The 15 richest people in Florida 2022

Florida is home to 78 billionaires which represents 10.4% of the total billionaires in the United States. Only California (with 186) and New York (with 135) have more members of the three-comma club than The Sunshine State. So, who are the 15 richest people in Florida and how did they make their fortune?

1. Thomas Peterffy

Net worth$20.1 billion
Source of wealthDiscount brokerage
Global rank#80
ResidencePalm Beach, Florida
Age77

Thomas Peterffy is the richest man in Florida and the richest Hungarian. He is the founder and chairman of Interactive Brokers, an online American international brokerage company. The firm brokers stocks, bonds, forex, funds, options, and currencies. Peterffy is the firm’s largest stockholder with about 75% stake.

The billionaire was born in Hungary and moved to the U.S in 1965 at the age of 21. He’s a major landowner, possessing over 500,000 acres with the majority of it in Florida. Interactive Brokers operates the largest electronic trading platform in America by the number of daily average revenue trades. It executes more than 2.2 million trades every day.

2. David Tepper

Net worth$16.7 billion
Source of wealthHedge funds
Global rank#103
ResidencePalm Beach, Florida
Age64

Tepper is the richest hedge fund manager from Florida. He’s the president of Appaloosa Management, a hedge fund he founded in 1993. Between 1985 and 1992, he worked at Goldman Sachs where he was a head trader. He quit after being passed over for partner twice in two years.

In 2018 Forbes named him the third highest-earning hedge fund manager with a paycheck of $1.5 billion. Google, Microsoft, and Facebook are some of the company’s largest shareholders. The hedge fund manages close to $13 billion.

David Tepper owns the Carolina Panthers. He bought the professional football team in 2018 for $2.3 billion. He’s also the owner of Charlotte FC of the MLS.

3. Carl Icahn

carl-icahn
Net worth$16.5 billion
Source of wealthInvestments
Global rank#106
ResidenceIndian Creek, Florida
Age86

With a fortune of $16.5 billion, Carl Icahn is one of the richest people in Florida. The billionaire controls Icahn Enterprises, an American conglomerate that has investments primarily in seven sectors; automotive, energy, real estate, food packaging, pharma, investments, and home fashion.

The billionaire owns about 88% of the publicly traded company, which had about $11.3 billion in revenue last year. In 2019, he was named one of the highest-earning hedge fund managers through his hedge fund Icahn Capital Management with yearly earnings of $480 million.

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4. Shahid Khan

Net worth$7.6 billion
Source of wealthAuto parts
Global rank#313
ResidenceNaples, Florida
Age71

Last year, he was ranked the #94 on Forbes 400 with a fortune of $8.5 billion. Khan is the second wealthiest auto parts mogul after Germany’s Georg F.W. Schaeffler who has a fortune of $8.1 billion. He was born in Pakistan and moved to the U.S in 1967 at age 16. In 1978 Khan founded Bumper Works — which made car bumpers for customized pickup trucks and body shop repairs — with a $50,000 loan and $16,000 worth of his own savings.

In 1978 he bought automotive maker Flex-N-Gate from his former boss Charles Gleason. He grew the company’s sales from $17 million in 1989 to $2 billion by 2010 and to $8.8 billion in 2020. Shahid is the owner of the Jacksonville Jaguars of the NFL and Fulham F.C. He’s also the co-owner of All Elite Wrestling, WWE’s competitor which he launched in 2019 together with his son Tony.

5. Paul Tudor Jones, II

Net worth$7.3 billion
Source of wealthHedge funds
Global rank#324
ResidencePalm Beach, Florida
Age67

He was the 7th highest-earning hedge fund manager of 2019 taking home a salary of $500 million. The billionaire founded Tudor Investment Corporation which manages about $11 billion worth of assets. Paul also founded the Robin Hood Foundation which focuses on eradicating specifically in New York City. He’s a member of the Giving Pledge together with his wife, guaranteeing to give away most of their wealth over the course of their lifetimes.

6. Reinhold Schmieding

reinhold-schmieding
Net worth$7.2 billion
Source of wealthMedical devices
Global rank#330
ResidenceNaples, Florida
Age67

Reinhold has a net worth of about $7.2 billion and is one of the richest people in Florida. In 1981 he founded Arthrex, an orthopedic surgical tools company in Munich Germany. He invested $60,000 from his savings, worked from an apartment, and didn’t make a profit for the first two years.

The privately held firm now has its headquarters in Naples, Florida, and gets about $2.6 billion in revenues. Reinhold owns about 95% of the medical tools company which makes more than 10,000 medical devices used in orthopedic surgeries.

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7. J. Christopher Reyes

Net worth$7.1 billion
Source of wealthFood and beverage distribution
Global rank#336
ResidenceHobe Sound, Florida
Age68

Christopher Reyes founded Reyes Holdings together with his brother Jude Reyes. The corporation is involved in the wholesale distribution of food and beverages. In 2020 it was ranked the 8th largest private company in the U.S. with yearly revenues of $27.8 billion.

The Reyes brothers started the business in 1976 by purchasing a small beer distribution company in South Carolina for $740,000 and expanded by acquiring more beer distribution operations. The billionaire also owns a home that sits on 44 acres of land in Aspen Colorado which he bought in 2010 for $47.5 million.

8. Jude Reyes

Net worth$7.1 billion
Source of wealthFood and beverage distribution
Global rank#336
ResidencePalm Beach, Florida
Age66

Jude co-chairs Reyes Holdings alongside his billionaire brother Christopher Reyes. The brothers founded the business in 1976 together with their father. Reyes Holdings is one of the largest privately-held corporations in the United States delivering more than 265 million cases to over 100,000 retail accounts across the nation every year and with about $30 billion in annual sales.

It’s the largest beer distributor in America and has three main business units, Reyes Beer Division, Martin Bower (the largest supplier of McDonald’s restaurant chain), and Reyes Coca-Cola Bottling.

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9. Micky Arison

micky-arison
Net worth$6.9 billion
Source of wealthCarnival Cruises
Global rank#350
ResidenceBal Harbour, Florida
Age72

Arison has a fortune of $6.9 billion and is one of the richest people in the state of Florida. He chairs Carnival Corporation, the world’s largest cruise ship operator with more than 100 vessels. The company was started by Micky’s late father, Ted Arison in 1972 with one ship.

Micky Arison dropped out of the University of Miami to become a salesman for his father’s cruise company. The billionaire was born in Israel and moved to the U.S with his father when he was young. He’s also the owner of the Miami Heat of the NBA.

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10. Orlando Bravo

Net worth$6.3 billion
Source of wealthPrivate equity
Global rank#403
ResidenceMiami Beach, Florida
Age51

In 2019, Orlando was featured at #287 on Forbes 400 making it the first time a Puerto Rican-born billionaire appeared on the list. Orlando is the co-founder and managing partner of Thoma Bravo, a Chicago-based private equity firm that invests in the software and technology sectors.

Thoma Bravo manages a portfolio of more than 40 software companies that generate an estimated $15 billion in yearly revenues. The firm has completed more than 300 software deals worth over $80 billion.

11. Terrence Pegula

Net worth$5.8 billion
Source of wealthNatural gas
Global rank#438
ResidenceBoca Raton, Florida
Age71

According to Forbes, Terrence Pegula has a fortune of $5.8 billion and is one of the richest people in Florida. The billionaire made a fortune from East Resources, a natural gas drilling company that he founded in 1983 with a $7,500 loan from family members and friends. The company sold most of its assets to Royal Dutch Shell in 2020 for $4.7 billion but still has oil and gas interests in four American states.

Terrence is also the owner of Pegula Sports and Entertainment through which he owns the Buffalo Sabres of the NHL, the Buffalo Bills of the NFL, Buffalo Bandits of the NLL, and Rochester Knighthawks of the NLL.

12. Ronald Wanek

Net worth$5.5 billion
Source of wealthFurniture
Global rank#480
ResidenceSaint Petersburg, Florida
Age80

Ronald owns Ashley Furniture Industries, together with his son Todd Wanek. Ashley is the largest manufacturer and retailer of home furniture in the United States. The company also sells its home furniture products across the world.

The billionaire started the business in 1970 as Arcadia Furniture with a loan from his father and the money he received after selling his home. He later acquired retailer Ashley Furniture. Ronald has seen his wealth increase almost three times in the last two years. In 2018 Ashley had revenues of about $5.7 billion. It employs about 30,000 people and has Ronald’s son, Todd as its CEO.

13. Tom Golisano

tom-golisano
Net worth$5.4 billion
Source of wealthPayroll services
Global rank#490
ResidenceNaples, Florida
Age80

The billionaire founded Paychex, a New York-based provider of payroll and human resource services. The billionaire started the company in 1971 with only $3,000 and a credit card. Paychex has more than 600,000 payroll clients in the United States and Europe.

According to Yahoo Finance, the firm has a market cap of $43.3 billion. Golisano is the former owner of the Buffalo Sabres (which he sold to billionaire Terrance Pegula for $189 million in 2011) of the NHL and Buffalo Bandits of the NLL.

14. Jeff Greene

Net worth$5.1 billion
Source of wealthReal estate
Global rank#536
ResidencePalm Beach, Florida
Age67

A graduate of Johns Hopkins University, Greene relied on loans, scholarships, and part-time jobs to pay for college. He traveled the nation selling circus tickets to pay for his Masters degree at Harvard Business School. Greene began investing in real estate while in business school and bought his first house as an MBA student. He had more than 15 properties by graduation. Last year the billionaire had a net worth of $3.9 billion.

15. Charles B. Johnson

Net worth$5.1 billion
Source of wealthMoney management
Global rank#536
ResidencePalm Beach, Florida
Age89

With a fortune of $5.1 billion, Charles B. Johnson is one of the richest people in Florida. He’s one of the major stockholders of Franklin Resources, a multinational investment management firm founded by his father Rupert Johnson Sr. in 1957.

He’s the former chairman of the firm after spending 56 years at the company. His son Gregory now chairs the company (since 2013). By 2020 Franklin Resources had about $1.4 trillion in assets under management. According to Forbes, the billionaire also owns a 26% stake in the San Francisco Giants baseball team.

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