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Naples’ David Hoffmann lands on Forbes’ list of billionaires

Entrepreneur, David Hoffmann, smiles in the Hoffmann Family of Companies' conference room on Friday, Dec. 17, 2021 in Naples, Fla.
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Serial entrepreneur David Hoffmann has achieved billionaire status. 

He’s made it on Forbes’s list of the world’s richest people in the world. 

The Naples resident debuts at No. 2,190 this year. His estimated net worth? $1.3 billion.

“It’s nice. But I’m fundamentally not any happier,” Hoffmann said of his first-time appearance.

He joins the usuals from Southwest Florida, also from Naples.

“I’m the new kid on the block,” Hoffmann said.

In case you missed it:In the Know: Hoffmann expansion in Lee; new Sprouts, rising cost of typical Collier home

From our archives:Forbes’ annual list shows the rich getting richer in Naples, Bonita Springs

More:There’s no stopping David Hoffmann: Naples-based family enterprise busier than ever in 2021

A self-made businessman, Hoffmann has captured the spotlight in Southwest Florida for the millions he’s spent acquiring local businesses and investing in real estate. He’s still at it.

“We have things under contract now and businesses we’re buying. Yeah, we’re not  stopping,” Hoffmann said.

‘New kid on the block’

The Forbes ranking includes a brief profile of Hoffmann, 69. Here are a few of the highlights it mentions about him:

  • He’s the largest commercial real estate owner in Naples, with 42 properties
  • His early fortune came from an executive search firm, DHR International, which he still owns
  • He and his wife Jerri moved to Naples in 2015, spending $75 million on their first purchase of commercial real estate, consisting of seven buildings and a parking lot on world-renowned Fifth Avenue South
  • He owns Hertz Arena and the Everblades hockey team, as well as the Old Collier Golf Club, along with a slew of small local businesses that he’s acquired since moving to Naples, such as Stan’s Coffee and Mitch’s Cookies.

David Hoffmann at FGCU Wednesday March 9, 2022.

The profile also includes a bit about Hoffmann’s humble beginnings: Growing up in Washington, Missouri, David’s home didn’t have running water until he reached high school and his dad drove a milk truck.

David Hoffmann and his family aren’t just investing in Southwest Florida. Forbes points out that he and his wife, for example, own four wineries and 1,250 acres of vineyards in their home state of Missouri. 

The Hoffmanns met in high school and have been best friends ever since. They have three children and 11 grandchildren.

Hertz Arena.

They are both philanthropic-minded, giving back to the community in many ways. With his family’s wealth growing, David said he plans to do even more of it.

“Naples was a big part of me making that list,” he said. “So, I’m forever grateful.” 

Shahid Khan makes the list again

As for the returning billionaires from Southwest Florida, Shahid Khan, 71, has kept his crown as the richest person in the region — once again.

Khan fell a few notches on the list this year to No. 313, from No. 308 a year ago. His value dropped to $7.6 billion, from $8 billion.

Jacksonville Jaguars owner Shad Khan fields questions from the media after Stare of the Franchise event. The Jacksonville Jaguars held its State of the Franchise event at EverBank Field Thursday, April 19, 2018 where they unveiled the team's new uniforms as well as plans for the development of property around the stadium.

According to Forbes: An engineer by trade, Khan still owns auto parts supplier Flex-N-Gate, the National Football League’s Jacksonville Jaguars and the United Kingdom’s Fulham football club. 

The basis for Khan’s success: A one-piece truck bumper.

Flex-N-Gate now has nearly 70 plants worldwide, with more than 26,000 employees.

In 2019, Khan launched All Elite Wrestling, a professional wrestling entertainment company and a competitor to WWE, with his son, and he’s a major financial backer of the Black News Channel.

He had this to say to Forbes: “You have to take your lumps and face reality… There’s always some good in something bad happening to you, and you look for that.”

Who else made the list?

Here’s a look at the other locals who made the list in the order of their rankings:

Reinhold Schmieding, 67, came in at No. 330, up from No. 391. His net worth has grown to $7.2 billion from $6.7 billion a year ago.

Reinhold Schmieding

In 1981, Schmieding, a Naples resident and Michigan native, founded Arthrex, an orthopedic surgical tools company, in Munich, Germany. His company, now headquartered in North Naples, has developed thousands of products used in shoulder, hip and other joint surgeries. 

According to Forbes, privately-held Arthrex has estimated annual revenues of $2.6 billion, and Schmieding — the son of German immigrants — owns more than 90% of the company.

Here’s the quote he shared with Forbes: “Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.”

Naples resident Tom Golisano weighed in at No. 490 this year, rising from No. 680 last year. His estimated worth has grown from $4.2 billion to $5.4 billion.

Tom Golisano

He founded payroll firm Paychex, a publicly-traded company, “with just $3,000 and a credit card,” according to Forbes.

He served as CEO of the company until 2004 and remains chairman.

His quote for Forbes? I can’t say that payroll is an interesting business in and of itself. But being able to deliver it to 100,000 companies in a timely fashion? Now that is interesting.”

A former New York resident, he sold the Buffalo Sabres in March 2011 for $189 million, rejecting a higher bid to keep the team from moving out of town.

Another tidbit: He’s married to former tennis star Monica Seles.

A well-known philanthropist, Golisano, who has a son with special needs, has pledged or donated some $300 million to support children with autism and other disabilities.

Richard Schulze, 81, slipped to No. 665, with a net worth of $4.3 billion.

Last year, he sat at No. 608, valued at $4.7 billion.

While he’s still listed as a Bonita Springs resident by Forbes, he’s relocated to Naples.

Schulze founded Sound of Music in 1966, which eventually morphed into the chain of superstores known as Best Buy. He served as Best Buy’s CEO from 1983 to 2002 and stepped down as chairman in 2012. He rejoined the company as chairman emeritus in 2013 after his attempts to take over the electronics retailer and make it private failed.

He remains the largest individual shareholder of Best Buy, with an 11% stake.

Through his family foundation, Schulze aims to give away $1 billion of his fortune in his lifetime, according to Forbes.

Finally, there’s Scott Kapnick, 63, who stands at No. 2,076 this year, up from No. 2,141. His net worth remained the same at $1.4 billion — the closest to Hoffmann’s.

The Naples resident made the list for the first time in 2020, with the same value.

According to Forbes, Kapnick, founder and CEO of HPS Investment Partners, one of the world’s biggest alternative credit managers with $60 billion in assets, spent more than 20 years at Goldman Sachs, rising to become co-head of investment and banking and co-CEO of Goldman Sachs International.

Kapnick served as CEO of Highbridge from 2013 to 2016, when he and the principals bought HPS from JPMorgan in a carve-out. Since that time, assets have ballooned.

An interesting fact shared by Forbes: Scott is the son of former Arthur Andersen CEO Harvey Kapnick, who left the now-defunct accounting firm in 1979 after “reportedly raising concerns over conflicts of interest between accounting and consulting arms.”

The 2022 list includes 79 billionaires in Florida. 

Digital trading pioneer Thomas Peterffy of Palm Beach still sits at the top of the state’s rankings, coming in at No. 80 worldwide.

He’s the chairman of Interactive Brokers, a company with a specialized trading platform aimed at sophisticated investors. He’s valued at $20.1 billion, down from $25 billion last year.

Forbes announced its annual billionaires’ list Tuesday, revealing 2,668 of them, including 236 newcomers across the globe.

Overall, the count of billionaires fell by 87, when compared to 2021.

However, a total of 329 people dropped off the list this year — the most in any single year since the 2009 financial crisis, reflecting economic volatility.

“The tumultuous stock market contributed to sharp declines in the fortunes of many of the world’s richest,” said Kerry A. Dolan, assistant managing editor of wealth for Forbes, in a news release. “Still, more than 1,000 billionaires got wealthier over the past year. The top 20 richest alone are worth a combined $2 trillion, up from $1.8 trillion in 2021.”

Combined, all of this year’s billionaires are worth $12.7 trillion, down slightly from a value of $13.1 trillion in 2020.

Who’s at the top you ask? Tesla CEO Elon Musk, with a net worth of $219 billion.

Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022.

He dethroned former Amazon CEO Jeff Bezos, who held the No. 1 spot for four years in a row, and now sits in second place. His value fell “due to a 3% drop in Amazon stock and increased charitable giving, which wiped $6 billion from his net worth,” according to Forbes.

Bernard Arnault of LVMH remains at No. 3, followed by Bill Gates at No. 4, then Warren Buffett at No. 5. Buffett moved up a notch after falling to sixth place last year.

Among the notable newcomers are Lord of the Rings director Peter Jackson (No.1,929); OpenSea founders Devin Finzer and Alex Atallah (collectively at No. 1397); social media and e-commerce tycoon Miranda Qu (No. 1,645), and pop star and cosmetics mogul Rihanna (No. 1,729).

FILE - In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:MARS convention in Las Vegas.  The Amazon founder officially stepped down as CEO on Monday, July 5, 2021, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, the head of Amazonâ??s cloud-computing business, replaced Bezos, a change the company had announced in February.  (AP Photo/John Locher, File)

In total, there are now 327 female billionaires, down from 328 last year, and 1,891 self-made billionaires, which includes all of the ones who call Southwest Florida home.

Regionally, Asia-Pacific boasts the most billionaires (1,088), followed by the United States (735), and Europe (592).

As a country, the U.S. remained home to the most — and had more than last year.

To view the full list, visit

Written By

Avi Adkins is a seasoned journalist with a passion for storytelling and a keen eye for detail. With years of experience in the field, Adkins has established himself as a respected figure in journalism.

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