Forbes: 2014 Was Best Year Ever For Related Group, Jorge Perez Worth A Billion More

2014 Was the most profitable year ever for Related Group, helping Jorge Perez to increase his net worth by over 50%, Forbes wrote.

The magazine’s latest survey of billionaires lists Perez’s net worth at $3.1 billion. Just 12 months ago, the magazine estimated his worth at $2 billion. In 2013 he was valued at $1.2 billion.

The magazine wrote that Related has profited during the latest boom thanks to a business model requiring high down payments from condo buyers, helping the developer to avoid high debt.

Dolphins owner (and Perez partner) Stephen Ross has also seen his net worth increase by over $1 billion last year. The magazine estimates that Roos is worth $6.5 Billion, compared to $5.4 billion last year.

Faena Miami Beach developer Len Blavatnik was ranked 41 on the Forbes list, with a net worth of $20.2 billion. Bernard Arnault, whose L Real Estate is developing the Miami Design District project with Craig Robins, was ranked 13 with a $37.2 billion net worth.