Itzhak “Itchko” Ezratti is a prominent Israeli-American real estate developer and entrepreneur, best known as the founder and chairman of GL Homes, one of Florida’s largest privately held homebuilding companies. With a career spanning nearly five decades, Ezratti has significantly influenced Florida’s luxury residential market.
Early Life and Background
Born on October 14, 1952, in Israel, Itzhak Ezratti immigrated to the United States, where he began his professional journey as a bank teller in Washington, D.C. His early experiences in finance laid the groundwork for his future ventures in real estate development.
Career and the Rise of GL Homes
In 1976, Ezratti co-founded GL Homes (originally named “Good Luck Homes”) with his father-in-law, Joseph Hanin, in Hollywood, Florida. The company started modestly, constructing a single duplex, but quickly expanded its operations. GL Homes specializes in building luxury residential communities, particularly catering to individuals aged 55 and over. The company’s growth accelerated notably after Hurricane Andrew in 1992, as it played a pivotal role in rebuilding efforts, selling approximately 1,000 homes during that period.
Under Ezratti’s leadership, GL Homes has developed over 75,000 homes across Florida, establishing itself as a key player in the state’s real estate sector. In 2016, Ezratti stepped down as president, passing the role to his son, Misha Ezratti, while retaining his position as chairman.
Net Worth and Financial Standing
As of 2025, Itzhak Ezratti’s net worth is estimated at approximately $1.9 billion, primarily derived from his stake in GL Homes. The company reported revenues exceeding $1.9 billion in 2025, with assets totaling more than $3.75 billion. Ezratti’s wealth also includes investments in stocks and other property ventures, contributing to his financial stability.
Personal Life and Philanthropy
Ezratti resides in Indian Creek, Florida, a prestigious community known for housing several billionaires. He is married and has three children, including his son Misha, who currently serves as the president of GL Homes.
Beyond his business endeavors, Ezratti is recognized for his philanthropic contributions, particularly in the areas of healthcare and education. GL Homes, under his guidance, has supported various charitable organizations, reflecting his commitment to giving back to the community.
Legacy and Influence
Itzhak Ezratti‘s journey from a bank teller to a billionaire real estate mogul exemplifies the impact of vision, determination, and strategic planning. His contributions have not only shaped Florida’s housing landscape but have also set standards in luxury community development. With his son continuing the family legacy, GL Homes is poised to maintain its influential role in the real estate industry for years to come.
FAQs About Itzhak Ezratti
1. Who is Itzhak Ezratti?
Itzhak Ezratti is a real estate developer and the founder of GL Homes, one of Florida’s largest privately held homebuilding companies. He is known for building upscale residential communities, particularly in the 55+ market.
2. What is GL Homes?
GL Homes is a luxury homebuilding company based in Florida. Founded in 1976 by Ezratti, the company has developed over 75,000 homes and focuses on creating upscale, master-planned communities.
3. Where is Itzhak Ezratti from?
He was born in Israel and later moved to the United States, where he launched his real estate career.
4. How old is Itzhak Ezratti?
As of 2025, Itzhak Ezratti is 72 years old, born on October 14, 1952.
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5. What is Itzhak Ezratti’s net worth?
His estimated net worth is approximately $1.9 billion, largely due to his ownership stake in GL Homes.
6. Is Itzhak Ezratti still involved in GL Homes?
Although he stepped down as president in 2016, he remains chairman of the board, and his son Misha Ezratti is now the president of the company.
7. Where does he live?
Ezratti lives in Indian Creek, Florida, a private island community often referred to as “Billionaire Bunker.”
8. Is Itzhak Ezratti involved in philanthropy?
Yes, he is active in philanthropy, supporting causes in healthcare, education, and community development through GL Homes’ charitable efforts.
9. Who is Misha Ezratti?
Misha Ezratti is Itzhak Ezratti’s son and the current president of GL Homes, continuing the family’s real estate legacy.
