When you drive through Florida’s most exclusive gated communities, those with pristine landscaping, championship golf courses, and resort-style clubhouses, there’s a strong chance you’re witnessing the work of Misha Ezratti and GL Homes. As president of one of America’s largest privately-held homebuilders, Ezratti has transformed the Florida luxury housing market while accumulating a personal fortune estimated between $450 million and $500 million.

But Misha Ezratti’s story isn’t your typical rags-to-riches tale. Born into real estate royalty as the son of GL Homes founder Itzhak “Itchko” Ezratti, Misha inherited not just a business but a philosophy, one that prioritizes quality, integrity, and community over quick profits. Since taking the helm as president in 2016, he’s expanded the family empire while maintaining the values his immigrant father instilled from day one.

What makes Ezratti’s wealth particularly fascinating is how he’s built it: not through flashy deals or speculative investments, but through the methodical construction of over 100,000 homes for Florida families. His approach combines old-school craftsmanship with modern luxury amenities, creating communities that homeowners return to again and again, some purchasing their second or even third GL Home.

In an industry often criticized for prioritizing profit over people, Ezratti stands apart. His leadership has earned him recognition as a Florida Trend 500 leader, multiple South Florida Business Journal Power Leader Awards, and the Ultimate CEO Award in 2024. Yet despite these accolades and his massive wealth, he maintains a remarkably low profile, preferring to let his company’s work speak for itself.

What is Misha Ezratti’s Net Worth?

Misha Ezratti’s net worth is most credibly estimated at $450-500 million as of 2025, though you’ll find estimates ranging anywhere from $200 million to as high as $1 billion depending on the source and methodology used.

This wide range exists because GL Homes is a privately-held company that doesn’t publicly disclose detailed financial information. Unlike publicly-traded homebuilders where executive compensation and stock holdings are matters of public record, private companies like GL Homes operate with considerably more financial privacy.

The most reliable estimates, those in the $450-500 million range, are based on several verifiable factors:

Equity Ownership in GL Homes: As a family business, Misha holds substantial equity in GL Homes, which generates billions in annual revenue. Industry analysts estimate the company’s total value at $3-5 billion, and Misha’s ownership stake likely represents 10-20% of that total, placing his equity value at $300-500 million.

Executive Compensation: As president of a multi-billion dollar homebuilding company, Ezratti’s annual compensation package likely includes a base salary of $1-2 million plus substantial performance bonuses tied to company profitability and project success. Over his nearly two-decade career at GL Homes, these earnings have accumulated significantly.

Real Estate Portfolio: Beyond his GL Homes stake, Ezratti personally owns high-value properties throughout South Florida, including a mansion in an exclusive area valued at over $20 million, investment properties generating rental income, and development-ready land holdings.

Profit-Sharing Arrangements: As a senior executive and family member, Ezratti benefits from profit-sharing agreements that provide him with a percentage of GL Homes’ annual profits, which run into hundreds of millions of dollars.

More conservative estimates placing his net worth at $200-300 million likely focus solely on his liquid assets and confirmed property holdings, excluding the full value of his GL Homes equity. Meanwhile, estimates reaching $600 million to $1 billion probably assume higher ownership percentages or include projected future earnings.

For comparison, Ezratti’s wealth places him firmly among Florida’s real estate elite, though below the stratospheric levels of national developers like Donald Trump (estimated at $3.5 billion) or Stephen Ross of Related Companies (estimated at $8.4 billion). However, his fortune significantly exceeds that of many publicly-known homebuilding CEOs.

Who is Misha Ezratti?

Misha Ezratti is the president of GL Homes, one of the largest privately-held homebuilding companies in the United States and the dominant luxury homebuilder in Florida. Born in 1979 in Hollywood, Florida, he represents the second generation of the Ezratti family to lead the company his father founded in 1976.

Unlike many executives who climb corporate ladders at multiple companies, Misha’s entire professional career has been dedicated to GL Homes. This singular focus has given him an extraordinarily deep understanding of every aspect of the homebuilding business, from land acquisition to construction management to customer service.

Early Life and Education

Growing up in South Florida during the 1980s and 1990s, Misha was immersed in the real estate world from childhood. His father, Itzhak Ezratti, had immigrated to the United States with entrepreneurial ambitions and built GL Homes from a modest duplex project into a major homebuilding company.

Misha attended Boston University’s Questrom School of Business, where he earned a Bachelor of Science degree in Finance. This educational background provided him with the analytical skills and business acumen necessary to eventually lead a multi-billion dollar company.

But Misha’s real education came from working directly in the family business. Rather than starting in a corner office, he spent years on construction sites, learning from experienced engineers, contractors, and workers. This hands-on approach gave him credibility with GL Homes’ workforce and a practical understanding of construction that many executives lack.

Career at GL Homes

Misha joined GL Homes officially in 2002, though he’d been involved with the company informally since childhood. Over the next 14 years, he worked in virtually every department, construction, land acquisition, design, sales, marketing, and customer service.

This comprehensive experience was intentional. His father wanted to ensure that when Misha eventually took over leadership, he would understand the business from the ground up rather than just reviewing financial reports from an executive suite.

In 2016, Misha was promoted to president of GL Homes, with his father Itzhak transitioning to chairman. This succession had been planned for years and represented a smooth generational transition that many family businesses struggle to achieve.

Leadership Philosophy

Misha’s approach to leadership reflects the values his father instilled:

Respect everyone you work with – From construction workers to executives, every person at GL Homes is treated with dignity.

Exceed expectations – Don’t just meet standards; surpass them consistently.

Never compromise on quality – Cut corners elsewhere if necessary, but never on the homes themselves.

This philosophy has created remarkable stability at GL Homes. The company’s average manager tenure exceeds 22 years, extraordinary in an industry known for high turnover. Employees consistently describe a workplace culture that balances high performance expectations with genuine appreciation for their contributions.

Personal Life

Misha is married to Jessica Millman, a professional ballet dancer whose artistic background contrasts beautifully with his real estate expertise. Their relationship represents a blend of creativity and business acumen that mirrors GL Homes’ approach to residential development.

The couple has a son, continuing the Ezratti family legacy into a third generation. Despite his wealth and prominence in Florida business circles, Misha maintains a relatively private personal life, avoiding the social media spotlight and celebrity culture that many wealthy executives embrace.

He’s known to enjoy golf, boating, and outdoor activities, pursuits that align well with the lifestyle-focused communities GL Homes creates. His passion for architecture and travel reportedly influences the innovative designs featured in GL Homes developments.

The GL Homes Empire: Foundation of Ezratti’s Wealth

To understand Misha Ezratti’s net worth, you must first understand GL Homes, the company that generates his fortune and shapes his professional identity.

The Founding Story

GL Homes was founded in 1976 by Itzhak “Itchko” Ezratti in Davie, Florida. An immigrant with entrepreneurial vision, Itzhak partnered with his father-in-law, Joseph Hanin, to develop a modest duplex project in Hollywood, Florida.

The company name “GL” stands for “Good Luck”, a reflection of the family’s belief that while hard work is essential, good fortune plays a role in success. This humble acknowledgment of fate’s role in business has remained part of the company culture.

In its early years, GL Homes focused on single-family homes in Palm Beach County. Itzhak personally oversaw many aspects of the business, from land acquisition to construction management to customer interactions. This hands-on approach set GL Homes apart in Florida’s competitive real estate market.

The company’s big break came after Hurricane Andrew devastated South Florida in 1992. GL Homes was uniquely positioned to meet the urgent housing needs of displaced residents, and the quality of their construction earned them loyalty from buyers who became lifetime customers.

Growth Under Misha’s Leadership

When Misha assumed the presidency in 2016, GL Homes was already successful. But under his leadership, the company has reached new heights:

Geographic Expansion: GL Homes now operates in markets across Florida, from Naples and Fort Myers on the Gulf Coast to Boca Raton and Palm Beach on the Atlantic side, to Tampa and inland communities.

Production Scale: The company has delivered homes to over 100,000 families, a milestone that few private homebuilders achieve.

Revenue Growth: While exact figures remain private, industry analysts estimate GL Homes generates $2-3 billion in annual revenue, making it one of America’s largest privately-held homebuilders.

Community Development: GL Homes has shifted from building individual homes to creating complete master-planned communities featuring clubhouses, fitness centers, golf courses, parks, lakes, and comprehensive amenities.

What Makes GL Homes Different

In a crowded Florida homebuilding market, GL Homes has distinguished itself through several key differentiators:

Quality Construction: GL Homes uses premium materials and pays meticulous attention to detail. Buyers report that GL homes hold their value better than competitors’, and resale values remain strong even in down markets.

Complete Communities: Rather than just selling houses, GL Homes creates lifestyle destinations. Their developments feature resort-style amenities, social programming, and designs that encourage neighbor interaction and community building.

Customer Loyalty: Many GL Homes buyers return to purchase a second or third home from the company, an extraordinary endorsement in an industry where most people buy from different builders throughout their lives.

Employee Retention: The company’s 22+ year average manager tenure speaks to a culture that values and retains talent, ensuring consistency in quality and customer service.

Family Values: As a family-owned business, GL Homes takes a long-term perspective rather than chasing quarterly profits. This allows them to invest in quality and community in ways that publicly-traded companies often cannot.

Major Developments and Projects

Some of GL Homes’ most notable communities include:

Valencia Sound in Boynton Beach – A luxury active adult community with championship golf, state-of-the-art fitness facilities, and resort-style pools.

Boca Bridges – An upscale development featuring Mediterranean-inspired architecture and comprehensive recreational amenities.

Valencia del Sol in Wimauma – A growing community offering modern luxury living with easy access to Tampa.

Maple Ridge at Ave Maria – A family-friendly community with parks, nature preserves, and top-rated schools.

These projects typically feature homes ranging from $300,000 to well over $1 million, catering to affluent buyers seeking luxury living in well-planned communities.

Breaking Down Misha Ezratti’s Income Sources

Misha Ezratti’s $450-500 million net worth comes from multiple revenue streams, creating a diversified wealth portfolio less dependent on any single source.

GL Homes Executive Compensation

As president of GL Homes, Ezratti receives substantial annual compensation:

Base Salary: Industry standards for presidents of billion-dollar homebuilding companies suggest a base salary of $1-2 million annually.

Performance Bonuses: These are tied to company profitability, project completion, and strategic objectives. In strong years, bonuses can equal or exceed base salary.

Profit-Sharing: As a family member and senior executive, Ezratti likely participates in profit-sharing arrangements that provide him with a percentage of annual profits.

Over his 23-year career at GL Homes (2002-2025), these earnings have accumulated significantly, particularly in recent years as he’s held senior leadership positions.

Equity Ownership in GL Homes

This represents the largest component of Ezratti’s net worth. While the exact ownership structure remains private, family businesses typically distribute equity among family members, with founders retaining the largest stakes and children receiving substantial portions.

If GL Homes is valued at $3-5 billion (a reasonable estimate based on revenue multiples for comparable private homebuilders) and Misha owns 10-20% of the company, his equity stake alone would be worth $300 million to $1 billion. The mid-range estimate of $450-500 million suggests an ownership stake of approximately 12-15%.

This equity has grown substantially in value as GL Homes has expanded under Misha’s leadership, with property appreciation, increased development projects, and growing annual revenues all contributing to higher company valuation.

Personal Real Estate Portfolio

Beyond his GL Homes stake, Ezratti owns valuable personal real estate:

Primary Residence: A luxury home in an exclusive South Florida neighborhood, estimated at $20+ million.

Investment Properties: High-end rental properties in markets like Palm Beach, Boca Raton, and Miami Beach that generate passive income.

Vacation Properties: Likely includes properties in desirable vacation destinations, both for personal use and potential rental income.

Development-Ready Land: Raw land purchased strategically for future appreciation or development opportunities.

These holdings likely total $50-100 million and provide both appreciation potential and income generation.

Private Investments and Ventures

Wealthy real estate executives typically diversify beyond their primary business:

Private Equity Funds: Investments in real estate-focused private equity funds that invest in commercial properties, development projects, and related ventures.

Infrastructure Investments: Positions in infrastructure funds or projects related to Florida’s ongoing development and population growth.

Business Partnerships: Potential stakes in related businesses like construction companies, material suppliers, or property management firms.

High-Yield Investment Funds: Conservative investments generating steady returns to balance the cyclical nature of real estate development.

These diversified holdings likely represent $25-75 million of Ezratti’s net worth, providing stability during real estate market downturns.

Misha Ezratti’s Philanthropic Impact

While Misha Ezratti’s net worth generates public fascination, his philanthropic work reveals values that transcend wealth accumulation. Through GL Homes and personal giving, he’s committed millions to Florida communities.

The “Make a House a Home” Initiative

This signature GL Homes program transforms surplus building materials, appliances, and furnishings into support for low-income families. Rather than disposing of excess inventory, GL Homes partners with organizations to provide these items to families in need.

In January 2025, GL Homes donated high-quality furniture and decor from their Valencia community in Boynton Beach, helping furnish homes for families transitioning out of homelessness. These donations have equipped hundreds of homes, turning empty houses into warm, livable spaces for families who couldn’t afford furnishings.

Partnerships with Habitat for Humanity

Ezratti personally participates in Habitat for Humanity’s CEO Build program, where business leaders physically help construct homes for those in need. This hands-on involvement demonstrates his commitment extends beyond writing checks, he’s willing to pick up a hammer and work alongside volunteers.

GL Homes also donates materials, expertise, and financial support to Habitat projects throughout Florida, helping expand affordable housing options in communities where the company also builds luxury homes.

Focus Areas

GL Homes’ philanthropic strategy concentrates on three primary areas:

Breaking the Cycle of Homelessness: Supporting organizations that provide transitional housing, job training, and support services to help families achieve housing stability.

Combating Hunger: Partnering with food banks and meal programs to ensure Florida families have access to nutritious food.

Supporting Children and Education: Funding educational programs, school improvements, and youth development initiatives in communities where GL Homes builds.

Community Engagement

Beyond organized philanthropy, Ezratti encourages GL Homes employees to volunteer in their communities. The company provides paid time off for volunteer activities and organizes group volunteer events throughout the year.

This approach to giving reflects Ezratti’s belief that building communities means more than constructing houses, it means investing in the people who live in them and addressing the broader needs of society.

Comparing Misha Ezratti to Other Real Estate Moguls

How does Misha Ezratti’s $450-500 million net worth compare to other prominent figures in real estate and homebuilding?

Homebuilding Industry Peers

Richard Gilliam (D.R. Horton CEO): Estimated net worth of $100-200 million from his executive role at America’s largest publicly-traded homebuilder.

Stuart Miller (Lennar Corporation): Net worth estimated at $500 million+ as executive chairman of one of America’s largest homebuilders.

Douglas Yearley (Toll Brothers): CEO of the luxury homebuilder with estimated wealth of $150-250 million.

Ezratti’s wealth exceeds most homebuilding executives, though he operates in a smaller geographic footprint. His advantage comes from family ownership, publicly-traded homebuilder CEOs receive substantial compensation, but they rarely own significant equity percentages in companies worth tens of billions.

Florida Real Estate Developers

Jorge Pérez (Related Group): Cuban-American developer with net worth estimated at $3 billion, primarily from Miami condo developments.

Stephen Ross (Related Companies): Developer of Hudson Yards and major real estate projects, with net worth of $8.4 billion.

Thomas Peterffy: Hungarian-born billionaire who made his fortune in trading but invests heavily in Florida real estate, with net worth exceeding $25 billion.

While these developers have achieved greater wealth, they operate in different segments (commercial real estate, mixed-use developments, condominiums) and on much larger geographic scales. Within the single-family luxury homebuilding niche, Ezratti ranks among Florida’s wealthiest operators.

The Private vs. Public Advantage

Ezratti’s privately-held company structure provides several advantages:

Ownership Concentration: As a family business, the Ezrattis own a much larger percentage of GL Homes than executives at publicly-traded companies own of their firms.

Long-Term Focus: Without quarterly earnings pressure from Wall Street, GL Homes can prioritize quality and customer satisfaction over short-term profits.

Privacy: Private companies disclose far less financial information, allowing the family to operate away from public scrutiny.

Flexibility: Decision-making is faster and more strategic without needing board approvals or shareholder votes.

These factors explain how Misha built a fortune comparable to or exceeding many executives at larger public companies, he owns a substantially larger piece of his business.

The Ezratti Family Legacy

Understanding Misha’s wealth requires understanding the family that built the GL Homes empire.

Itzhak “Itchko” Ezratti: The Founder

Born outside the United States, Itzhak immigrated with entrepreneurial ambitions and limited resources. His partnership with father-in-law Joseph Hanin to develop that first duplex in Hollywood, Florida, in 1976 marked the beginning of a family dynasty.

Itzhak’s approach to business was grounded in values that immigrant entrepreneurs often embody:

Work Ethic: He personally oversaw projects, working long hours and attending to details larger companies overlooked.

Integrity: He believed your word was your bond, and customer satisfaction mattered more than quick profits.

Quality: Cutting corners might save money short-term, but it destroys reputation and long-term success.

Community: He saw homebuilding as community-building, not just transaction completion.

These values became GL Homes’ foundation and the principles Misha inherited when he took over leadership.

The Father-Son Partnership

The transition from Itzhak to Misha as president in 2016 exemplified how family succession should work. Rather than an abrupt handoff or contentious power struggle, the transition was gradual and collaborative.

Itzhak moved to chairman while Misha assumed the presidency, allowing the founder to remain involved while the next generation led day-to-day operations. This structure provided Misha with authority to make strategic decisions while still benefiting from his father’s experience and wisdom.

The smooth transition reflected years of preparation. Itzhak had deliberately exposed Misha to every aspect of the business, ensuring he understood not just the financial side but the practical realities of construction, customer service, and employee management.

Passing Down Values

Misha frequently credits his father as his childhood hero and continues to cite him as an inspiration. In interviews, he emphasizes that he’s not trying to revolutionize his father’s approach, he’s trying to honor it while adapting to changing markets and buyer preferences.

This respect for tradition while embracing innovation has allowed GL Homes to maintain its reputation for quality while evolving its offerings to meet modern luxury standards.

Third Generation Future

With Misha and Jessica’s son representing a potential third generation of Ezratti leadership, the family’s long-term commitment to GL Homes remains strong. Whether the next generation chooses to enter the family business or pursue other paths, the foundation Itzhak built and Misha has strengthened will endure.

Misha Ezratti’s Lifestyle and Personal Interests

Despite his massive wealth, Misha Ezratti maintains a relatively low profile compared to celebrity executives or flashy entrepreneurs.

Private Living

Ezratti resides in an exclusive South Florida community, reportedly in a mansion valued at over $20 million. However, he avoids the ostentatious displays of wealth common among the ultra-rich. You won’t find him posting about private jets or luxury yachts on social media, he simply doesn’t participate in that culture.

This discretion reflects both personal preference and smart business strategy. As the president of a company that sells homes to upper-middle-class and wealthy buyers, appearing too extravagant could alienate customers who might resent perceived excess.

Personal Interests

Golf: Like many real estate executives and affluent Floridians, Ezratti enjoys golf. GL Homes communities frequently feature championship golf courses, and his personal enjoyment of the sport informs his understanding of what golf-loving buyers seek.

Boating: Florida’s waterways offer excellent boating opportunities, and Ezratti reportedly enjoys time on the water, again, an activity that aligns with the lifestyle GL Homes communities promote.

Architecture and Design: His passion for architecture and interest in global design trends influence GL Homes’ aesthetic evolution. He travels internationally, drawing inspiration from European, Mediterranean, and Latin American architectural traditions.

Family Time: Despite demanding professional responsibilities, Ezratti prioritizes time with his wife Jessica and their son, reflecting the family values that define both his personal life and business philosophy.

No Social Media Presence

Unlike many executives who maintain active LinkedIn profiles, post on Twitter, or share on Instagram, Ezratti has virtually no social media presence. This intentional absence reflects his preference for privacy and his belief that actions speak louder than curated online personas.

Future Projections: Where Will Misha’s Wealth Go?

At 46 years old in 2025, Misha Ezratti likely has decades of career ahead. How might his net worth evolve?

GL Homes Expansion

The company continues expanding into new Florida markets and potentially beyond state borders. As GL Homes grows, the value of Ezratti’s equity stake will increase proportionally.

If GL Homes maintains its growth trajectory over the next 10-15 years, the company’s valuation could reach $6-8 billion, potentially pushing Ezratti’s net worth toward $750 million to $1 billion depending on his ownership percentage.

Real Estate Market Factors

Florida’s population continues growing, with thousands of new residents arriving monthly. This demographic trend strongly favors homebuilders, particularly those focused on luxury communities for retirees and affluent families.

However, real estate markets are cyclical. Economic downturns, interest rate increases, or regional challenges could temporarily slow GL Homes’ growth and impact Ezratti’s wealth. His diversified investments help mitigate this risk.

Potential Public Offering

Though unlikely given the family’s preference for private ownership, if GL Homes ever pursued an initial public offering (IPO), it could dramatically increase the Ezratti family’s wealth by establishing a public market value for their equity.

Succession Planning

As Misha considers his eventual succession, questions arise about the business’s future structure. Will his son eventually take over, continuing the family legacy into a third generation? Or might the family eventually sell to a larger homebuilder or private equity firm, converting their equity into cash?

These decisions will significantly impact not just Misha’s net worth but the entire Ezratti family’s financial future.

Frequently Asked Questions

Who is Misha Ezratti?

Misha Ezratti is the president of GL Homes, one of America’s largest privately-held homebuilding companies, specializing in luxury residential communities throughout Florida.

Who is the owner of GL Homes?

GL Homes is owned by the Ezratti family, founded by Itzhak “Itchko” Ezratti in 1976, with his son Misha Ezratti now serving as president since 2016.

Final Thoughts

Misha Ezratti’s net worth of $450-500 million tells a uniquely American story, an immigrant’s son who inherited not just a business but a philosophy, and who’s expanded that legacy into one of Florida’s most successful homebuilding empires.

What distinguishes Ezratti from many wealthy executives is how he’s accumulated his fortune. There are no flashy real estate flips, no speculative bubble-riding, no controversial business practices. Just decades of methodically building high-quality homes in thoughtfully planned communities, treating employees with respect, and investing in the broader community through meaningful philanthropy.

His wealth reflects the compounding power of sustained excellence. By maintaining the quality standards his father established while adapting to evolving buyer preferences, Ezratti has built a company that generates billions in annual revenue while maintaining customer loyalty that competitors envy.

At 46, Misha Ezratti is entering his prime years as a business leader. With Florida’s continued population growth, GL Homes’ strong market position, and Ezratti’s proven leadership, his wealth will likely continue growing for decades.

But perhaps what matters most isn’t the dollar figure attached to his name, it’s what he’s built with that wealth. Over 100,000 families call a GL Home their own. Thousands of employees have built careers at a company known for respecting and retaining its workforce. Countless Florida families have been helped through GL Homes’ philanthropic initiatives.

That’s a legacy worth far more than any net worth estimate