As one of the most talked-about figures, Jeffrey Soffer has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What Is Jeffrey Soffer's Net Worth?
Turnberry builds and manages condos, shopping centers, and commercial offices. To date, they have developed 20 million square feet of retail space, 1.5 million square feet of office space, 2000 hotel rooms, and more than 7000 condos. In total, Turnberry has developed over $7 billion worth of property.
Jeffrey Soffer is one of seven children born to Donald Soffer, the founder of Florida real estate empire Turnberry Associates. Donald Soffer made his first real estate fortune after developing Aventura, which would eventually grow into one of the wealthiest private communities in Florida. Today, Turnberry Associates has real estate projects in cities across the United States, including Las Vegas, Orlando, and Arlington. They also have a project on Paradise Island in the Bahamas.
Jeffrey Soffer is an American real estate developer who has a net worth of $2 billion. Jeffrey Soffer is probably best known outside of the real estate development world for being married to supermodel Elle Macpherson from 2013 to 2017.
Jeffrey served as Turnberry's Chairman and CEO until 2019, when he and his sister, Jackie Soffer, divided the company's assets. As a result, Jeffrey became the sole owner of JW Marriott Turnberry Miami, the Fontainebleau Miami Beach, Turnberry Ocean Club, Turnberry Isle Marina, and the Big Easy Casino. The Soffer family has been ranked as one of America's Richest Families.
In 1967, Donald Soffer founded Turnberry Associates and purchased a 785-acre tract of undeveloped land in Florida's Miami-Dade County. On the land, he built a mall, condos, and office buildings, and in 1995, the area became an incorporated city known as Aventura. Aventura Mall, which was built in 1983, became one of America's highest-grossing shopping centers and is the fifth-largest mall in the country.
In 2005, Soffer purchased the Fontainebleau Hotel for $325 million and redeveloped it as the Fontainebleau Miami Beach. He proceeded to spend $1 billion on renovations, adding more than 500 rooms and a 40,000-square-foot spa and making space for 11 nightclubs and restaurants. In 2008, he hosted a $5 million party for the Fontainebleau's grand reopening, which featured a Victoria's Secret fashion show and aMariah Careyconcert.
Jeffrey joined Turnberry Associates in 1987 after selling Champion Marine. Within a few years, his father had put him in charge of new condo developments. In 1997, Jeffrey Soffer was the first developer to propose the idea of building high-rise condos in Las Vegas. His very first project, Turnberry Place, soon generated over $1 billion in sales.
Jeffrey Soffer was born Jeffrey Miller Soffer in 1968 in Miami, Florida. He is the son ofDonald Sofferand Carol Soffer, and his sister, Jackie, is the CEO of Turnberry Associates. Donald has been married five times, and Jeffrey has five half-siblings: Marsha, Jill, Brooke, Abigail, and Rock. Soffer began working for his father when he was 17 years old, and since he didn't enjoy school, he dropped out of college and founded a boat dealership, Champion Marine, in 1986.
In summary, the total wealth of Jeffrey Soffer reflects strategic moves.
Disclaimer: All net worth figures are estimates based on public data.
