The Florida Home Billionaires Behind Lennar's CalAtlantic Deal
- The Miller family controls 68% of Lennar’s class B shares
- Stuart Miller has been CEO since 1997 and votes family stake
Leonard Miller put $10,000 into a homebuilding venture in 1956. That business has been capitalizing on the American construction boom ever since, and now his son is spearheading a $5.7 billion deal to create the U.S. industry leader.
Stuart A. Miller controls more than 22.4 million shares of Lennar Corp. along with his two siblings, giving the heirs a combined net worth of about $1.2 billion, according to the Bloomberg Billionaires Index. Leonard Miller died in 2002. His wife, Susan, died last year.