By Shamatic

Itzhak Ezratti Net Worth 2025: The Billionaire Behind GL Homes

You know what’s truly fascinating? Watching someone build a fortune from scratch and transform it into a multi-billion-dollar empire. That’s exactly the story of Itzhak Ezratti—the mastermind behind GL Homes. As of 2025, Itzhak Ezratti net worth is estimated at $1.87 billion, placing him among the wealthiest real estate developers in the U.S., especially within Florida’s booming housing market.

A Look at His Net Worth Growth

Ezratti’s wealth has seen some fluctuations in recent years. In 2023, his net worth was estimated at $1.6 billion, dipping slightly to $1.5 billion in 2024 due to market shifts. However, 2025 marks a strong rebound, thanks in large part to the continued success and expansion of GL Homes, which he co-founded in 1976.

To put his fortune into perspective, Ezratti earns an estimated $213,000 per day, roughly $8,900 per hour, and nearly $16 million per month—essentially making the average American’s annual salary every single day. It’s a striking example of how strategic investments in real estate, particularly in high-demand markets like Florida, can lead to immense financial success.

Compare net worth with: Misha Ezratti Net Worth

Who Is Itzhak Ezratti? The Visionary Behind GL Homes

Born on October 14, 1952, in Israel, Itzhak Ezratti immigrated to the U.S. and began his career humbly—as a bank teller in Washington, D.C. Later, he moved to Florida, where his real estate journey began. In 1976, he partnered with his father-in-law, Joseph Hanin, to launch GL Homes—an acronym for “Good Luck.”

From modest beginnings, Ezratti grew GL Homes into one of Florida’s largest private homebuilders, delivering over 36,000 homes across southeastern and southwestern Florida. His leadership was particularly pivotal after Hurricane Andrew in 1992, when reconstruction efforts created a major opportunity for growth.

Now 72 years old, Ezratti remains chairman of GL Homes, while his son, Misha Ezratti, serves as president, continuing the family legacy.

Personal Life & Character

Ezratti is known to maintain a low public profile. He has three children, including Misha, and is described as having a strong family foundation. With brown eyes, dark hair, and a Mediterranean appearance, he typically dresses in classic, professional business attire befitting his status as a seasoned executive.

Importantly, Ezratti has steered clear of public controversies, which is notable in such a high-stakes industry. His reputation is built on business acumen, discretion, and long-term thinking. There has been a critical debate over GL homes when they lost a lawsuit over 550-home project (Calusa project).

Education & Career: Learning by Doing

Interestingly, there is no public record of Ezratti holding a formal college degree. Instead, he gained hands-on experience early in his career—first in banking, and then in real estate. This practical background provided him with a strong foundation in finance, investment, and risk management.

The first GL Homes project was a modest duplex in Hollywood, Florida. From there, Ezratti scaled the company by navigating market downturns and seizing opportunities, particularly during Florida’s building booms.

By the early 1990s, GL Homes was selling around 1,000 homes annually. Under his guidance, the company specialized in master-planned communities with high livability and long-term value—helping it stand out in a competitive market.

In 2016, Ezratti stepped down as president but continued as chairman. This smooth leadership transition ensured the company’s continued success under Misha’s stewardship.

Key Achievements & Contributions

Itzhak Ezratti’s influence on Florida’s real estate industry is profound. Here are some of his top accomplishments:

• Co-founded GL Homes (1976) – Now Florida’s largest private homebuilder.
• Built over 36,000 homes, transforming communities across Florida.
• Led GL Homes post-Hurricane Andrew, capitalizing on recovery and rebuilding.
• Pioneered master-planned communities with amenities and infrastructure.
• Oversaw massive revenue growth – From $1.6 billion in 2020 to $3.6 billion by 2022.
• Maintained a stellar reputation for quality and customer satisfaction.
• Ensured generational continuity, passing daily operations to his son.
• Created thousands of jobs, boosting Florida’s economy.
• Invested in land acquisition, growing GL Homes’ asset base.
• Supported local philanthropy and community development efforts.
• Championed sustainability and innovation in housing design.
• Adapted business models during economic downturns and housing booms.

Ezratti’s impact goes beyond numbers—he helped redefine suburban living in Florida and elevated homebuilding standards across the region.

What Does Itzhak Ezratti Look Like?

For those curious about his physical presence, Ezratti is approximately 5’9″ (175 cm) with a fit, average build. He has brown eyes and dark hair, consistent with his Mediterranean heritage. His appearance and demeanor are polished and professional, reflecting his long-standing role in the corporate world.

Does Itzhak Ezratti Use Social Media?

Unlike many modern moguls, Itzhak Ezratti maintains no verified social media accounts. This aligns with his preference for privacy. However, his company GL Homes is active on platforms such as:

• GL Homes on Instagram
• GL Homes on LinkedIn

These channels regularly showcase new developments, community events, and company milestones—offering insight into the empire Ezratti helped build.

FAQs About Itzhak Ezratti

What is Itzhak Ezratti’s nationality?
He was born in Israel and later became a naturalized U.S. citizen, making him Israeli-American.

Is Itzhak Ezratti still involved in GL Homes?
Yes. Although he stepped down as president in 2016, he continues to serve as chairman.

How did GL Homes grow after Hurricane Andrew?
The company quickly mobilized to rebuild homes in South Florida, selling approximately 1,000 homes in the two years following the storm—fueling its expansion.

What’s something people don’t know about Ezratti?
Before entering real estate, he worked as a bank teller—a role that taught him financial fundamentals crucial to his later success.

Final Thoughts: A Real Estate Blueprint for Success

Itzhak Ezratti’s journey—from an immigrant bank teller to a billionaire real estate magnate—is a masterclass in vision, persistence, and smart investing. His legacy is cemented not just in wealth, but in the communities he’s helped build across Florida.