⬅ # 337 Igor Olenicoff|# 339 Charles Simonyi

# 338 Jeff Greene 

$7.89B

Real Time Net Worth
as of 5/21/2024
-$443 (-0.00%)

# 338 Jeff Greene 

$7.89B

Real Time Net Worth
as of 5/21/2024
-$443 (-0.00%)
OccupationFounder and CEO, Florida Sunshine Investments
Source of WealthReal Estate, Investments
Age69
ResidencePalm Beach, Florida
Marital StatusMarried
Children3
EducationMBA, Harvard University; BS, Johns Hopkins University
Age-Adjusted Net Worth$4.29B
Jeff Greene
Jeff Greene
United States
Net worth: $7.89B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Early Life and Education

Jeff Greene was born on December 10, 1954, in Worcester, Massachusetts, to a working-class Jewish family.
After moving to Florida in 1970 due to his father's business loss, Greene graduated from Doherty Memorial High School in Worcester.
He attended Johns Hopkins University, financing his education through scholarships, loans, and part-time jobs, graduating in three years with a B.A. in economics and sociology.
Greene earned his Master of Business Administration (MBA) degree from Harvard Business School in 1977.
During college, Greene taught Hebrew three days a week and worked part-time jobs to support himself.

Career in Real Estate

In 1980, Greene started his real estate career by purchasing his first property, a three-family house, and amassing 18 properties by graduation.
He relocated to Los Angeles in 1980 and initiated his first new construction project four years later, developing office buildings and condominiums.
Since 2007, Greene has focused on real estate projects in Florida, developing significant structures like Cameron Estates and One West Palm, the tallest structures in Palm Beach County.
He has completed various construction projects, including condominium buildings, luxury apartments, and office spaces, in both Los Angeles and Florida.
Greene became a billionaire by trading credit default swaps on subprime mortgage-backed bonds during the housing market crash, influenced by investor John Paulson.

Political Endeavors

Greene spent over $30 million in a failed attempt to win the Democratic primary for governor of Florida in 2018.
In 2010, he ran as a Democrat for the United States Senate seat in Florida but lost in the primary election.
His political platform focused on economic reforms and job creation.
Despite his unsuccessful campaigns, Greene's political aspirations reflect his desire to contribute to public service and enact change.
Greene endorsed Tallahassee Mayor Andrew Gillum after being eliminated in the 2018 Florida Gubernatorial election.

Personal Life

In 2007, Greene married Mei Sze Chan, a Chinese Australian real estate executive, and they have three sons together, residing in Palm Beach.
Mei Sze Chan is twenty years younger than Greene and is an ethnic Chinese refugee from Malaysia.
She first fled to Australia with her family before heading to New York City after college.
Their personal life reflects a commitment to family and a blend of diverse cultural backgrounds.
Greene and Chan have expressed their philanthropic values through participation in the Giving Pledge campaign, pledging the majority of their wealth to charitable causes.

Philanthropy

Jeff Greene and Mei Sze Chan have pledged the majority of their wealth to charitable causes through the Giving Pledge campaign initiated by Bill and Melinda Gates and Warren Buffett.
Their philanthropic efforts aim to address various social and global challenges, including education, healthcare, poverty alleviation, and environmental conservation.

How long would it take you to become as rich as Jeff Greene?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Jeff Greene's net worth of $7.89B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Jeff Greene is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jeff Greene, Real Estate and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey