That’s correct, Ross made his money in real estate. There was some speculation that he was buying the Dolphins to boost his real estate business, and the bubble burst during the process. He’s said that he had to borrow money and pay Huizenga in three installments to make the purchase work.
It’s also worth noting that someone’s worth and their cash on hand are two different things. Ross probably has a lot of money tied up in properties, which means his piggybank isn’t quite as big as one would think.
Click to expand...