Russell Galbut Net Worth (Updated 2025).
Russell Galbut, a name that has become synonymous with real estate development in South Florida, began his career in the early 1980s, working alongside his father in the family business, Crescent Heights. Here, he honed his skills, learning the intricacies of the industry and gaining valuable experience in various aspects of development. His journey to fame started when he took the helm of Crescent Heights in the late 1990s, transforming it into one of the most prominent real estate companies in the region.
Russell Galbut’s Current Net Worth
As of 2025, Russell Galbut’s estimated net worth is around $1.2 billion, according to Forbes.
Career
Russell Galbut is the President and CEO of Crescent Heights, a prominent real estate development company. He co-founded the firm in 1978 and has since been instrumental in its growth, overseeing numerous high-profile projects across the United States.
Other Ventures
In addition to Crescent Heights, Galbut has invested in various other businesses and ventures. He is a co-owner of the NBA’s Miami Heat and has also ventured into hospitality, with interests in several luxury hotels.
Assets
Galbut’s assets include a significant stake in Crescent Heights, as well as numerous real estate properties across the country. His residential portfolio includes luxury apartments and condominiums, while his commercial portfolio comprises office buildings and retail spaces.
Annual Income
Galbut’s annual income is not publicly disclosed. However, given his role at Crescent Heights and his other ventures, it is likely to be substantial. His exact earnings can vary year to year depending on the performance of his businesses.
Frequently Asked Questions about Russell Galbut
**Frequently Asked Questions: Russell Galbut Net Worth**
1. What is Russell Galbut’s net worth?
Russell Galbut’s net worth is estimated to be around $1 billion.
2. How did Russell Galbut make his fortune?
Russell Galbut made his fortune through real estate development and investments. He is the co-founder and principal of Crescent Heights, a real estate development company based in Miami, Florida.
3. What is Crescent Heights known for?
Crescent Heights is known for developing and managing luxury apartment communities across the United States. They have developed over 20,000 apartment units across the country.
4. What other businesses is Russell Galbut involved in?
In addition to Crescent Heights, Galbut is also involved in various other businesses and investments, including the Miami Beach EDITION hotel and the Miami Design District.
5. How old is Russell Galbut?
Russell Galbut was born on April 28, 1969. As of 2023, he is 54 years old.
6. Where did Russell Galbut grow up?
Russell Galbut grew up in Miami, Florida.
7. Did Russell Galbut attend college?
Yes, Galbut graduated from the University of Miami with a Bachelor of Business Administration degree.
8. Is Russell Galbut married?
Yes, Russell Galbut is married. He tied the knot with his wife, Jennifer Galbut, in 2003.
9. Does Russell Galbut have any children?
Yes, Russell and Jennifer Galbut have three children together.
10. What is Russell Galbut’s philanthropic involvement?
Galbut is involved in various philanthropic efforts, including supporting the University of Miami, the Miami Children’s Health Foundation, and the Pérez Art Museum Miami.
