Meet Trump's Neighbors On Billionaire Beach

Forbes

Palm Beach, Florida, has been a haven for America’s richest since Standard Oil tycoon Henry Flagler built the Florida East Coast Railway in the 1890s and built the iconic Breakers hotel. The exclusive town—full-time population: 9,200—has seduced an array of notables including the Vanderbilts, the Kennedys and Sylvester Stallone with its heady mix of sunshine, sand and low taxes. There are fewer than 2,500 homes in town, only a fraction with a coveted ocean view.  At the dawn of Trump 2.0, Palm Beach is once again the center of America’s political universe. Here’s a look at the rock stars, politicians and business bigwigs who are neighbors of the 45th, and now 47th, president.  Read the full story on Forbes: https://www.forbes.com/sites/chasewithorn/2025/01/19/all-the-presidents-neighbors-here-are-the-billionaires--celebrities-who-live-near-mar-a-lago/  Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Transcript

00:00Palm Beach, Florida has been a haven for America's richest since Standard Oil tycoon Henry Flagler

00:06built the Florida East Coast Railway in the 1890s, as well as the iconic Breakers Hotel.

00:13The exclusive town, with a full-time population of 9,200, has seduced an array of notables

00:19including the Vanderbilts, the Kennedys, and Sylvester Stallone, with its heady mix of

00:24sunshine, sand, and low taxes.

00:29There are fewer than 2,500 homes in town, and only a fraction have a coveted ocean view.

00:36At the dawn of Trump 2.0, Palm Beach is once again the center of America's political universe.

00:43Here's a look at the rock stars and business bigwigs who are neighbors of the 45th, and

00:48now 47th, president.

00:53Trump himself scored Mar-a-Lago, built by serial heiress Marjorie Merriweather Post

00:57in the 1920s, for an estimated $10 million in 1985, or about $30 million adjusted for inflation.

01:06He turned it into a country club whose members are said to include New York Knicks boss James

01:11Dolan, author James Patterson, and football coaching legend Bill Belichick.

01:16Now worth north of $342 million net of debt, it's Trump's single most valuable real estate holding.

01:25He owns three other homes nearby too, including his late sister Marianne Trump Barry's eight-bedroom

01:30mansion across the street, purchased for $18.5 million during his first term in office.

01:38MAGA A-lister Sylvester Stallone, who Trump named a special ambassador to Hollywood in

01:44January, bought an 11,000-square-foot pad for $35 million in 2020, but got off to a

01:51rocky start with his neighbors, who opposed his plan to build a floating barrier around

01:56his property to fend off seaweed, trash, and prying eyes.

02:00He scrapped the plan in December.

02:03Steven Schwarzman, the chair of Trump's short-lived Business Advisory Council in 2017, initially

02:08said he would not support his longtime friend in 2024, but backtracked in May.

02:14The billionaire Wall Street titan, who co-founded Blackstone, owns a 15,000-square-foot home

02:19with views of the Atlantic and Lake Worth Lagoon, and sits on the board of the Palm

02:24Beach Civic Association.

02:27Rock star Rod Stewart has kept a sunshine-yellow mansion on South Ocean Boulevard since 1995,

02:34putting him in Trump's orbit for years.

02:37Former Mar-a-Lago member Jeff Green is a real estate and investing billionaire who didn't

02:42support Trump in 2024, but does see a silver lining to the election, telling Forbes,

02:48There's no question in my mind that having West Palm Beach on everyone's television

02:52screens all over the world is only going to help our brand and our city.

02:59Billionaire hedge fund titan Ken Griffin, who gave $100 million to Republicans in the

03:042024 cycle, lives in Miami, but looms large over Palm Beach, where he has spent $500 million

03:11buying and knocking down mansions to assemble a 28-acre estate, on which he's building

03:16a home for his 77-year-old mother.

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