Rank #1870
Leonard Abess
Net worth $2.3B
Banking · United States
- Born
- Jul 23, 1948
- Age
- 77
- Source
- Banking
- Residence
- Miami, Florida
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Leonard Abess made headlines for gifting $60 million to more than 450 current and former employees of his City National Bank of Florida after selling it for more than $1 billion during the financial crisis.
- His father, Leonard Abess Sr., cofounded the bank in 1946, but sold it in the 1980s. Abess bought it out of bankruptcy a few years later and grew it to nearly $3 billion in assets.
- Since selling the bank, Abess has bought up nearly 4,000 acres of land across Miami and Vermont, some of which he's using to grow limes.
- His company, ThinkLab Ventures, provides capital and financing for commercial real estate development projects.
- It also owns a stake in Jersey Jack Pinball, a leading maker of ?artisanal pinball machines? and previously owned a private jet center near Miami.
- Abess bought Sylvester Stallone's former Miami home for $16.2 million in 1999.
- Abess is on the board of trustees of the University of Miami.