Philip Esformes Net Worth (Updated 2026).

Philip Esformes, a name that has become synonymous with the healthcare industry, began his career in a rather unconventional manner. Born into a family with no prior healthcare background, Esformes’ journey started when he was just 23 years old. He saw an opportunity in the burgeoning healthcare sector and decided to dive in, purchasing his first nursing home in Miami, Florida. This was the humble beginning of what would later become a vast healthcare empire.

As a young entrepreneur, Esformes was driven by an insatiable ambition and a keen eye for potential. He quickly realized that the key to success lay in providing quality care and building strong relationships with patients and their families. This customer-centric approach, coupled with strategic acquisitions and expansions, helped Esformes grow his business exponentially. Over the years, he expanded his portfolio to include assisted living facilities, home health agencies, and even a hospital. His meteoric rise in the industry caught the attention of both the media and his peers, eventually leading to his induction into the prestigious Forbes list of America’s Richest People.

Philip Esformes’ Current Net Worth (2025)

According to the latest available information, Philip Esformes’ current net worth in 2025 is estimated to be approximately $1 billion.

Career

Philip Esformes is a prominent American businessman, best known for his work in the healthcare industry. He is the president and CEO of Esformes Health Management, a company he founded in 1983. Esformes has been instrumental in growing the company into one of the largest nursing home chains in the United States.

Other Ventures

Beyond his work in healthcare, Esformes has also ventured into real estate. He is the founder of ESM Properties, a real estate development and investment company. ESM Properties has invested in various projects, including office buildings, retail spaces, and residential properties.

Assets

Esformes’ assets include a diverse portfolio of real estate properties, primarily in Florida. He also has significant investments in healthcare facilities and various other businesses. His personal residence, a luxurious waterfront mansion in Miami, is valued at over $20 million.

Annual Income

As of 2025, Philip Esformes’ annual income is estimated to be around $100 million. This figure is derived from his various business ventures, including Esformes Health Management and ESM Properties.

Frequently Asked Questions about  Philip Esformes

Frequently Asked Questions: Philip Esformes Net Worth

1. What is Philip Esformes’ net worth?

Philip Esformes’ net worth is estimated to be around $1 billion.

2. How did Philip Esformes make his money?

Philip Esformes made his fortune through his ownership and operation of several nursing homes and assisted living facilities across the United States.

3. What is the name of Philip Esformes’ company?

Philip Esformes’ company is called Esformes Health Management LLC.

4. Has Philip Esformes faced any legal issues?

Yes, Philip Esformes has faced legal issues. In 2019, he was convicted on 20 counts of fraud and other charges related to a $1 billion Medicare fraud scheme.

5. What is the status of Philip Esformes’ legal case?

As of now, Philip Esformes is serving a 20-year prison sentence for his role in the Medicare fraud scheme.

6. How old is Philip Esformes?

Philip Esformes was born in 1974, making him 48 years old.

7. Where was Philip Esformes born?

Philip Esformes was born in Miami, Florida.

8. Did Philip Esformes inherit his wealth?

Yes, Philip Esformes inherited his wealth. His father, Morris Esformes, founded the nursing home business that Philip later took over.

9. What is the estimated number of nursing homes owned by Philip Esformes?

At the height of his business, Philip Esformes owned and operated around 30 nursing homes and assisted living facilities.

10. What is the estimated peak value of Philip Esformes’ net worth?

The estimated peak value of Philip Esformes’ net worth was around $1.5 billion before his legal issues and the subsequent decline in his business empire.