Meet Itchko Ezratti: The Man Behind Florida’s Luxury Homes
Itchko Ezratti isn’t just a real estate developer he’s a dream builder. As the man behind GL Homes, one of Florida’s most successful homebuilders, Ezratti turned a small business idea into a luxury real estate empire. His journey from modest beginnings to a billionaire businessman is full of smart moves, hard work, and bold vision.
Humble Beginnings to Big Dreams
Born in 1952 in Israel, Ezratti moved to the U.S. as a child and grew up in Washington, D.C. He started his career as a bank teller, where he learned valuable lessons about money, service, and people skills that would shape his future success.In 1976, at just 24 years old, he teamed up with his father-in-law, Joseph Hanin, to launch a new homebuilding company in Coral Springs, Florida. They called it GL Homes, short for “Good Luck”a name full of hope and ambition.
Building the GL Homes Empire
With Ezratti at the helm, GL Homes quickly grew from a small local builder into one of Florida’s top real estate developers. The company became known for crafting luxury, resort-style communities, especially for the 55+ active adult market.
Some of their standout projects include:
- Valencia Grand in Boynton Beach
- Lotus Palm in Boca Raton
These neighborhoods don’t just offer homes they provide a lifestyle. Think resort pools, fitness centers, cafes, walking trails, and social clubs. As of 2025, GL Homes has built over 100,000 homes, a stunning number that speaks to the company’s reputation and reach.
So, What’s Itchko Ezratti’s Net Worth?
While GL Homes is a privately-owned company and exact numbers aren’t public, industry experts estimate Itchko Ezratti’s net worth to be between $700 million and $2 billion.Most of this wealth comes from his stake in GL Homes, which continues to grow and thrive now run by his son, Misha Ezratti, who is carrying the legacy forward as company president.
More Than Homes: Smart Investments That Built Wealth
Ezratti didn’t stop at real estate. He wisely diversified his portfolio with investments in:
- Technology
- Hospitality
- Renewable Energy
He’s especially interested in green building tech, helping GL Homes stay ahead by offering eco-friendly features in modern homes, a smart move in today’s market.
Giving Back: Philanthropy Close to His Heart
Itchko Ezratti believes in giving back. Through GL Homes, he has funded several charitable programs that focus on housing, education, and hunger relief. One standout project is the “Good Night’s Sleep” program, which provides beds and furniture to people transitioning out of homelessness. He also supports The Lord’s Place Meal Mobile, delivering over 11,000 meals to people in need across Florida.These efforts show his deep commitment to helping others and building better communities not just homes.
Tough Decisions & Public Criticism
Like many big developers, Ezratti has faced his share of challenges. Some of GL Homes’ projects have sparked criticism from environmental groups and local residents, especially plans to build in sensitive areas like Palm Beach County’s Agricultural Reserve.Critics worry about losing green space, while Ezratti has tried to find a balance between development and preservation. These debates show the tough choices developers face in a growing state like Florida.
Looking Ahead: The Future of GL Homes
Even in 2025, Ezratti stays active in the business, working alongside his son to lead GL Homes into a new era. Their focus?
Sustainable, well-designed communities
Eco-conscious building
Lifestyle-driven experiences for homeowners
With Florida’s population growing fast, the demand for quality housing is strongand GL Homes is well-positioned to keep leading the way.
Final Thoughts: A Legacy Built on Vision and Values
Itchko Ezratti’s rise from a young immigrant to a billionaire homebuilder is a story of grit, vision, and heart. He turned a simple idea into a company that not only builds beautiful homes but also helps shape stronger communities.His legacy lives on through his family, his company, and the thousands of people who now live in homes he made possible.
For more inspiring stories from the world of real estate, visit https://forbe.ca/
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