There are builders who put up houses. Then there’s Itzhak Ezratti — a man who spent four decades turning raw Florida land into aspirational communities that hundreds of thousands of families now call home. While he doesn’t show up on Forbes’ flashiest lists or headline tech podcasts, his financial footprint in American real estate is anything but small.
So, what exactly is Itzhak Ezratti’s net worth? Let’s dig into the numbers, the history, and the family story behind one of South Florida’s most respected names in residential development.
The Man Behind the Empire
Itzhak Ezratti is the founder and CEO of GL Homes, a privately held homebuilding company headquartered in Sunrise, Florida. He launched the company in 1976 — the same year the U.S. was still recovering from a housing recession — and turned it into one of the top 20 largest homebuilders in the United States by volume.
GL Homes operates primarily in Florida, with a focus on master-planned communities targeting middle-to-upper income buyers. The company has delivered over 40,000 homes across more than 100 communities. That’s not a marketing stat — that’s nearly half a century of compounding execution.
Itzhak Ezratti Net Worth: What the Numbers Suggest
Because GL Homes is privately held, Ezratti’s exact net worth is not publicly disclosed. However, industry analysts and real estate watchers estimate Itzhak Ezratti’s net worth at approximately $1.5 billion to $2 billion, based on GL Homes’ annual revenues, land holdings, and market positioning.
GL Homes reportedly generates between $1.5 billion and $2 billion in annual revenue during peak market years. In 2021 and 2022, when Florida experienced an unprecedented migration-driven housing boom, the company moved inventory at record pace — some communities in Palm Beach County sold out within 48 hours of opening for reservations.
A Family Business With Real Roots
What separates Itzhak Ezratti from many developers is the family-first culture he built inside the company. His son, Misha Ezratti, now serves as President of GL Homes, making this a genuine multi-generational business — rare in an industry where corporate acquisitions are the norm.
Itzhak Ezratti’s wife has largely stayed out of the public spotlight, which is a deliberate choice the family has maintained over the decades. Sources close to the company describe the Ezratti household as grounded and private — not the penthouse-and-yacht profile you might expect from a billionaire builder. One longtime GL Homes employee, who asked to remain anonymous, shared: “Itzhak used to walk job sites himself, even in the early 2000s. He knew the names of the subcontractors. That’s not something you see at that level.”
Another industry contact noted: “He built GL Homes on handshake trust. The subcontractor relationships go back 30 years with some of these guys.”
What Makes GL Homes Different
GL Homes targets a specific buyer: the move-up purchaser, typically 45–65 years old, often semi-retired or relocating from a high-tax Northern state. Their communities — like Boca Bridges in Boca Raton and Lotus Palm in Palm Beach County — feature resort-style amenities, gated entries, and custom finish options that compete directly with custom builders at lower price points.
Boca Bridges, one of their flagship communities, features homes ranging from $1.5 million to over $4 million. The development sold out most phases within weeks of release — a performance that any public homebuilder would envy.
FAQs About Itzhak Ezratti
Q: What is Itzhak Ezratti’s net worth in 2024? Industry estimates place Itzhak Ezratti net worth between $1.5 billion and $2 billion, though no official figure has been confirmed since GL Homes remains privately held.
Q: Who is Itzhak Ezratti’s wife? Itzhak Ezratti wife has chosen to remain outside the public eye. The family is known for maintaining a very private personal life despite their significant business profile.
Q: What company does Itzhak Ezratti own? Itzhak Ezratti is the founder and CEO of GL Homes, one of Florida’s largest residential homebuilders, headquartered in Sunrise, Florida.
Q: How many homes has GL Homes built? GL Homes has delivered over 40,000 homes across more than 100 communities in Florida since its founding in 1976.
Q: Is GL Homes a public company? No. GL Homes is privately held, which is why detailed financial disclosures about Itzhak Ezratti’s personal wealth are not publicly available.
The Bottom Line
Itzhak Ezratti built his fortune the slow way — one community at a time, over nearly 50 years, in one of America’s most competitive real estate markets. While his name may not trend on social media, his communities shape the daily lives of tens of thousands of Florida residents. For anyone tracking serious, long-view wealth creation in U.S. real estate, Itzhak Ezratti is a case study worth understanding.
