What Is Jeffrey Soffer’s Net Worth?
Jeffrey Soffer is an American real estate developer with a net worth of $1 billion. He is the son of Donald Soffer, the founder of Turnberry Associates, a Florida-based real estate empire. Turnberry has developed over $7 billion worth of property, including condos, shopping centers, commercial offices, and hotels.
Jeffrey served as Turnberry’s Chairman and CEO until 2019. He and his sister, Jackie, divided the company’s assets, and he became the sole owner of several properties, including the 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. Turnberry Associates has real estate projects in cities across the United States, including Las Vegas, Orlando, and Arlington, as well as a project on Paradise Island in the Bahamas. To date, Turnberry has developed 20 million square feet of retail space, 1.5 million square feet of office space, 2000 hotel rooms, and more than 7000 condos.
Early Life and Career
Jeffrey Soffer was born in 1968 in Miami, Florida, to Donald and Carol Soffer. His sister, Jackie, is the CEO of Turnberry Associates. Soffer dropped out of college and founded Champion Marine in 1986, after working for his father’s company since age 17.
Family
Donald Soffer has been married five times, and Jeffrey has five half-siblings: Marsha, Jill, Brooke, Abigail, and Rock.
Jeffrey Soffer’s Business Ventures and Principles
Jeffrey Soffer joined Turnberry Associates in 1987 and was put in charge of new condo developments in the ’90s. He proposed building high-rise condos in Las Vegas in 1997 and earned over $1 billion in sales with his first project, Turnberry Place. In 2005, he purchased the Fontainebleau Hotel for $325 million and redeveloped it as the Fontainebleau Miami Beach, spending nearly $1 billion to renovate it. In 2015, he reached billionaire status.
Jeffrey’s new company, Fontainebleau Development, has a portfolio that includes properties in hospitality, residential, retail, commercial, and luxury services sectors, including Fontainebleau Miami Beach, JW Marriott Turnberry Resort & Spa, JW Marriott Nashville, Hilton Nashville Downtown, SoLeMia Miami, and numerous residential landmarks. His luxury services division includes Fontainebleau Aviation, Turnberry Marina, Turnberry Isle Country Club, and well-known food, beverage, and wellness destinations.
Jeffrey’s business principles are to create what is extraordinary and not be limited by what was done before, but learn from the past and push to see what is possible.
Jeffrey Soffer’s Personal Life and Career
Jeffrey Soffer dated supermodel Elle Macpherson from 2009 to early 2012, then reconciled after Soffer was injured in a helicopter accident that claimed the life of his friend Lance Valdez. They married in 2013 but divorced four years later. Soffer has three children from previous relationships and was sued for wrongful death by Valdez’s widow, though the lawsuit was dismissed. He threw a $2 million birthday party in 2010 with performances by Prince and KC and the Sunshine Band. In a 2022 interview, Soffer emphasized the importance of maintaining work/life balance and finding hobbies and relationships outside of work.
Jeffrey Soffer’s Luxurious Properties
During his marriage to Elle Macpherson, Jeffrey Soffer lived in a $26 million estate in Indian Creek, Florida, measuring nearly 25,600 square feet. The Mediterranean-style home was purchased by Soffer in 2000. In addition to this property, Soffer also owned a ranch in Aspen, Colorado, and a 257-foot yacht costing $170 million.
