Itchko Ezratti Net Worth is between $1 billion and $1.5 billion. And all this comes from GL homes.
GL Homes is one of the most successful privately held real estate companies which Itchko holds.
Known for transforming the Florida real estate landscape with luxurious and meticulously planned communities, Ezratti is a self-made billionaire who built his empire through decades of smart land acquisition, development strategy, and a deep understanding of the housing market.
However, in this article you will earn more than his net worth.you will know how he built this wealth, what are the sources of his income and what’s his legacy in the real estate world.
All these are discussed below:
Who Is Itchko Ezratti?
Itchko Ezratti is an American real estate developer and entrepreneur, best known as the founder of GL Homes, a Florida-based homebuilding company. He launched the business in 1976 under the name Gordon Homes, which later evolved into GL Homes, named after his two children, Gary and Leslie.
Born and raised in the United States, Ezratti began his career in the construction industry at a time when South Florida was beginning to emerge as a booming residential and retirement market. He had the vision to create communities that combined luxury living with practicality, especially targeting middle and upper-middle-class buyers, as well as retirees
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Personal Life and Marriage
Itchko Ezratti is a family man who has always kept his personal life away from the spotlight. He is married, though his wife’s name is not publicly known. Together, they have children, including a son named Misha Ezratti, who now runs GL Homes as its president
Itchko also has other children, including Gary and Leslie, whose initials inspired the name “GL Homes.” His strong bond with his family is clear in the way he built his business with them in mind. While he stays private, it’s known that his family plays a big role in both his life and business.
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The Rise of GL Homes
What started as a small homebuilding company has grown into one of the top 10 privately held homebuilders in the U.S. GL Homes now builds thousands of homes annually, with a reputation for upscale communities, quality construction, and excellent customer satisfaction.
Key Milestones & Itchko Ezratti Net Worth
1976: Gordon Homes was founded by Itchko Ezratti.
1980s–1990s: The company rebranded as GL Homes and expanded across Florida.
2000s: GL Homes began focusing heavily on luxury and 55+ active adult communities.
2020s: The company entered billion-dollar territory, with massive residential developments and strategic land holdings.
GL Homes is especially known for its developments in Palm Beach County, Broward County, and Hillsborough County, creating highly desirable neighborhoods with clubhouses, golf courses, lakes, and resort-style amenities.
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Itchko Ezratti Net Worth: How Much Is He Worth?
Though Ezratti keeps a low public profile and his company is privately held, analysts and industry insiders estimate that his personal net worth falls between $1 billion and $1.5 billion.
This estimate is based on:
- The annual revenue and sales volume of GL Homes, which often exceeds $1 billion.
- The value of land assets and property holdings across Florida.
Ezratti 100% private ownership of the company, giving him full equity in one of the most profitable builders in the country.
Compared to other real estate magnates, Ezratti fortune is impressive because it’s not built on speculative ventures but on stable, long-term community development.
Sources of Itchko Ezratti Net Worth
The following are the main sources of the Itchko Ezratti net worth
1. Residential Real Estate Development
The bulk of Itchko Ezratti wealth comes from residential development. GL Homes builds and sells thousands of homes annually, ranging in price from the mid $400,000s to over $1 million.
Their communities are known for:
- Large floorplans
- Resort-style clubhouses
- Fitness and wellness amenities
- Guard-gated security
- Golf courses and scenic landscaping
These premium features allow GL Homes to maintain high margins on their home sales.
2. Land Banking
GL Homes owns vast tracts of undeveloped land in South and Central Florida. As Florida’s population continues to grow, these land holdings are expected to appreciate dramatically, further increasing Ezratti’s net worth.
3. Private Ownership of GL Homes
Unlike many homebuilders that are publicly traded, GL Homes is 100% privately owned by the Ezratti family. This means no shareholders, no public disclosures, and complete control over company profits.
4. Luxury Adult Communities
GL Homes has a niche focus on 55+ active adult communities, a growing demographic in the U.S. These developments are highly profitable and remain in high demand due to Florida’s status as a retirement haven.
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Business’ Philosophy and Legacy of Itchko Ezratti net worth
Itchko Ezratti is known for his attention to detail, hands-on leadership style, and a customer-first approach to development. Unlike developers who only focus on profits, Ezratti emphasized:
- Design excellence
- Homeowner satisfaction
- Sustainable community growth
This philosophy helped GL Homes earn a reputation not just for beautiful homes but for lasting value.
He is also known to have trained and mentored his team closely, building a strong organizational culture that has carried GL Homes forward for nearly 50 years.
Family Involvement: Who Runs GL Homes Now?
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Today, Itchko Ezratti son, Misha Ezratti, serves as the President of GL Homes. While Itchko has stepped back from the daily operations, he remains a key advisor and figurehead within the company.
Misha is following what his father vision was:
- Quality homebuilding
- Expanding market reach
- Managing billion-dollar developments
This family legacy ensures that GL Homes continues to be guided by the same principles that made it successful.
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Philanthropy and Community Involvement
Although Ezratti is known to be private and media-shy, he and GL Homes have contributed to various charitable causes, including:
- Children’s hospitals
- Educational initiatives
- Housing assistance programs
- Jewish community organizations in South Florida
These efforts reflect Ezratti’s long-standing commitment to giving back to the communities his company helps build.
Final Thoughts – Itchko Ezratti Net Worth
Itchko Ezratti journey from a modest builder to a real estate billionaire is a classic American success story.
However, Itchko Ezratti net worth is estimated to be $1 billion to $1.5 billion, but he remains one of the most influential and quietly successful figures in Florida’s real estate world.
His legacy continues through GL Homes, a company synonymous with high-end, thoughtfully designed communities.
As the company moves into its second generation of leadership under his son Misha, it’s clear that Ezratti’s vision for quality and excellence will continue to shape Florida’s housing landscape for decades to come.
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