Jeffrey Soffer Net Worth
Known as a land designer and real estate developer, Jeffrey Soffer is one of the most successful real estate entrepreneurs in South Florida. He founded Turnberry Associates and owns many homes, condominiums, and a hotel in Miami and Las Vegas. In addition, he is a major investor in the Miami Dolphins football team and owns a 47% stake in the club. He has also been named one of the 50 most influential young entrepreneurs by Fortune magazine. His net worth of 2.2 billion USD.
In 2005, Soffer purchased the historic Fontainebleau Hotel in Miami Beach for $325 million. He rebranded the hotel as the Fontainebleau Miami Beach and added a 500-room luxury resort and a 40,000-square-foot spa. The Fontainebleau Miami Beach also hosted Victoria’s Secret fashion show and a concert by Mariah Carey.
In 2009, Soffer was listed as one of the 50 most influential young entrepreneurs in the world by Fortune magazine. He was awarded the honor for his contributions to the real estate industry and his generous philanthropy. He donated millions of dollars to the University of Miami’s football stadium. He also owns a ranch in Aspen, Colorado. He was also one of the first developers to propose high-rise condos in Las Vegas.
Soffer was born into a family of successful businessmen. His father, Donald Soffer, developed the Florida city of Aventura. The Soffer family owns some properties including the Fontainebleau Hotel and the Turnberry Isle Miami hotel. They also own a property in the Bahamas.
In 2005, Soffer acquired a 55-meter Feadship yacht. This was eventually sold in early 2018. Then, Soffer purchased a 95-meter Sunseeker yacht called Mad Summer from Mexican billionaire Emilio Fernando Azcarraga Jean. Then, he traded the yacht to Espen Oeino, who also constructed the first Mad Summer.
In 2013, Soffer married Australian model Elle Macpherson. They have two children together, Logan Soffer and Elle Macpherson. They were married at the Laucala Resort in Fiji. They had only fifteen guests at the wedding. Later in 2017, they announced their divorce. Fortunately, they were able to get back together after a helicopter accident in the Bahamas. This accident caused Soffer to break his bones. Then, he got back into a relationship with Macpherson.
They were together for nearly four years before their relationship came to an end. Then, they lived separately until the two divorced. During their marriage, they lived in a $26 million estate. They also owned a Mediterranean-style home in Indian Creek, Florida. They have plans to rebuild it.
In November 2012, Soffer was involved in a helicopter crash. He was reportedly flying the aircraft at a low altitude when the helicopter crashed. Two friends died in the crash, and the widow of one friend filed a lawsuit for $100 million. He alleged that Soffer was recklessly flying the aircraft. The lawsuit was dismissed two years later.