Jeffrey Soffer has an estimated net worth of $1.7 billion. He is an American real estate developer who gained recognition beyond the real estate realm for his marriage to supermodel Elle Macpherson from 2013 to 2017.
Jeffrey Soffer is one of the seven children of Donald Soffer, the founder of the Florida real estate empire Turnberry Associates. Donald Soffer initially amassed his real estate wealth by developing Aventura, a community that later evolved into one of Florida’s most affluent private communities.
Net Worth
Jeffrey Soffer is one of the seven children of Donald Soffer, founder of the Florida real estate empire Turnberry, which is renowned for being one of the most affluent private communities in the state. Turnberry is a highly successful real estate firm engaged in developing and managing condos, shopping centers, and commercial offices. Their extensive portfolio includes 20 million square feet of retail space, 1.5 million square feet of office space, 2000 hotel rooms, and over 7000 condos, contributing to a total property development value exceeding $7 billion.
Until 2019, Jeffrey served as the Chairman and CEO of Turnberry. Following a division of assets with his sister, Jackie Soffer, Jeffrey became the sole owner of notable properties, including JW Marriott Turnberry Miami, Fontainebleau Miami Beach, Turnberry Ocean Club, Turnberry Isle Marina, and the Big Easy Casino.
Jeffrey Soffer has an estimated net worth of $1.7 billion.
Profile Summary
| Net Worth | $1.7 billion. |
| Name | Jeffrey Miller Soffer |
| Age | 56 years old |
| Date of Birth | Born in 1968 |
| Place of Birth | Miami, Florida |
| Nationality | American |
| Occupation | Businessperson |
| Parents | Father: Donald Soffer Mother: Carol Soffer |
| EX-wife | Elle Macpherson |
| Child | Logan Soffer |
| Sibling | Jackie Soffer |
| Half Siblings | Marsha Jill Brooke Abigail Rock. |
Biography
Born in 1968 in Miami, Florida, Jeffrey Miller Soffer is the son of Donald and Carol Soffer. His sister, Jackie, holds the position of CEO at Turnberry Associates. Within the Soffer family, Donald, Jeffrey’s father, has been married five times, resulting in Jeffrey having five half-siblings: Marsha, Jill, Brooke, Abigail, and Rock.
Jeffrey’s early involvement in the world of business began at the age of 17 when he joined his father’s ventures. Despite starting college, he found his passion outside academics and decided to drop out. In 1986, he took a bold entrepreneurial step by establishing a boat dealership named Champion Marine. This move marked the initiation of Jeffrey Soffer’s independent journey in the business world.
Career
Donald Soffer, in 1967, established Turnberry Associates and acquired a 785-acre parcel of undeveloped land in Miami-Dade County, Florida. Through strategic development, Soffer transformed the area by constructing a mall, condominiums, and office buildings, leading to the incorporation of Aventura in 1995. The Aventura Mall, built in 1983, became one of the nation’s top-grossing shopping centers and ranked as the fifth-largest mall in the United States.
In 1987, Jeffrey Soffer joined Turnberry Associates following the sale of Champion Marine. Taking charge of new condo developments, he introduced the concept of high-rise condos in Las Vegas in 1997. His first project, Turnberry Place, achieved remarkable success, generating over $1 billion in sales.
In 2005, Soffer acquired the Fontainebleau Hotel for $325 million and embarked on a significant redevelopment project, resulting in the Fontainebleau Miami Beach. The ambitious $1 billion renovation included the addition of 500+ rooms, a 40,000-square-foot spa, and space for 11 nightclubs and restaurants. The grand reopening in 2008 featured a lavish $5 million celebration, including a Victoria’s Secret fashion show and a Mariah Carey concert.
Jeffrey Soffer sold a 50% stake to Dubai-based Nakheel Leisure for $375 million to finance the Fontainebleau Las Vegas. However, funding from lenders ceased when the resort/casino/theater was 70% completed. In response, Soffer filed a lawsuit against lenders to secure the remaining promised loan funds while dealing with legal actions from title companies that had insured the loans.
Business Venture
Jeffery Soffer is the Chairman & CEO of Fontainebleau Development.
Jeffrey, when discussing his new venture, Fontainebleau Development, highlights its diverse portfolio spanning hospitality, residential, retail, commercial, and luxury services sectors. Notable properties under Fontainebleau Development’s umbrella include iconic establishments like Fontainebleau Miami Beach, JW Marriott Turnberry Resort & Spa, JW Marriott Nashville, Hilton Nashville Downtown, SoLeMia Miami, and several residential landmarks such as Turnberry Ocean Club, Turnberry Ocean Colony, Porto Vita, as well as the Tresor and Sorrento towers at Fontainebleau Miami Beach.
Jeffrey also emphasizes the inclusion of premium services in their portfolio, featuring Fontainebleau Aviation, Turnberry Marina, and Turnberry Isle Country Club, along with some of the world’s most renowned and high-grossing destinations in the realms of food, beverage, and wellness. This comprehensive range showcases the breadth and prestige of Fontainebleau Development’s ventures across various sectors.
Personal Life
In 2009, Jeffrey embarked on a romantic journey with supermodel Elle Macpherson. Their relationship faced challenges in early 2012 but reunited in November of the same year after a helicopter accident in the Bahamas. The crash resulted in Jeffrey sustaining injuries, including fractured vertebrae and broken bones, while tragically claiming the life of his friend Lance Valdez. Facing a $100 million lawsuit from Valdez’s widow, who alleged reckless piloting without a valid license, Jeffrey saw the case dismissed two years later.
Jeffrey and Elle decided to marry in July 2013 but eventually separated in 2017. Before Elle, Jeffrey was previously married to Kimberly, with whom he shares three children from their respective previous marriages.
Properties owned by Jeffery Soffer
While they were married, Jeffrey and Elle lived in a fancy $26 million house that Jeffrey bought in 2000. The house is in Indian Creek, Florida, and it’s really big – almost 25,600 square feet. Jeffrey also has a ranch in Aspen, Colorado.
In 2019, Jeffrey spent a whopping $170 million on a huge yacht called MADSUMMER, which is 257 feet long. Operating the yacht costs him between $15-20 million every year. You can often see pictures of MADSUMMER near the coast of Italy.