Leonard Abess, an American banker and businessman, has made a significant impact on the financial industry and philanthropy. As of 2023, his net worth stands at an impressive figure, reflecting his successful career and generous contributions to society.
This article will delve into Leonard Abess net worth, his accomplishments, and his personal life, providing readers with a comprehensive overview of this remarkable individual.
Quick Facts
| Basic Information | Details |
| Full Name | Leonard L. Abess |
| Popular Name | Leonard Abess |
| Gender | Male |
| Birth Date | 1948 |
| Age | 75 (as of 2023) |
| Parents | Leonard Abess Sr. and Bertha Ungar |
| Siblings | Not mentioned |
| Birth Place | Not mentioned |
| Nationality | American |
| Ethnicity | Not mentioned |
| Education | Not mentioned |
| Marital Status | Married |
| Sexual Orientation | Not mentioned |
| Wife/Spouse | Jayne Abess |
| Children | Not mentioned |
| Dating | Not mentioned |
| Net Worth | Undisclosed (substantial) |
| Source of Wealth | Banking and business |
What is Leonard Abess Net Worth and Salary in 2023?
Leonard Abess’s net worth in 2023 is estimated to be a staggering amount, reflecting his successful career as a banker and businessman. With his astute financial decisions and strategic investments, Abess has accumulated substantial wealth over the years.
While the exact figure of his net worth remains undisclosed, it is safe to say that he ranks among the wealthiest individuals in Miami.
Biography Overview
Early Life
Leonard Abess was born in 1948 to Leonard Abess Sr. and Bertha Ungar. His father, a son of Romanian Jewish immigrants, worked as an independent auditor at the First National Bank of Florida.
Abess’s mother, the daughter of a prominent Miami automobile dealer, grew up in a family deeply rooted in the community. These familial influences played a significant role in shaping Abess’s values and instilling a sense of responsibility towards others.
Career and Awards
Leonard Abess, born in 1948, is a renowned American banker and businessman. He is best known for his tenure as the owner of the City National Bank of Florida, which was the second largest financial institution in Florida with over $22 billion in assets as of 2018.
His career began at the bank’s print shop, and he eventually became the majority owner and chairman in 1984. Under his leadership, the bank’s assets grew from $400 million to $2.75 billion by the time of its sale in 2008.
Abess’s generosity and philanthropy have earned him numerous accolades. He and his wife were named Miami-Dade County Philanthropists of the Year for 1990-91.
In recognition of their contributions, both a boulevard and a park in Miami bear their names. Abess’s philanthropic efforts extend beyond Miami, with significant contributions to various Jewish and universal causes, including the University of Miami and the Jewish Museum of Florida.
In 2008, Abess sold his 83 percent share of the City National Bank to the Caja Madrid banking group for $927 million. In an extraordinary act of generosity, he shared $60 million of the proceeds with 399 current staff members and 72 former employees.
This act of kindness was recognized by President Barack Obama in his State of the Union Address in 2009, and Time Magazine included Abess in its Time 100 list the same year.
Abess’s commitment to environmental stewardship is also noteworthy. He and his wife established The Abess Neonatal Intensive Care Unit at Mount Sinai Medical Center and donated $5 million to establish the Abess Center for Ecosystem Science and Policy at the University of Miami in 2006.
They also founded a Floating Research Station in the Brazilian Amazon and the Abess Center for Environmental Studies at Miami Country Day School.
As of 2023, Leonard Abess continues to make headlines. Most recently, he proposed a residential project in southwest Miami-Dade County’s Redland area.
The project involves rezoning 27.3 acres of land he owns to allow for an 85-house development. This proposal reflects Abess’s ongoing engagement in business ventures and his commitment to contributing to the growth and development of his community.
Personal Life
Leonard Abess leads a private life, preferring to avoid the spotlight despite his remarkable achievements. He is known for his humility and down-to-earth nature, treating everyone with respect and kindness.
Abess’s strong family values are evident in his long-lasting marriage to his wife, Jayne. Together, they have created a legacy of philanthropy and continue to make a positive impact on their community.
Social Media Accounts
Leonard Abess does not have a significant presence on social media platforms such as Instagram, Twitter, YouTube, LinkedIn, or Pinterest. He prefers to maintain a low profile and focus on his business endeavors.
FAQs about Leonard Abess
What is City National Bank of Florida?
City National Bank of Florida is a bank that provides a range of financial services to individuals, businesses, and institutions.
What is Leonard Abess’s notable philanthropic act?
Leonard Abess gained recognition for his decision to distribute a substantial portion of the sale proceeds of his bank during the financial crisis to approximately 400 bank employees, who received unexpected bonuses.
Has Leonard Abess been involved in other philanthropic activities?
Leonard Abess’s philanthropic activities extended beyond his notable act during the financial crisis. He and his family have contributed to various charitable causes and initiatives.
Conclusion
Leonard Abess’s remarkable career as a banker and businessman, coupled with his extraordinary act of generosity, has solidified his place as a prominent figure in Miami. His net worth reflects his financial success, while his philanthropic endeavors demonstrate his commitment to making a positive impact on society. Leonard Abess’s legacy serves as an inspiration to others, showcasing the power of compassion and generosity in transforming lives and communities. Thank you for reading.
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