Itzhak “Itchko” Ezratti is one of Florida’s most influential real estate developers and the founder of GL Homes—a powerhouse in luxury community development. As of 2025, his net worth is estimated between $700 million and $1.9 billion, making him one of the wealthiest private developers in Florida. Also read Itzhak Ezratti wife.

This article explores Ezratti’s journey from humble beginnings to becoming a real estate mogul, the growth of GL Homes, and his impact on Florida’s housing market.

Attribute	Details
Full Name	Itzhak “Itchko” Ezratti
Date of Birth	1952
Age (2025)	73 years
Nationality	American (Israeli-born)
Estimated Net Worth (2025)	$700M – $1.9B
Main Source of Wealth	Real Estate Development
Company	GL Homes
Founded GL Homes	1976
GL Homes Revenue (2025)	$1.9 billion
GL Homes Total Assets	$3.75 billion
Homes Built	75,000+
Current Role	Chairman, GL Homes
Current CEO	Misha Ezratti (son)
Residence	Florida, USA

Born in Israel in 1952, Itzhak Ezratti immigrated to the United States in the 1970s. Before entering real estate, he worked in banking and hospitality, gaining valuable business experience. His passion for community-building led him to co-found GL Homes in 1976 with a vision of creating thoughtfully planned neighborhoods in Florida.

GL Homes began with a modest duplex in Hollywood, Florida, but under Ezratti’s leadership, it grew into one of the largest private homebuilders in Florida.

Key Strategies That Drove Growth:

Notable Projects:

Ezratti’s fortune is deeply tied to GL Homes, which remains privately owned. This independence allows long-term strategic planning without Wall Street pressure.

Year	Revenue	Net Income
2020	$1.6 billion	N/A
2022	$3.6 billion	N/A
2023	$1.53 billion	$201.5 million
2025	$1.9 billion	N/A

GL Homes also owns 10,000 acres of prime Florida land, much of it acquired before real estate booms—giving Ezratti a major advantage in development and valuation.

In 2016, Ezratti passed the leadership role to his son, Misha Ezratti, who now serves as President & CEO. Itzhak remains Chairman, ensuring the company’s vision stays intact.

Ezratti and GL Homes are active supporters of:

They contribute over $100,000 annually in donations and materials to underserved communities.

GL Homes set a new standard for luxury living in Florida. With resort-style communities, particularly for retirees, they transformed how Floridians experience homeownership—blending comfort, aesthetics, and lifestyle.

Name	Company	Estimated Net Worth
Donald Bren	Irvine Company	$18+ billion
Stephen Ross	Related Companies	$11+ billion
Itzhak Ezratti	GL Homes (Private)	$700M–$1.9B

While not as wealthy as national developers like Bren or Ross, Ezratti’s regional dominance in Florida makes him a powerful figure in real estate.

Q1: What is Itzhak Ezratti’s net worth in 2025?
Between $700 million and $1.9 billion, depending on GL Homes’ valuation.

Q2: Who runs GL Homes now?
His son, Misha Ezratti, is the President & CEO.

Q3: How many homes has GL Homes built?
Over 75,000 homes across Florida.

Q4: What type of communities does GL Homes develop?
Master-planned, luxury communities for families and 55+ active adults.

Q5: Is GL Homes a public company?
No, it remains privately held.

Itzhak Ezratti’s journey from an Israeli immigrant to a billionaire developer reflects resilience, vision, and strategic thinking. Through GL Homes, he has built more than 75,000 homes and reshaped Florida’s residential landscape.

His story isn’t just about wealth—it’s about building communities, creating jobs, and giving back. With his son now leading the company, Ezratti’s legacy is set to continue for generations.

“Build with integrity. Lead with vision. Grow with purpose.” – The legacy of Itzhak Ezratti.