One-time billionaire Itzhak Ezratti started from humble beginnings and worked his way to the top, becoming a figure who could not be stopped in the real estate world. Ezratti net worth in 2025 is estimated at $1.9 billion, making him one of the most influential real estate entrepreneurs in the Florida marketplace. This article also discusses Itzhak’s successful career, GL Homes’ success, and the impact of his business empire on the Florida housing market.
Humble Beginnings to Entrepreneurial Giant
Itzhak Ezratti was born in 1952 in Israel and came to the United States to achieve success. Ezratti worked as a bank teller in Washington, D.C., before heading to Florida, where he later co-founded GL Homes in 1976 alongside his father-in-law, Joseph Hanin. GL, shorthand for “Good Luck,” the name of the company represents good fortune and hard work, as this is the way they would make their brand.
Founding GL Homes
Small to start, GL Homes began by building modest homes. But Itzhak’s vision soon expanded beyond the mechanics of construction. He aimed to build whole communities — lifestyle-oriented, luxury enclaves with resort-style amenities. The company’s first breakthrough came in the aftermath of Hurricane Andrew in 1992, when the storm’s devastation created a pressing need for high-quality homes. GL Homes responded and has since not only rebuilt communities but also solidified its place as a well-respected name in Florida’s real estate landscape.
Luxury Living for All Ages
Among Itzhak Ezratti’s most significant contributions to the Florida housing realm has been emphasizing 55+ communities, specifically the Valencia series of homes. These are luxury developments that cater to the active adult lifestyle, offering amenities such as golf courses, fitness rooms, clubhouses, and pools. By pairing beautifully designed homes with outstanding amenities, Ezratti transformed what were once staid retirement communities into exciting, active destinations with luxurious amenities.
Transitioning Leadership
In 2016, Itzhak Ezratti, the company’s president who had led it to success for four decades, stepped down and took on the position of chairman at GL Homes. His son, Misha Ezratti, who grew up in the business, became Genting’s president and chief executive in 2017. Under Misha’s direction, GL Homes has expanded and grown to operate in exciting new markets, while continuing to provide quality new homes in Florida for its residents. Despite Itzhak’s reduced involvement in the day-to-day, his impact is still felt as the company looks ahead.
The GL Homes Legacy
Today, GL Homes is among Florida’s largest and most reputable homebuilders. The corporation has built homes for over 100,000 residents and continues to focus on developing high-quality, master-planned communities. Those are the places to be right now and for the foreseeable future if you’re in the market for a home in Florida, for families, retirees, and active adult buyers alike. Now, the company’s dedication to excellence, which Itzhak established, is an integral part of GL Homes.
Itzhak Ezratti’s Wealth
In 2025, the net value of Itzhak Ezratti is said to be $1.9 billion. This fortune is largely anchored in GL Homes and its continued dominance of Florida’s housing market. In addition to the success of GL Homes, Itzhak has also invested in a variety of other industries, including hospitality, technology, and premium real estate. These investments have helped to pad his burgeoning fortune, which has always been a boon in his quest to become a real estate tycoon.
Who Owns GL Homes?
The Ezratti family still owns GL Homes, and Itzhak remains chairman of the company, while his son, Misha Ezratti, is the president and CEO. This family ownership has provided the company with the continuity and stability necessary to maintain the constant values of quality, trust, and excellence that have been passed down through generations.
Itzhak Ezratti’s Personal Life
Itzhak Ezratti resides in Indian Creek, Fla., an affluent enclave home to luxury properties known for their exclusiveness. Despite his level of fame, he has managed to maintain considerable privacy regarding his personal life. He’s a married father of three – his son, Misha, is one of the biggest names in business. The Ezratti’s remain private and focused on their business, growing the firm and their private lives out of the spotlight.
Future of GL Homes
GL Homes is still a powerhouse in South Florida real estate under Misha Ezratti. In addition to upholding the company’s legacy of constructing top-tier homes, Misha has further enhanced its offerings, now ensuring standards of luxury in developments across various locations. The company’s successful move into other regions of the United States is just on the horizon, making the Ezratti family name a nationally recognized one.
Conclusion
Itzhak Ezratti went from a bank teller to a billionaire real estate tycoon in a tale of determination, vision, and hard work. He’s changed the way Florida residents think about communities with GL Homes; expectations for luxury living have been taken to a whole new level with GL Homes. The size of his net worth, estimated at $1.9 billion, is a measure of how well his ventures have fared, and his wealth, like Divine’s, will endure through his family and his company. With Misha Ezratti now the vanguard, the Ezratti family will continue to be a significant force in real estate well into the future.
Frequently Asked Questions (FAQ)
1. What is Itzhak Ezratti net worth in 2025?
Itzhak Ezratti has an estimated net worth of 1.9 billion as of 2025. His fortunes are mainly due to his thriving real estate company, GL Homes, and prudent investments in numerous areas.
2. How did Itzhak Ezratti become so wealthy?
Itzhak Ezratti developed his wealth by being one of the founders of GL Homes in 1976. It evolved into one of the largest homebuilders in Florida, focusing on both luxury and master-planned communities. His prosperity is further enhanced by his investments in hospitality, technology, and luxury real estate.
3. What does the GL in GL Homes stand for?
GL Homes’ abbreviation GL represents Good Luck, which is one of the guiding values that embodies the implication of hard work and dedication that went into building the company’s success.
4. Who owns GL Homes now?
The Ezratti family still owns GL Homes, whose chairman is Itzhak, and its president and CEO changed to his son, Misha Ezratti, in 2017.
5. What are 55+ communities, and how are they different from regular communities?
55+ facilities are visited by older people, mostly those 55 years and above, and the facilities have been designed with their requirements in mind. The lifestyle created in such luxury residential communities is active, featuring golf courses, clubhouses, fitness centers, and more.
6. What is the future of GL Homes?
Under the leadership of Misha Ezratti, GL Homes is set to expand further, developing new luxury projects in different regions. The company’s focus on quality, lifestyle, and resort-style communities ensures its continued success.
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