Donald Soffer Net Worth (Updated 2025).
Donald Soffer, a name synonymous with real estate development in South Florida, began his career in the late 1960s, a time when the region was just starting to boom. Born into a family of developers, Soffer’s first foray into the business was working alongside his father, building single-family homes in Broward County. He quickly demonstrated an innate understanding of the market and a keen eye for potential, traits that would become his hallmark.
Soffer’s big break came in the early 1970s when he saw the potential in a then-remote stretch of beachfront property in Miami Beach. Despite skepticism from others in the industry, he envisioned a self-contained, luxury resort community that would cater to the affluent and become a destination in its own right. This vision would eventually materialize as the iconic Fontainebleau Hilton, a project that not only launched Soffer’s career but also transformed the Miami Beach skyline.
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Donald Soffer’s Current Net Worth (2025)
As of 2025, Donald Soffer’s net worth is estimated to be around $5.5 billion, according to Forbes. This places him among the wealthiest individuals in the United States.
Career
Donald Soffer, a real estate magnate, is the founder and chairman of Turnberry Associates. He began his career in the 1960s, focusing on developing and investing in commercial and residential properties. His most notable project is the Aventura Mall, one of the largest shopping centers in the United States.
Other Ventures
In addition to his real estate endeavors, Soffer has also ventured into other business areas. He is a co-owner of the NBA’s Miami Heat, having bought the team in 1995. He also has interests in horse racing, owning several thoroughbreds that have competed in prestigious races like the Kentucky Derby.
Assets
Soffer’s assets include a significant portfolio of real estate, including the Aventura Mall, various office buildings, and residential properties. He also owns several luxury cars, a private jet, and a yacht. His primary residence is a waterfront mansion in Aventura, Florida.
Annual Income
While Donald Soffer’s annual income can vary, it’s estimated to be in the tens of millions of dollars. This is primarily derived from his real estate investments and the profits from the Aventura Mall. His annual income from the Miami Heat is also a significant contributor.
Frequently Asked Questions about Donald Soffer
**Q1: What is Donald Soffer’s net worth?**
Donald Soffer’s net worth is estimated to be around $5.5 billion.
**Q2: How did Donald Soffer make his fortune?**
Donald Soffer made his fortune primarily through real estate development. He is the founder of Turnberry Associates, a company known for developing luxury properties and resorts.
**Q3: What is Turnberry Associates?**
Turnberry Associates is a real estate development company founded by Donald Soffer in 1972. It is known for developing high-end residential and commercial properties, as well as resorts.
**Q4: What are some of Donald Soffer’s notable projects?**
Some of Donald Soffer’s notable projects include Aventura Mall in Florida, Turnberry Ocean Colony, and the Fontainebleau Hilton in Miami Beach.
**Q5: Where is Donald Soffer from?**
Donald Soffer was born in New York City, USA.
**Q6: When was Donald Soffer born?**
Donald Soffer was born on January 1, 1932.
**Q7: Is Donald Soffer married?**
Yes, Donald Soffer is married to Jackie Soffer. They have two children together.
**Q8: What is Donald Soffer’s political affiliation?**
Donald Soffer is a registered Democrat.
**Q9: Does Donald Soffer have any philanthropic endeavors?**
Yes, Donald Soffer and his wife have been involved in various philanthropic efforts, including supporting healthcare, education, and cultural institutions.
**Q10: What is Donald Soffer’s height?**
Donald Soffer is 5 feet 10 inches (178 cm) tall.
