Billionaire Stephen Ross Lures Private School to Florida as Wealth Booms

New school will be located in the village of Wellington
Ross is planning residences and a hotel on other half of lot

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By Anna J Kaiser and Sonali Basak

January 28, 2025 at 10:29 PM UTC

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Billionaire property developer Stephen Ross is helping add a private school to Palm Beach County, as part of his plans to turn that corner of South Florida into a magnet for finance and tech talent.

Ross has been working with school operator ElevateED to open a not-for-profit K-12 institution on a 70-acre (28-hectares) lot that was public land owned by the village of Wellington. Ross will turn a portion of it into retail, residential and a hotel, while half will go to the school.