Norman Braman’s profile picture

Norman Braman

Norman Braman’s profile picture
Net worth 2018: $2.53 Billion
Industry: Automotive
Residence: Miami, Florida
Country: United States
BirthDay: 23 August 1932
Sigh: Virgo
Children: 2
Education: Bachelor of Arts / Science, Temple University
BIOGRAPHY

Norman Braman was bornon 23 August 1932 in Miami, Florida, United States. Norman Braman is #941 in List Billionaires People In The World. Norman Braman owns one of Florida's largest car dealerships, Braman Motorcars, with six locations and more than $2 billion in annual revenue. Braman made his first fortune retailing vitamins and drugs, but now sells BMWs, Porsches, Rolls-Royces, Hondas and Hyundais in Florida and Colorado. Born in Philadelphia to immigrant parents, Braman was a waterboy for The Eagles, which he bought in 1985 and sold in 1994 for a $120 million profit. An avid art collector, he helped bring the prestigious Swiss art fair, Art Basel, to Miami in 2002.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$1.5 Billion

2011

$1.6 Billion

2012

$1.6 Billion

2013

$1.9 Billion

2014

$1.9 Billion

2015

$2 Billion

2016

$1.8 Billion

2017

$1.7 Billion

2018

$2.53 Billion

TIMELINE
Norman Braman (born August 23, 1932) is an American auto dealer and former owner of the Philadelphia Eagles. Norman and his brother-in-law, Ed Leibowitz, officially became the owners of the Eagles on April 29, 1985. Norman owned 65% of the team while Ed owned 35% until July 16, 1986 when Norman bought the rest of the team from Ed. Braman sold the team to movie executive Jeffrey Lurie in 1994.Braman was born in 1932 in West Chester, Pennsylvania, and grew up in the Cobbs Creek section of Philadelphia, where his father owned a barbershop. Braman's parents were both Jews who emigrated from Europe. His Romanian-born mother was a seamstress and his Polish father a barber. Braman was a water boy in his teenage years at the Eagles training camp, which was then in West Chester. During the season, he would sneak into Shibe Park to watch the team play. Braman attended West Philadelphia High School and graduated from Temple University in 1955 with a degree in business administration.He began his career in 1955 in the marketing and sales department for Seagram's Distributors. In 1957, he founded Keystone Stores, a chain of self-service department stores, in Philadelphia. In 1964, he organized Philadelphia Pharmaceuticals and Cosmetics, a manufacturer of pharmaceuticals and was President and Chief Executive Officer.In 1972, he bought a Cadillac dealership in Tampa. Three years later he bought another in Miami and today he is CEO of Braman Enterprises, an umbrella company for his automotive businesses that include more than 20 car dealerships in Florida and Colorado selling Acura, Audi, Bentley, BMW, Bugatti, Cadillac, Genesis, Honda, Hyundai, Kia, Mercedes-Benz, MINI, Porsche and Rolls-Royce.In 1982, he led a successful campaign against a city sales tax that would have renovated the Miami Orange Bowl for Dolphins owner Joe Robbie. From 1985 to 1994, he owned the Philadelphia Eagles football team, having purchased it from Leonard Tose. During Braman's time as owner, the Eagles were NFL NFC Eastern Division champion in 1988 and won at least 10 games for five straight years through 1993.Braman served on the Board of Governors of various institutions. In 1999, he helped defeat then-County Mayor Alex Penelas campaign for a one-cent sales tax that could have generated billions of dollars to spend on mass transit, while potentially hurting automobile sales.He recently filed a lawsuit against the Florida Marlins and others over their plans to build a new ballpark. In all seven arguments however, Circuit Judge Jeri Beth Cohen ruled in favor of the Marlins and Miami-Dade County, allowing construction to proceed. Braman however says that he is ready to fight his case as far as the Supreme Court.He financially supported a recall election against Miami-Dade Mayor Carlos Alvarez because of a huge property tax increase and pay hikes to Alvarez's top staffers. On March 15, 2011 close to 90% of those that turned out to vote that day in Miami-Dade County, voted to recall the mayor. It is believed to be one of the most lopsided recall elections in the history of American elections.Braman is a supporter of Marco Rubio, and was considering spending anywhere between US$10 million to US$25 million in support of his 2016 presidential campaign. According to the acknowledgements in his autobiography, Rubio has thanked Braman for being a supporter, and Braman has employed at one time or another Marco Rubio's wife, Jeanette Dousdebes Rubio, at Braman Family Charitable Foundation.Braman is married to Irma Miller. They have two daughters: Debra Wechsler and Suzi Lustgarten.
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