How Much Is Jeffrey Soffer’s Net Worth?

As of 2022, Jeffrey Soffer is a billionaire real estate developer in the United States.

Soffer is the son of Donald Soffer, the creator of the Turnberry Associates real estate company in Florida.

The elder Soffer made his first real estate fortune after creating Aventura, which would later evolve into one of Florida’s wealthiest private enclaves.

Turnberry Associates now has real estate projects in Las Vegas, Orlando, and Arlington, among other places across the United States. They also have a project on the Bahamas’ Paradise Island.

Jeffrey and Elle lived in a $26 million estate that Soffer bought in 2000 throughout their marriage.

The Mediterranean-style home is over 25,600 square feet and is located in Indian Creek, Florida. Jeffrey also owns a ranch in Aspen, Colorado, and a $170 million yacht with a length of 257 feet.

Businessman Soffer Net Worth

In the United States, Jeffrey Soffer is a rich real estate developer with a net worth of $1 billion.

Turnberry develops and operates condos, shopping complexes, and commercial offices, with 20 million square feet of retail space, 1.5 million square feet of office space, 2000 hotel rooms, and over 7000 condos completed to date.

He has developed more than $7 billion in real estate. The Suffers are considered one of America’s wealthiest families.

Jeffrey was Chairman and CEO of Turnberry until 2019 when he and his sister, Jackie, split the company’s assets and he became the sole owner of JW Marriott Turnberry Miami, the Fontainebleau Miami Beach, Turnberry Ocean Club, Turnberry Isle Marina, and the Big Easy Casino.

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Jeffrey Soffer Age And Early Life Details

Jeffrey Miller Soffer was born in the year 1968 in Miami, Florida, and he is 54 years old.

Donald and Carol Soffer are his parents, and his sister, Jackie, is the CEO of Turnberry Associates. Jeffrey has half-siblings Marsha, Jill, Brooke, Abigail, and Rock, and Donald has been married five times.

Soffer began working for his father when he was 17 years old, and because he disliked education, he dropped out of college in 1986 and founded Champion Marine, a boat business.

Jeffrey Soffer Career

Donald Soffer created Turnberry Associates in 1967 after purchasing a 785-acre piece of undeveloped land in Miami-Dade County, Florida.

He erected a mall, condos, and office buildings on the property, and the region was established as Aventura in 1995. Aventura Mall was opened in 1983 and is the country’s fifth-largest mall and one of the country’s highest-grossing shopping malls.

After selling Champion Marine in 1987, Jeffrey joined Turnberry Associates, and his father put him in control of new condo complexes in the 1990s.

Soffer was the first developer in Las Vegas to suggest the notion of creating high-rise condos in 1997, and he claims that Turnberry Place, his first property, sold for more than $1 billion.

After spending over $1 billion on renovations, Soffer purchased the Fontainebleau Hotel for $325 million in 2005 and refurbished it as the Fontainebleau Miami Beach, adding more than 500 rooms, a 40,000 square foot spa, and 11 nightclubs and restaurants.

He staged a $5 million grand reopening party for the Fontainebleau in 2008, which included Victoria’s Secret fashion show and a Mariah Carey concert.

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Jeffrey Soffer Personal Life

Jeffrey started dating supermodel Elle Macpherson in 2009, and the two broke up in early 2012 before reconciling in November after Soffer was hurt in a helicopter accident in the Bahamas.

In the crash, Jeffrey sustained fractured vertebrae and a few damaged bones, and his friend Lance Valdez died. Jeffrey and Elle married in July 2013, and four years later, they divorced.

Before his relationship with Macpherson, Soffer was married to Kimberly, and he has three children from previous marriages.

Valdez’s widow filed a $100 million lawsuit against Jeffrey in December 2013, alleging that Soffer “was dangerously flying and directing the helicopter at the time of the helicopter disaster without an up-to-date and valid helicopter pilot’s license.” Two years later, the lawsuit was dismissed.