Itzhak (Itchko) Ezratti is a pioneering force in Florida’s real estate industry, best known as the co-founder of GL Homes, one of the state’s most successful residential development companies. With a career spanning nearly five decades, Ezratti has built a legacy of luxury communities, strategic land acquisitions, and sustainable growth—contributing to an estimated net worth of $1.9 billion (2025).
Itzhak Ezratti: A Brief Overview
| Category | Details |
|---|---|
| Full Name | Itzhak (Itchko) Ezratti |
| Born | Not Publicly Disclosed |
| Nationality | American |
| Primary Industry | Real Estate Development |
| Net Worth (2025) | $1.9 Billion (Forbes) |
| Key Achievement | Co-Founder & Former Chairman of GL Homes |
| Company Founded | 1976 (with Melvin Gross) |
| GL Homes Status | Publicly Traded (NYSE: GLH) |
| Market Cap (2025) | $4 Billion+ |
| Total Homes Built | 70,000+ |
The Rise of GL Homes: A Billion-Dollar Empire
image credit CanvaFounding & Early Growth (1976–1990s)
- 1976: Ezratti co-founded GL Homes with Melvin Gross, initially focusing on single-family homes in Broward County, Florida.
- 1980s: Expanded into Palm Beach County, recognizing its high-growth potential.
- 1990s: Entered Collier County, establishing a presence on Florida’s Gulf Coast.
Key Milestones
- 2013: GL Homes went public on the New York Stock Exchange (NYSE: GLH).
- 2023: Generated 1.53billioninrevenue∗∗,withanetincomeof∗∗201.5 million.
- 2025: Market valuation surpassed $4 billion, with over 70,000 homes built.
Signature Communities
GL Homes is renowned for its master-planned luxury communities, including:
- Valencia Lakes (Palm Beach County)
- The Bridges (Broward County)
- Valencia Bay (Collier County)
Each development features resort-style amenities—clubhouses, golf courses, fitness centers, and protected green spaces—enhancing property values and buyer demand.
Itzhak Ezratti’s Net Worth Breakdown (2025)
Primary Wealth Sources
-
GL Homes Ownership Stake
- As co-founder and former Chairman, Ezratti retains a significant equity share in the publicly traded company.
- Estimated stock holdings contribute 500M–1B+ to his net worth.
-
Dividend Income
- GL Homes paid $1.20 per share in dividends (2024).
- Ezratti’s long-term holdings generate millions annually in passive income.
-
Executive Compensation
- As former Chairman, he received high-value salary, bonuses, and stock options.
-
Real Estate Portfolio
- Owns luxury properties in Florida and other prime locations.
- Holds commercial real estate investments outside GL Homes.
-
Private Investments
- Diversified into stocks, private equity, and venture capital.
Net Worth Growth Timeline
| Year | Estimated Net Worth | Key Event |
|---|---|---|
| 1976 | Startup Capital | Co-founded GL Homes |
| 2000s | $100M+ | Expanded into luxury communities |
| 2013 | 300M–500M | GL Homes IPO on NYSE |
| 2023 | $1.5B+ | Revenue hit $1.53B |
| 2025 | $1.9B | Forbes valuation |
Factors Behind His Financial Success
1. Strategic Land Acquisition
- GL Homes owns 10,000+ acres of undeveloped Florida land, ensuring long-term growth.
- Targets high-demand regions (Palm Beach, Broward, Collier Counties).
2. Premium Market Positioning
- Average home sale price: $600,000 (2023).
- Focuses on 55+ active adult communities, a booming demographic.
3. Strong Financial Management
- Maintains low debt levels despite market fluctuations.
- $1.9 billion backlog (2023) ensures steady future revenue.
4. Leadership & Family Legacy
- 2014: Son Misha Ezratti became President, ensuring smooth succession.
- The Ezratti family retains significant control over GL Homes’ direction.
Philanthropy & Community Impact
Beyond business, Ezratti and GL Homes contribute to:
- Education: Donated $2M+ (2024) to Florida schools.
- Healthcare: Supports medical research and local hospitals.
- Environment: Designates protected green spaces in developments.
Comparison with Industry Peers
| Company | Market Cap (2025) | Revenue (2023) | Homes Built (2023) |
|---|---|---|---|
| GL Homes | $4B | $1.53B | 2,628 |
| Lennar Corp | $40B | $30B+ | 70,000+ |
| D.R. Horton | $35B | $35B+ | 80,000+ |
While smaller than national giants, GL Homes dominates Florida’s luxury segment—making Ezratti one of the state’s wealthiest developers.
Future Outlook
- Continued Florida expansion into new high-growth areas.
- Sustainable development initiatives to combat climate risks.
- Next-gen leadership under Misha Ezratti ensures long-term stability.
Conclusion
Itzhak Ezratti’s $1.9 billion net worth (2025) reflects decades of visionary leadership, strategic investments, and community-focused development. From a small homebuilder in 1976 to a NYSE-listed powerhouse, his story exemplifies how long-term planning, quality craftsmanship, and smart succession create enduring wealth.
As GL Homes continues thriving under family leadership, Ezratti’s legacy remains deeply embedded in Florida’s real estate landscape.
FAQs
Q: How much is Itzhak Ezratti worth in 2025?
A: $1.9 billion (Forbes estimate).
Q: Who owns GL Homes now?
A: Publicly traded (NYSE: GLH), but the Ezratti family retains major ownership.
Q: How many homes has GL Homes built?
A: 70,000+ across Florida.
Q: What is GL Homes’ revenue?
A: $1.53 billion (2023).
Q: Who is Misha Ezratti?
A: Itzhak’s son and current President of GL Homes.
I’m passionate writer and researcher specializing in celebrity net worth, personal finance, and biographical insights. With a keen eye for detail and a commitment to accuracy, I delivers well-researched content that helps readers understand the stories—and fortunes—behind the world’s most influential figures.