Jorge M.PÃÆ' Â © rez (born October 17, 1949) is an American billionaire real estate developer, art collector, philanthropist and writer. He is known as chairman and CEO of The Related Group. He is ranked 264 on the Forbes 400 list with a net worth of $ 3 billion as of October, 2017. He is a longtime friend of US president Donald Trump and has built a Trump-branded property.
Video Jorge M. Pérez
Early life and education
PÃÆ' Â © rez was born October 17, 1949 in Buenos Aires, Argentina to Cuban parents of Spanish origin. He lived in Colombia before moving to Miami in 1968. His father was the head of a pharmaceutical company nationalized by the Cuban government. He has a bachelor's degree in economics from Long Island University C.W. Post Campus, and a master's degree in urban planning from the University of Michigan.
Maps Jorge M. Pérez
Careers
PÃÆ' Â © rez was the director of economic development with the city of Miami before he entered the real estate business and became a developer. In 1979, he founded the Related Group with the New York builder, Stephen M. Ross. PÃÆ' Â © rez builds its fortune by building and operating low-income multifamily apartments in Miami. The company became the largest affordable housing developer in Florida in the middle of the decade. He then branched out into a rental apartment before becoming one of the most productive high-rise condominium builders in the Southern United States. PÃÆ' Â © rez has owned 50 condo towers in various stages of completion in South Florida, Fort Myers and Las Vegas. He is called "Donald Trump of the Tropics". During his career, PÃÆ' Â © rez has developed or managed over 90,000 residences, mostly located in South Florida. He has worked with many famous designers, architects, and companies, including Philippe Starck, Cesar Pelli, Arquitectonica, David Rockwell, Rem Koolhaas and Karim Rashid.
The Related Group had $ 2.1 billion in revenue in 2004, placing PÃÆ' Â © rez at the top of Hispanic 500 Business over this time period. He is an active democratic fundraiser; he advised Bill Clinton in Cuba during his presidency and was an active fund-raiser for the unsuccessful Senator Hillary Clinton campaign. In 2008, he also hosted and raised money for Barack Obama after he became a Democratic presidential candidate.
On November 18, 2007, the Related Group destroyed Sheraton at Bal Harbor to make way for a new project. The Sheraton at Bal Harbor, originally called Americana, was created by architect Morris Lapidus, who also designed the Fontainebleau Miami Beach and Eden Roc hotel. These buildings inspired the Miami Modern Architecture (MiMo).
With the 2007-2010 financial crisis, many of the Related Group's projects are in financial disputes as buyers, many of whom are speculators, refusing to settle in apartments or banks they refuse to provide home or property investment loans to buyers. As a separate business, PÃÆ' Â © rez makes a hedge fund for buying real estate that is hard. Before the 2007 financial crisis, Forbes set his fortune of $ 1.3 billion. In March 2013, his fortune reached 1.2 billion with a steady rise in Florida real estate prices.
The Related Group has built projects in Argentina, Brazil, Panama, Uruguay and Mexico. The company has completed many condo skyscraper projects including 50 Biscayne, Icon Brickell, Icon South Beach, Murano in Portofino and Paraiso Bay, among others.
In 2017, the company made a breakthrough on 400 luxury apartment projects in Tampa, Florida and also plans to build more than 700 units in West Florida in the coming years. The Related Group opened its office in 2017 in Dallas with plans to build apartments in Denver, Las Vegas, Phoenix and other major Texas markets. In 2018, the Associated Group and the Capital Group Block broke out on a mixed-use development called Bradley, a 175-unit apartment building in Miami. Kravitz Design, musician company Lenny Kravitz, will design the project interior. The Related Group opened Icon Midtown, a high-rise apartment in the Midtown section of Atlanta, in 2018. This is Perez's first complete development in Georgia. Wynwood 25, a partnership between Perez and East End Capital, will provide 289 rental apartments that will range from 400 to 1,200 square feet. Construction is scheduled for completion in 2019.
Philanthropy and art
PerÃÆ'Â © z is the principal funder for the Jorge M. PÃÆ' Â © rez Architecture Center at the University of Miami, which opened in October 2004.
PÃÆ' Â © rez's personal and corporate art collections contain 1,000 pieces and include works by Diego Rivera, Frida Kahlo, Fernando Botero, Roberto Matta, Ruben Torres Llorca, Vhils, Jef Geys, Michael Loew and Pablo Atchugarry.
In December 2011, PÃÆ' Â © rez donated $ 35 million in cash and art to the Miami Art Museum to support the construction of Herzog & amp; buildings designed de Meuron. The museum was renamed PÃÆ' Â © rez Art Museum Miami (PAMM). He donated $ 15 million more to the museum in 2016. Donations include $ 5 million in Cuban contemporary art. He has promised to donate his entire collection to the museum after his death. PÃÆ' Â © rez donated more than 170 works to PAMM until 2017.
In addition to PÃÆ' Â © rez Art Museum Miami, he supports the Miami International Film Festival, the National YoungArts Foundation, the Frost Art Museum at Florida International University, and the University of Miami.
In 2012, he signed the "Giving Pledge," an international effort to address the urgent issue of society by inviting the richest people in the world to do more than half their wealth for charity purposes either in their will or during their lifetime.
Personal life
PÃÆ' Â © rez lives in Miami, Florida, with his wife, Darlene PÃÆ'Â © rez. He has four children. He is a member of the Democratic Party and has worked closely with presidential campaigns for Bill Clinton, Hillary Clinton, and Barack Obama. He is a friend and former business partner of Donald Trump, who wrote the preface for PÃÆ' Â © rez's 2008 book, Powerhouse Principles .
Selected works
- Powerhouse Principles: Main Blueprint for Real Estate Success in an Always Changing Market . New York: New American Library. 2008. ISBNÃ, 0-451-22705-0
References
Source of the article : Wikipedia
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