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Schmieding is among the few on our list who are entirely self-made and who made their money in Florida. While South Floridas economy turns largely on trade and tourism, the areas richest residents have made their money in a broader mix of industries and professions often linked to geography and the vibrant, entrepreneurial spirit unrestricted by the generations-old social structure of cities like New York and Chicago. How Steve Harvey Earns And Spends His $200 Million Net Worth - TheThings 5 Charles Johnson, 84 $5.7 billion Palm Beach. Tampa Bay Buccaneers owner Malcolm Glazer, No. Ross once was majority owner of Miami uber-developer Jorge Prezs company. Become a member to support the independent voice of South Florida Also, its a great business area with a very pro-business and entrepreneurial atmosphere.. The 25 wealthiest South Floridians | Miami Herald Owned by Gail and James McCready. He took over as head of the World Surf League, a venture into which Ziff has put a reported $30 million. Steven Haworth "Steve" Miller Quick Info. We have two other players with similar names. The worlds No. This amount is from his extensive career as a journalist among other investments. With the founders son Gustavo at the helm, Cisneros Group grew to become one of the largest privately held media and entertainment conglomerates. His net worth is an estimated $400 million That number is according to numerous sources, which is equal to the amount he paid for the team in 2004. Russia-born, Harvard- educated Blavatnik resides in London and New York, but in Miami he has invested with Argentine developer Alan Faena on Faenas Miami Beach arts district, a block including the ultra-luxe Faena Hotel, a condo tower with a $60-million double penthouse bought by Chicago hedge fund head Ken Griffin and since relisted for $73 million and other spaces public and private. 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. 18 Richard Schulze, 76 $3 billion Bonita Springs. Huizega said in an email exchange that he advises people starting their own business to surround yourself with great people. Whats happened now is a whole different, almost sport, where people are getting into real estate in a very strong way and understanding it as a business opportunity, not just a place to live, or a second home, said Hertzberg, who markets herself as part of a team called The Jills with another Coldwell Banker agent, Jill Eber. Lots and lots of money. How he made his money: Started in the construction business with his father in Brooklyn, became a successful Manhattan real estate developer, diversified into book publishing and television production. Aside from owning an entire street by the Palm Beach International Equestrian Center in Wellington, Bill Gates, the worlds richest man, owns or has invested in Florida farmland, in Tampas Channelside and Fort Lauderdale-based car dealer AutoNation, among others. How he made his money: Office and residential buildings in Florida, California, Nevada and Arizona. Steve Harvey is a well-known stand-up comedian and game show host, who also has a hand in writing, producing, and film acting. Our real estate cannot be imported nor exported., Olenicoff said South Florida accounts for a solid 30 percent of my company's growth and success. (The entire list of the residents on the Forbes 400 is at the end of this article. I like the people [at Drone]. The story: Phillip Frost, 77, a former professor of dermatology at the University of Miami's medical school, teamed up with business partner Michael Jaharis to acquire drug-development company Key Pharmaceuticals in 1972. He is a white, non hispanic male registered to vote in Broward County, Florida. Amazons cavernous distribution centers continue to go up in Florida, while his Blue Origin rocket company is building a rocket factory just outside the Cape Canaveral space port fence. The property tax alone is $1 million a year. The retired chairman of mutual fund company Franklin Resources, a firm started by his father, came to Florida very late in life from California. WSVN ultimately affiliated with the Fox Network and Ansins navigation of the affiliation transition proved a success. How reclusive? He ceded the 49ers to his sister in 2000 and focused on the real estate side. So, Combs may indeed become a billionaire before his peers in the hip-hop music field. Ross influence ties, in a way, to Miamis condo skyline. One did it in real estate. Photo gallery: 25 wealthiest South Floridians, Indian Creek Village is for the uber-rich, Senior-level hires and promotions for the week of Oct. 10, 2021, DeSantis-appointed board slaps Disney with counter suit days after Disney sued governor, Shipwreck found off Florida beach is much larger than originally suspected, team says. vtskeersttning resorb. 21 J. Christopher Reyes, 63 $2.8 billion Hobe Sound, 22 M. Jude Reyes, 61 $2.8 billion Palm Beach. Formed in 1987, his Icahn Enterprises, L.P., (IEP: NASDAQ) is a diversified owner of big blocks of stock in public companies ranging from Apple Inc., eBay in. As a result, some senior women then leave to become entrepreneurs. More than just a winter home for the rich-and-retired set, South Florida also has become a principal residence for wealthy people who are still in their earning years, said Teresa Weintraub of Fiduciary Trust International of the South, which manages money for wealthy entrepreneurs and families from the U.S., and Latin Americans with U.S. business interests. According to trade publication Automotive News, Braman owned the nations 27th-largest auto dealership group in 2013: His 14 dealerships last year sold about 32,000 vehicles and collected $1.68 billion in total revenue. Hooray! Recently, we have seen an explosion of African-American entrepreneurs. The co-founders in 1968 to put the Subway brand name on their restaurants. The newspaper also reported that DeLuca, a Fort Lauderdale resident, spends most of his time traveling to visit Subway franchisees and has no plans to retire.. This may in part derive from the glass ceiling that has traditionally kept female managers from rising to top management jobs, the regions relative youth and the limited number of large corporations based here. You really have to be devoted to it.. Still, the rarified heights of the uber-wealthy may yet include more women and people of color. The Top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year.. In 2007, Olenicoff pleaded guilty to falsifying his 2002 federal tax return by failing to disclose foreign bank accounts to the Internal Revenue Service. PublicPrivate Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status The Wall Street Journal reported that the Faena District will cover a six-block area and will encompass a hotel, retail center, arts center and an 18-story oceanfront condominium, called Faena House, with unit prices up to $50 million for the 14,000-square-foot penthouse. The value of the franchise, however, has more than doubled since he bought it. For us, its been easy to attract talent. 12 Robert Rich Jr., 76 $3.9 billion Islamorada. Franklin employs 1,100 in Florida. Carol Jenkins Barnett, daughter of Publix founder George W. Jenkins, has a reported $1.67-billion fortune. 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. He had six companies on the NYSE and is the only person to found three Fortune 500 companies. As the hundreds of riders in Wellington demonstrate, Florida as wealth magnet draws far more than the 0.0001% (of the states population) who made our top 25 list. Weintraub, who was born in Cuba and raised in Miami, said the city has become a very exciting place to live. Although South Florida remains a popular place to retire, because of the quality of life youre seeing in Florida and because of the tax structure you have, people in the prime of their lives are moving here permanently, she said. Generally speaking, the market has continued a slow and steady recovery that is markedly different from past down-cycle recoveries. If you dont stand for something in life, then youll accept anything. Johnson, who previously served as chief executive officer of Franklin, began working for the company more than 50 years ago, when its assets under management totaled $2.5 million. These New Yorkers arent officially Florida residents but have homes here and affect Florida in important ways. The 10-bed, 10-bath home, owned by Marco Iacovelli, founder of auto-parts company Rally Manufacturing, sits at the northern tip of Star Island, longtime home to some of Floridas top business leaders and celebrities, including Emilio and Gloria Estefan. Balbirer says high net worth individuals, advised by accountants or lawyers, establish residency properly. The Yale alum, for instance, gave $250 million to the university in 2013 to build two residential colleges there. On Palm Beach, the appraised value of Peterffys home is outgunned not only by Griffins estate, but also by the homes of radios Howard Stern, ($52.5 million) and Trump, whose Mara- Lago and associated properties rank only 28th on the island. His portfolio in both film and TV is much more extensive than that of his colleagues, though. 1:50PM. 5, died in 2014. Florida's super-rich | Richest Floridians - Florida Trend Hydraulic fracturing, or fracking, has improved the economics of shale-gas extraction, making it financially more feasible. Besides, he has engaged himself with other activities like piloting. In a New York Times obituary, the newspaper noted that Ted Arison was widely regarded as the godfather of the modern cruise industry. Carnival has faced operational adversity in recent years, and its net income has declined in the last two consecutive fiscal years. The Trump Organization acquired the Doral Golf Resort & Spa in Miami-Dade County in June 2012 and is spending $250 million to renovate the 800-acre golf property, renamed Trump National Doral Miami. During the first two years of Diageos alliance with Combs, the companys annual shipments of Ciroc vodka vaulted from 120,000 cases to 400,000, according to Forbes. Steve Ballmer, Microsoft, No. States up north will have a hard time going after someone for income tax who does all that. Buffalo, New York-based Rich Products Corp. generates more than $3 billion in annual worldwide revenue. Built as the home of the Miami Yacht Club and later converted into a single-family home, it has 255 feet of waterfront. 3 $65 million 800 S. Pointe Drive Apogee South Beach. As these companies scale, I believe you will see increasing numbers of African Americans within South Floridas upper echelons of wealth.. Meanwhile, his net worth has doubled since our last list. Its important to pick businesses that have the potential for long-term growth and preferably with high profit margins. South Florida has been an effective launching pad for his career. Jones is a co-founder of the Everglades Foundation, a major enviro player in Florida. In Florida, it has the W South Beach Hotel on Miami Beach and, in West Palm Beach, CityPlace, which he has described as not a huge success financially. Read More He bought a house in Delray Beach, but in 2016 he went big with the purchase of a Kobi Karp-designed, $20-million, seven-bedroom Miami Beach bayfront mansion thats his official primary residence. For hours, in every direction as far as one can see, hundreds of equestrians like her ride horses over obstacles in the 18 arenas at the 500-acre venue. and Netflix Inc. to Forest Laboratories, Chesapeake Energy and Navistar International Corp. lang to Kid Rock. The company is a . You can't let it grow up by itself. 7 $43 million 3085 Munroe Drive Coconut Grove, Miami. As. The next day, no doubt too early for many of Schwarzmans partygoers, young Jennifer Gates takes to the saddle as What Have You Done For Me Lately? plays over the arena speakers. | View as text Related Information Similar Players Not the Steve Savor you're looking for? Carl Icahn, 80 $16.9 billion, Indian Creek Village. But a score of others also ride fault-free. Olenicoffs net worth is up $1.2 billion since 2013. Steven Smith Net worth $23 million & he is the current captain of Australia. How he made his money: Increased interest in the extraction of gas from shale rock. The new presidents name is all over south Florida: Trump Grande and Trump Towers in Sunny Isles, Trump Hollywood, Trump National Golf Club Jupiter, Trump National Doral and Mar-a-Lago, now the weekend White House for the most powerful person on earth. The Boston Red Sox have won three World Series championships (in 2013, 2007 and 2004) under Henrys ownership. This story was originally published October 11, 2014, 8:00 PM. Larry Page and other Google billionaires touch Florida through Googles investment in Magic Leap, an augmented reality company based in south Florida. But the Mendelsons saw greater potential in long-term ownership, so they acquired control of Hollywood-based Heico Corp., a manufacturer of aircraft replacement parts. As of April 2023, Steve enjoys a net worth of approximately $10 million. 35 Palm Beach billionaires are on the 2020 Forbes 400 He buys, holds, sells and scores whether its the family eye-products company, cable, mobile or energy. Our tag line is Ignore the Crowd, and our location here helps us maintain our distance and independence from the chatter of Wall Street.. 1 belongs to Griffin, whose Blossom Way holdings have a combined value of $136 million, with an annual property tax bill of $2.33 million. Access has corporate offices in New York, Moscow and London. Robert Gary Sarver [1] (born October 31, 1961) is an American businessman, co-founder of Southwest Value Partners, a real estate development company, owner of the RCD Mallorca La Liga Spanish football team, [2] and the former owner of the Phoenix Suns NBA team and Phoenix Mercury WNBA team. For perspective, that property tax bill alone is more than the annual income of all but the top 0.1% of U. S. tax filers. Blavatnik is said to be the owner of the gold-plated mastodon on the Faena Hotel terrace. New York Stock Exchange-listed Lennar stock recently was trading at share prices around $39, about 11 percent below its 52-week high of $44.40. Berkshire Hathaways fingers reach a wealth of places in Florida: Paint supplies, real estate brokerage, entertainment organizations, auto dealers, distributors and others. The 10 most expensive homes on the market in Florida. In 2015, the same year he bought the Casa Apava estate on Palm Beach for $71 million, he gave a TED talk decrying the wealth gap in America and warning it could spark revolution. He lives on a lake north of Naples downtown. Weve got to stop it. , 8 Reinhold Schmieding, 62 $4.1 billion, Naples. The rankings have been disrupted by the arrival of new, very big money from the likes of Interactive Brokers founder Thomas Peterffy and hedge fund manager David Tepper. Steve has been performing for the last 50 years and has achieved great success through his musical career. 10 $35.9 million 5004 N. Bay Road, Miami Beach. All together, the Irwin family is worth a whopping $86 million! Advances in communications technology have enabled more wealthy business owners to run their companies remotely from South Florida. When a billionaire New Yorker profits from home ownership in South Florida, he goes back and tells two other big boys, who tell two others, and all of a sudden you've got a whole world of people like that here., Its the same thing with people from South America: A group will come in, and then another group will come in and say, its safe, its wonderful, its a good place to put your kids in school, and, by the way, I made money there, Hertzberg said. Jennifer Gates is such a presence at the 12-week festival that the Gates family bought a 4.5-acre equestrian estate near the festival grounds in 2013, then kept buying adjoining properties until they had shelled out $38 million for a whole street. Perlmutters wife, Laura, was on Trumps inaugural committee. Hes up half a billion dollars since 2013 and lives on a $23-million, one-acre estate on Palm Beach, not far from Mar-a-Lago. Before this downturn, anything below 1 million housing starts in a year was considered almost a housing depression. My wife and I have been coming to Florida periodically all our lives, and in 2012, we became permanent residents, Johnson said in an email exchange. Of the billionaires who officially reside in Florida, most seem to do little more here than own a home, dock a boat and escape state income and inheritance taxes elsewhere. Gustavo Cisneros began his career at Venevision. Its holdings in the United States, Europe and South America include large equity stakes in LyondellBasell Industries, a leading chemical company, and music company Warner Music Group, which has recorded artists ranging from Aretha Franklin to k.d. He has a concentrated equity investment style, making big bets on relatively few stocks that most investors avoid. The first building block of our distribution business was a company acquired 25 years ago, located in Deerfield Beach, Nahmad said via email. 52 Billionaires In Florida Make Elite Forbes List - Patch USA Today reported in May that DeLuca had resumed his work schedule at Subway after treatment for leukemia, including chemotherapy and a bone marrow transplant. They can buy bigger properties for their money. The investment side of his business is heavily involved in such shareholder activism as publicly agitating for changes in management and board governance and sometimes engaging in proxy fights to gain control of target companies. Hes since relisted them separately for a total of $73 million. It has all the necessary ingredients to continue along its success path.. You can find more information on an imate by visiting the county's arrest inquiry page or by calling 954-831-5900. Steve savor net worth - sqlot.janusz-andrzejczak.pl Prez and Ross developed City Place, a mixed-use downtown landmark in West Palm Beach. Source: Fairholme Capital Management, LLC. How he made his money: Worked with his father to build the worlds largest cruise company. It hasnt dented his account. Steve Savor (age 62) is listed at 600 Isle Of Palms Ft Lauderdale, Fl 33301 and is affiliated with the Republican Party. He succeeded his father, the late Leonard Miller, who founded Lennar in 1954, as Lennars chief executive officer in 1997, five years before his father died July 28, 2002, of liver cancer, according to the South Florida Business Journal. Having billionaires as neighbors might not be quite as good as being one, but it does have its benefits. In 2013, making the cut for the top 25 required $1.2 billion. She was built to Unknown classification society rules. He also bought the Buffalo Sabres for $189 million and developed a hockey mecca real estate project in downtown Buffalo, where his daughters recently opened a restaurant. Powered by twin diesel Caterpillar (3412) 1,400hp engines, she comfortably cruises at 17 knots, reaches a maximum speed of 22 knots with a range of up to 2,500 nautical miles from her 49,200 litre fuel tanks at 12 knots. Former Monsanto executive Arnold Donald became the first non-Arison to lead the company and made Carnival the largest company in Florida headed by an African-American. His firm has an office in Palm Beach but its headquarters remains in Connecticut. Stephen Ross, 76 $7.4 billion, Palm Beach. Theyre making money in real estate here, Hertzberg said. 4 $55 million Faena House 3315 Collins Ave., Miami Beach. London-born Bahamas investor and currency trader Joe Lewis and his Tavistock own the Pier Sixty-Six hotel and marina in Fort Lauderdale, the Isleworth and Lake Nona golf and country clubs and the high-impact Lake Nona development near Orlando with its health care business park that includes the UCF medical school, a VA hospital plus the USTAs national campus and a planned training center for KPMG. 5 Jeff Bezos is a Miami-Dade high school grad. How he made his money: Inherited a real estate fortune, diversified into broadcast television. The extended Ziff family has their fathers 33-bedroom, 16-acre estate in Manalapan south of Palm Beach on the market for $195 million. New York Stock Exchange-listed Heico stock recently was trading at share prices near $47, about 28 percent below the 52-week high of $65.04. The story: Terence M. Pegula, 63, is a self-made billionaire who collected a fortune from a technology-driven surge in gas production from shale rock. In 1983, Pegula borrowed $7,500 from family and friends to start East Resources Inc., and he built the independent oil and gas exploration business into one of the largest privately held companies in the United States with a helping hand from advanced oilfield technology. Where he lives: Indian Creek (off Miami Beach). 5 $55 million 382 S. Beach Road, Hobe Sound. How he made his money: Hip-hop music recording and production and other business activities that include promoting Ciroc vodka. One shared trait: Old money didnt get them there theyve kept working. Some state leaders complained Buffett would make out like a bandit, but others counseled the state needed the insurance. Many of the top 25 wealthiest people in South Florida own a controlling equity stake in a large enterprise that they founded, said Jaret Davis, co-managing partner of Greenberg Traurig's Miami office. (He reportedly donated $3 million to Bushs political action committee.) The $4.7 billion asset sale to Royal Dutch Shell has allowed Terrence Pegula and his wife Kim Pegula to go shopping: They paid $189 million to acquire the Buffalo Sabres team in the National Hockey League in 2010, according to the Buffalo News. A $1 rise in RJFs stock is a $14.7 million gain for James.) Today, it takes $2.6 billion. Mike Fernandez, right, No. Now we sell everything from Kias to Bugattis, he said. For Disney, it all started with a mouse. How he made his money: Commodities trading and team ownership in professional sports. 24 H. Wayne Huizenga, 79 $2.6 billionFort Lauderdale. Steve Harvey Net Worth. He is the former vice chair of the International Game Fish Association, which is based in Dania Beach. Dirk Ziff, eldest of the Ziff brothers, is dealing of late with small potatoes financially. He bought the Buffalo Bills for $1.4 billion, besting suitor Donald Trump. Anthem acquired Fernandezs Simply Healthcare Plans managed care company in 2015, the year after CVS acquired his Navarro Discount Pharmacy chain. As of May 2023, Steve Young's net worth is estimated to be $200 Million. steve savor net worth. My philosophy has always been to constantly reinvest in your business Its something you have to do. Florida has attracted the well-heeled since the days of Henry Flagler, but as our list of Floridas wealthiest permanent residents shows, more and more are choosing to live here. People going into business today should pick a business or career that cannot be shipped abroad or purchased abroad, Olenicoff said in an email exchange. This year, one bidder dropped $480,000 at auction for a 2017 McLaren 570 GT, and two bidders put down a combined $600,000 for a weeks vacation on Malcolm Forbes former yacht. Its real estate subsidiary New Valley LLC owns a majority of high-end residential property agency Douglas Elliman. He has an impressive real estate portfolio, with mansions sprawled in all his favorite places. D was inducted into the Pro Football Hall of Fame in 2016. He sold the Buffalo Sabres to fellow Florida billionaire Terrence Pegula. Our Fort Lauderdale trading desk makes over $30 billion in equity trades annually in over 40 financial markets around the world., Johnson said his best advice for young people starting out in business is a statement by former U.S. President Calvin Coolidge, which is engraved on a plaque hanging on his office wall: Persistence Press on. Hes more than doubled his money since 2013. As a boy, the Pennsylvania native watched his father trade stocks. People are what make businesses prosper. He also said he has lived in South Florida for 60 years and never wanted to live anywhere else. By the time Eric and Victor were in college, Mendelson had switched his investment preferences from real estate to public companies, and his sons invested along with him and suggested target companies to buy and flip for profit. The billionaire has collected more than $5 billion from a combination of stock sales, dividends and compensation. He founded Las Vegas-based beverage company Rockstar Energy in 2002. Blavatnik is a part-time resident of South Florida, with a primary residence in London, but he is likely to have a permanent impact on the redevelopment of South Beach. I tell young people just starting out to work hard, learn everything they can about the business and find a mentor to help guide them and expand their thinking. 11 Isaac Perlmutter, 74 $4.0 billion Palm Beach. Promoter of rival Fort Lauderdale air show has financial problems Steven's net worth hovers over $100,000 - $249,999 with a yearly income that's about $70 - 79,999. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. It includes a cluster of apartment buildings in Broward and Palm Beach counties. His fortune has increased $400 million since 2013. Owned by Aurelio Fernandez, a retired tech executive and real estate investor, and his pediatrician wife, Berta, the bayfront, five-bedroom house was a location in the Miami Vice movie. En'Joy" steve savor net worth The city, after all, is home to the famed Naples Winter Wine Festival, which serves as a fundraiser for a local childrens and education foundation. The story: Albert H. Nahmad leads not just a company but an industry. In December, he paid $517 million cash for Miamis Southeast Financial Center, Floridas biggest office building. South Florida, I am convinced, will continue to be a wonderful place to live, raise a family, work and invest in. We also have large offices in St. Petersburg and Fort Lauderdale, as well as Miami, with over 11,300 employees in the state. Source: Privately held Access Industries. Salary: $45 Million. Just this morning, an announcement went out that a product we licensed to another company successfully completed the clinical trials, and a new drug application was submitted. Forbes also reported that Blavatnik late last year made a $2.37 billion investment in Lyondell Industries that appreciated to more than $10 billion. While his 2012 purchase of the Jacksonville Jaguars brought him to prominence in Florida, his visions for real estate development there so far havent come to fruition, and the team continues its losing ways. Steve and Wife Kathy Gerrity's Children. 9 $39 million 400 S. Mashta, Key Biscayne. Blavatnik also has invested in Internet-based streaming music services Spotify, Deezer and Beats Music, according to Forbes magazine. View the profiles of people named Steve Savor. Net Worth. Since the 1972 startup of Carnival, Ive 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.. Lenders for his Icon Brickell condo development seized two of its three towers in 2010. Join the New Times community and help support Johnson is the largest owner of the San Francisco Giants, which were contemplating a move to Florida in the early 1990s until he joined a Bay area ownership group to block the move. steve savor net worth The young rider in a black jacket and white pants is Jennifer Gates, daughter of the worlds richest man. Young people going into business must not be afraid to fail but must pay close attention to every detail of their enterprise, LeFrak said. Frost became co-chairman of Teva shortly after its 2006 acquisition of Ivax. Where he lives: Indian Creek Island (seasonal). But as studies indicate, many are cautious about borrowing the capital required to catapult their businesses into exponential growth. May 28, 2022 | smart planlsning fjllstuga | stamcellsbehandling rygg As of 2022, Steve Savoca's net worth is $100,000 - $1M. Donald Trump, 70 $3.7 billion, Palm Beach. He never again invested in a professional team after his nine-year ownership of the Eagles. I am now a huge enthusiast for South Florida, LeFrak said. Arisons net worth could take a dip even if Carnival stock remains buoyant. The child of Russian immigrants, he studied corporate finance and mathematics at Southern Cal and eventually bought a 16- unit duplex that began his vast real estate company. Desai has an MBA in finance from the University of Michigan's Stephen M. Ross School of Business, and a bachelor of technology degree in electrical engineering from the Indian Institute of Technology in Bombay, India. When he sold the company for $1.25 billion in 2004, Boca Resorts owned the Boca Raton Resort & Club and two Fort Lauderdale properties, the Hyatt Regency Pier 66 Hotel and Marina, and the Radisson Bahia Mar Resort and Yachting Center.

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