How he made his money: Real estate investments, and his acquisition and development of Heico Corp. Nothing in the world can take the place of persistence. As a result, some senior women then leave to become entrepreneurs. The 400 richest Americans, including U.S. citizens now living abroad, ascompiled by Forbes magazine, as of Aug. 27. He continues to hold sizable equity stakes in publicly traded companies, among them Psychemedics, which tests for drug abuse through analysis of hair samples, and Swisher Hygiene, a provider of institutional and industrial cleaning chemicals and restroom cleaning and restocking services. He liked what he saw. “I had agreed to become chairman several years ago when the then-chairman became ill,” Frost said in a phone interview. Over the years, Braman Motors has added not only new locations but also new brands to its automotive product line. “There’s a growing trend where people spend six months and a day in Florida and maybe the balance [of the year] elsewhere, maybe California or Manhattan,” to qualify as Florida residents for tax purposes, Navas said. His 1987 autobiography, The Art of the Deal, has sold more than 3 million copies. “I really believe you have to stand for something in life,” he said. And entrepreneurship may also be the path for people of color. He co-founded the company in 1980 with his wife, Neerja Sethi, who has served as a director and vice president, corporate affairs, throughout the company’s 34-year history. The story: Charles B. Johnson, 81, retired in June 2013 as chairman of the board of Franklin Resources Inc., a San Mateo, California-based money management company doing business as Franklin Templeton Investments. “We have acquired over 60 businesses since, but all of our original roots are firmly planted in South Florida.”. “It doesn’t matter what you do, if you really like it,” he said. Since the 1972 startup of Carnival, “I’ve spent the better part of my life working in Miami and building the company from three ships to a fleet of more than 100 ships.” South Florida “continues to help drive our growth,” he said, citing easy access to the Caribbean “and the beautiful setting here.”. Our tag line is ‘Ignore the Crowd,’ and our location here helps us maintain our distance and independence from the chatter of Wall Street.”. There are no rebills. With 2013 revenue of $3.7 billion, Watsco is now the largest distributor of air conditioners, and heating and refrigeration equipment in its industry. “For lots of people, their businesses are more fluid … There are a lot of businesses you can conduct and live here in South Florida as your main residence,” Hertzberg said. According to Forbes magazine, Icahn bought a 14,000-square-foot Indian Creek Island vacation home in foreclosure for $7.5 million in 1997, long before most of the wealthiest residents of the island village in northeast Miami-Dade bought homes there. “Building on a successful business is a simpler, lower risk idea than starting from scratch,” Nahmad said in an email exchange. read article . Many of these 25 success stories are familiar to the South Florida public, including longtime locals Miami Heat owner Micky Arison, the CEO of cruise giant Carnival; serial entrepreneur H. Wayne Huizenga; and activist and auto dealer Norman Braman. Cisneros Group, for example, is led by CEO Adriana Cisneros, daughter of board chairman Gustavo Cisneros. The story: Robert E. Rich Jr., 73, followed in his father’s footsteps and built the family business with a focus in frozen food products. 3. Wealth Editors: Luisa Kroll and Kerry A. Dolan, Deputy Editors: Keren Blankfeld and Dan Alexander, Country Editors: Graham Button, Russell Flannery, Naazneen Karmali, John Koppisch, Tatiana Serafin, Nathan Vardi, Wealth Team: Elena Berezanskaya, Maggie Chen, Max Jedeur-Palmgren, Andrea Murphy, Chase Peterson-Withorn, Katia Savchuk, Chloe Sorvino, Kate Vinton, Jennifer Wang, Reporters: Forbes Indonesia, Forbes Korea, Forbes Mexico, Forbes Middle East, Forbes Russia, Forbes Turkey, Isabel Albino, Lateshia Beachum, Abram Brown, Deniz Cam, Caroline Chen, Grace Chung, Muhammad Cohen, Antoine Gara, Ricardo Geromel, Christopher Helman, Neerja Pawha Jetley, Arooba Khan, Li huimin, Zina Moukheiber, Micah Park, Anuradha Raghunathan, Saritha Rai, Leonard Schoenberger, Bartie Scott, Jessica Tan, Michela Tindera, Photo Research: Merrilee Barton, Gail Toivanen, Kristine Gentile Smith, Database: Dmitri Slavinsky, Ken Barney, Sherry Xia, Additional Reporting: Forbes Africa, Forbes Czech Republic, Forbes Japan, Forbes Kazakhstan, Forbes Poland, Forbes Romania, Susan Adams, Yuri Aksyonov, Kurt Badenhausen, Kim Bode, Erin Carlyle, Nilg un Cavdar, Kathleen Chaykowski, Shu-Ching Jean Chen, Chris Erb, Daniel Fisher, Sean Kilachand, Alex Konrad, Ernesto Linares Mascaro, Nicole Lindsay, Ryan Mac, Jan McCallum, Joann Muller, Johannes Musial, Suzanne Nam, Lan Anh Nguyen, Mfonobong Nsehe, Clare O’Connor, Robert Olsen, Parmy Olson, Natalie Robehmed, Matt Schifrin, Lucinda Schmidt, James Simms, Brian Solomon, Natalie Sportelli, Deborah Steinborn, Yuelun Sun, Glenda Toma, Tim Treadgold, Ozer Turan, Designers: Andres Jauregui, Nicholas DeSantis, QA: Kaushal Shah, Francesca Diaz, Titiksha Sukhadia, Bebin George, Video: Cara Cosentino, Amanda Tallini, Gregory Anderssen, Kelly Appleton, Meghan Christensen, Dikenta Dike, Morgan Sun, Brian Petchers, Tom Pierson, Will Sanderson, Kirsten Taggart, Kieran Meadows, Chad McClymonds, Matt Kang. 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