owner of JW Marriott Turnberry Miami, Fontainebleau Miami Beach, and other properties.
– Soffer is a renowned real estate developer and has been involved in numerous high-profile projects.
– He was previously married to supermodel Elle Macpherson.
Early Life
Jeffrey Soffer was born in 1968 in Miami, Florida. He is the son of Donald and Carol Soffer, and his father is the founder of Turnberry Associates. Jeffrey started working for his father at the age of 17 and dropped out of college to pursue a career in real estate.
Career
Jeffrey Soffer joined Turnberry Associates in 1987, and under his father’s guidance, he quickly rose to prominence in the company. He played a key role in the development of new condo projects and was known for his vision and innovation in the industry.
One of Soffer’s notable achievements was the proposal and development of high-rise condos in Las Vegas. His project, Turnberry Place, generated over $1 billion in sales, solidifying his reputation as a successful real estate developer.
In 2005, Soffer acquired the Fontainebleau Hotel for $325 million and invested $1 billion in its renovation. The hotel was transformed into the luxurious Fontainebleau Miami Beach, featuring additional rooms, a spa, and multiple dining and entertainment venues. Soffer hosted a grand reopening party for the Fontainebleau, attended by celebrities such as Mariah Carey.
Soffer’s career also faced challenges, such as a legal dispute with lenders and title companies over the funding of the Fontainebleau Las Vegas project. However, his determination and business acumen allowed him to overcome these obstacles and continue his successful career.
Personal Life
Jeffrey Soffer was previously married to supermodel Elle Macpherson from 2013 to 2017. Before his relationship with Macpherson, he was married to a woman named Kimberly.
Soffer has three children from previous relationships and has been known to throw extravagant parties, such as his $2 million 40th birthday celebration, featuring performances by Prince and KC and the Sunshine Band.
Net Worth Over Time
Jeffrey Soffer’s net worth has grown significantly throughout his career. As a key figure in Turnberry Associates, he has contributed to the development of multi-billion dollar real estate projects.
His ownership of iconic properties such as JW Marriott Turnberry Miami and Fontainebleau Miami Beach has further bolstered his net worth. As a result, his estimated net worth currently stands at $2 billion.
Components of Net Worth
Jeffrey Soffer’s net worth primarily comes from his successful career as a real estate developer. His involvement in numerous high-profile projects, including condo developments, shopping centers, and hotels, has generated significant wealth.
The value of his properties, such as JW Marriott Turnberry Miami and Fontainebleau Miami Beach, contributes significantly to his net worth. Additionally, his ownership of Turnberry Isle Marina and the Big Easy Casino adds to his financial portfolio.
Soffer’s net worth is also influenced by his investments and business ventures, including the yacht Madsummer, which he purchased for $170 million in 2019.
Overall, Jeffrey Soffer’s net worth of $2 billion reflects his remarkable success in the real estate industry and his ability to undertake lucrative ventures.