Norman Braman's Impressive Net Worth

Norman Braman boasts a net worth of $1.9 Billion

Norman Braman: A Brief Biography

Born on 23 August 1932 in West Chester, Pennsylvania USA, Norman Braman, of Jewish descent, is widely recognized as a former owner of the Philadelphia Eagles American Football team. In addition to his endeavors in the auto dealership, he is also renowned for his prolific civics and political activism.

Sources indicate that Norman Braman amassed a fortune of over $1.9 billion as of early 2017, stemming from his extensive involvement in the automobile dealership and various other business ventures spanning over six decades.

Net Worth of Norman Braman: $1.9 Billion

Braman was raised in Cobbs Creek, Philadelphia, by a Romanian-born mother who worked as a seamstress, and a Polish-born father who owned a barber shop. During his formative years, he served as a waterboy at the Philadelphia Eagles training camp before relocating to West Chester. Later, he attended West Philadelphia High School and went on to graduate from Temple University in Philadelphia with a Bachelor of Arts degree in Business Administration in 1955.

He commenced his career in the marketing and sales department for Seagram’s Distributors. In 1957, he founded Keystone Stores, a chain of self-service department stores in Pennsylvania, which eventually evolved into a public company – Philadelphia Pharmaceuticals – with Braman emerging as a substantial shareholder in 1969, thereby significantly augmenting his net worth. He subsequently divested his interests in the company and moved to South Florida.

In 1972, Braman acquired a major interest in a Cadillac store in Tampa and three years later, he purchased the Cadillac dealership in Miami, marking his foray into automobile dealerships. The fledgling enterprise flourished, and today, Braman is the proprietor of Braman Enterprises, an umbrella organization comprising his automotive businesses. The company possesses over 20 franchise locations in Florida and Colorado, including Braman Motorcars, which specializes in prestige brands such as BMW, Porsche, Bentley, Audi, Cadillac, and Rolls-Royce. In 2015, the company recorded $1.8 billion in sales, significantly contributing to Braman’s wealth.

His thriving automotive business empowered Braman to acquire the Philadelphia Eagles franchise of the National Football League for $65 million in 1985. He assumed ownership of the team for nine years, eventually selling it to film industry executive Jeffrey Lurie for $180 million in 1994.

On the personal front, Braman is married to Irma Miller, with whom he shares two children. Alongside his wife, he founded a charity organization, The Norman and Irma Braman Family Foundation, as well as the Braman Family Breast Cancer Institute at Sylvester Comprehensive Cancer Center in the University of Miami. The couple has also provided support to various charitable causes and organizations, including Lotus House, a shelter for homeless women and children, and the Greater Miami Jewish Federation.

Braman’s affluence has also propelled him onto the stage as a civic activist, successfully combating contentious proposals, such as a large property tax increase and salary bumps for the staff initiated by former Miami-Dade Mayor Carlos Alvarez. He also played a pivotal role in thwarting a proposal for tax-funded improvements of sports facilities, spearheaded by Miami Dolphins owner Stephen Ross.

Politically, Braman has been an active participant, ardently backing and sponsoring Marco Rubio, who vied for the Republican nomination for President in 2016.



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