Fintech billionaire Ronald Clarke has been identified as the buyer of a waterfront compound in North Palm Beach, Florida, for $97.5 million. The transaction set a new price record for both North Palm Beach and the Lost Tree Village neighborhood.
Property records indicate that a Delaware LLC managed by Clarke acquired the 2.5-acre estate at 11465 and 11472 Old Harbour Road from William Wrigley Jr., an heir to the Wrigley chewing gum fortune. The sale is among the largest residential deals completed in South Florida this year.
Clarke serves as chairman and CEO of Corpay, a digital payments company based in Atlanta that was formerly known as FleetCor. Forbes estimates his net worth at $1.5 billion.
The estate consists of two mansions constructed in 2013 and 2014, along with several docks. Records show that Wrigley purchased the larger parcel for $11 million in 2009 and the smaller one for $6.1 million in 2010.
Gary Pohrer of Serhant represented Wrigley in the sale, while Donna Hutchins of Douglas Elliman acted on behalf of Clarke.
Clarke and his wife, Leeanne, also own another waterfront property nearby—a mansion in Jupiter they bought for $15.7 million in 2022. That deal was also brokered by Pohrer when he worked at Elliman.
Wrigley’s net worth is estimated at $3.6 billion by Forbes. He led his family’s business starting in 1999 before selling it to Mars Inc. for $23 billion in 2008.
Earlier this year, Canadian baby products entrepreneur Maurice Pinsonnault’s mansion sold for $55 million, setting the previous Lost Tree Village record; that home was also purchased by an undisclosed buyer.
Previously, Oracle co-founder Larry Ellison held the record for most expensive residential sale in North Palm Beach with his $80 million purchase of a 7.4-acre oceanfront property located within Seminole Landing.
