Miami's 'Condo King' prepares to hand over empire to his sons

Florida

JORGE Perez, the billionaire who helped turn South Florida's skyline into a beacon for Latin America's wealthiest, is preparing to hand over his empire.

The 66-year-old developer, known as Miami's "Condo King", said he hopes his sons Jon Paul and Nicholas will take the reins of the Related Group in a few years so he can focus more on travel, philanthropy and his art collection. Mr Paul, 31, has been working with his father out of the Miami office, while Mr Nicholas, 28, works for New York-based Related Cos, a partner on some Related Group projects that operates independently.

"They'll keep on earning their place in the company, and of course my hope would be that they would come to run the company a few years from now," Mr Perez said in an interview at his Miami office, where the walls are lined with works from the art collection he handpicks with two full-time curators…