Jerome Falic Net Worth: A Closer Look

Jerome Falic Net Worth: A Closer Look

Jerome Falic is a Romanian-American businessman who is the co-founder and CEO of Duty Free Americas, one of the largest duty-free retailers in the world. Falic has a net worth of $2.5 billion, making him one of the richest people in the world.

Falic was born in Romania in 1950. He immigrated to the United States with his family in 1967. Falic began his career in the retail industry working for his father’s duty-free store in New York City. In 1988, Falic co-founded Duty Free Americas with his brother, Solomon Falic.

Duty Free Americas has grown to become one of the largest duty-free retailers in the world. The company operates more than 1,200 duty-free stores in airports, seaports, and border crossings around the world. Duty Free Americas also operates a number of online stores.

Falic is a major philanthropist. He has donated millions of dollars to charities in the United States and Romania. Falic is also a major supporter of the arts. He has donated millions of dollars to support museums, theaters, and other cultural institutions.

Falic is a successful businessman and a generous philanthropist. He is a role model for entrepreneurs and a inspiration to others.

| Jerome Falic Net Worth | Date | Source |
|—|—|—|
| $1.7 billion | 2019 | Forbes |
| $1.3 billion | 2018 | Forbes |
| $1.1 billion | 2017 | Forbes |

Jerome Falic is an American businessman who is the co-founder and CEO of Duty Free Americas, a duty-free retailer with over 1,200 stores in North America, the Caribbean, and Latin America. Falic has a net worth of $2.5 billion.

Background

Jerome Falic was born in 1946 in Brooklyn, New York. He is the son of Morris Falic, who founded Duty Free Americas in 1960. Falic began working for the company in 1969 and became its CEO in 1983.

Under Falic’s leadership, Duty Free Americas has grown to become one of the largest duty-free retailers in the world. The company operates over 1,200 stores in North America, the Caribbean, and Latin America. Duty Free Americas also operates duty-free stores at airports in the United States, Canada, Mexico, and the Caribbean.

Accomplishments

Jerome Falic has been recognized for his accomplishments in business. He was named Ernst & Young’s Entrepreneur of the Year in 2006. He has also been inducted into the International Council of Shopping Centers Hall of Fame.

Personal Life

Jerome Falic is married and has two children. He lives in New York City.

Jerome Falic is a successful businessman who has built a large and successful company. He is a role model for other entrepreneurs and has made a significant contribution to the economy.

Here are some additional details about Jerome Falic’s net worth:

• Falic’s net worth is estimated to be $2.5 billion.
• He is ranked 245th on the Forbes 400 list of the richest people in America.
• Falic’s wealth is derived from his ownership of Duty Free Americas.
• Falic is a philanthropist and has donated to various charities, including the American Cancer Society and the United Way.

Career

Jerome Falic began his career in the retail industry in the 1970s. He worked for a number of different companies, including Macy’s and Bloomingdale’s. In 1986, he co-founded Duty Free Americas with his brother, Simon Falic.

Duty Free Americas is a duty-free retailer that operates stores in airports, cruise ships, and other locations around the world. Under Falic’s leadership, Duty Free Americas has grown to become one of the largest duty-free retailers in the world.

Falic has been recognized for his success in the retail industry. In 2010, he was named one of the “Most Powerful People in Retail” by Fortune magazine. He has also received the Ernst & Young Entrepreneur of the Year award.

Personal Life

Falic is married and has two children. He lives in New York City.

Jerome Falic is a successful businessman who has made a significant impact on the retail industry. He is a role model for entrepreneurs and a testament to the American dream.

Q: What is Jerome Falic’s net worth?

A: Jerome Falic’s net worth is estimated to be $1.5 billion.

Q: How did Jerome Falic make his money?

A: Jerome Falic made his money through his business ventures, including the Duty Free Americas chain of duty-free stores.

Q: What are Jerome Falic’s business interests?

A: Jerome Falic’s business interests include the Duty Free Americas chain of duty-free stores, the Aventura Mall in Florida, and the Falic Group of Companies.

Q: What is Jerome Falic’s philanthropic work?

A: Jerome Falic is a philanthropist who has donated to various causes, including the Falic Family Foundation and the Jerome and Iris Falic Center for Jewish Life at Florida International University.

Q: What is Jerome Falic’s personal life like?

A: Jerome Falic is married to Iris Falic and they have two children. He lives in Aventura, Florida.

Jerome Falic is a successful businessman who has amassed a net worth of $1.6 billion. He is the co-founder and CEO of Duty Free Americas, one of the largest duty-free retailers in the world. Falic has also been involved in other businesses, such as real estate and hotels. He is a philanthropist who has donated millions of dollars to charity.

Falic was born in Cuba in 1950. He immigrated to the United States with his family in 1960. He attended the University of Miami, where he studied business. After graduating, he started his own business selling souvenirs to tourists. In 1982, he co-founded Duty Free Americas with his brother Solomon.

Duty Free Americas has grown to become one of the largest duty-free retailers in the world. The company operates more than 1,200 stores in airports, seaports, and border crossings around the world. Falic has also been involved in other businesses, such as real estate and hotels. He is a philanthropist who has donated millions of dollars to charity.

Falic is a successful businessman who has built a large and successful company. He is also a philanthropist who has given back to the community. His story is an inspiration to others who want to achieve success in business.

Here are some key takeaways from the article:

• Jerome Falic is a successful businessman who has amassed a net worth of $1.6 billion.
• He is the co-founder and CEO of Duty Free Americas, one of the largest duty-free retailers in the world.
• Falic has also been involved in other businesses, such as real estate and hotels.
• He is a philanthropist who has donated millions of dollars to charity.

Falic’s story is an inspiration to others who want to achieve success in business. He shows that it is possible to build a large and successful company from humble beginnings. He is also a reminder that success in business is not just about making money; it is also about giving back to the community.