Rank #1596
Jorge Perez
Net worth $2.6B
Real estate · United States
- Born
- Oct 17, 1949
- Age
- 76
- Source
- Real estate
- Residence
- Miami, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, CW Post College; Master of Science, University of Michigan
Net worth over time
Biography
- Jorge Perez runs Miami-based real estate developer Related Group, which claims to have developed more than 100,000 condos and apartments since it was founded in 1979.
- As a young urban planner, Perez met developer Stephen Ross, which led to a partnership. Ross' Related Companies held a 25% stake until 2022, when Perez bought it out.
- They built affordable housing in the 1980s, then expanded to market-rate rental apartments and high-end condo construction in the 1990s.
- Perez has started diversifying where he develops, branching out elsewhere in Florida as well as in Arizona, Georgia and North Carolina plus Brazil and Mexico.
- A son of Cuban parents, Perez grew up in Argentina and Colombia before moving to the U.S. for college.
- In 2011 Perez donated $40 million in cash and artwork to the Miami Art Museum, which then agreed to rename it after him. Nicknamed PAMM, it opened in 2013.