Fintech billionaire Ronald Clarke has been identified as the buyer of a waterfront compound in North Palm Beach, Florida, which sold for $97.5 million last week. The purchase was made through a Delaware LLC managed by Clarke, according to property records.
The seller, William Wrigley Jr., is an heir to the Wrigley chewing gum fortune. The transaction set a new price record for both North Palm Beach and the Lost Tree Village neighborhood. The sale ranks 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 built in 2013 and 2014 and includes multiple docks. Records show that Wrigley acquired the larger portion of the property for $11 million in 2009 and bought the smaller parcel for $6.1 million in 2010.
Gary Pohrer from Serhant represented Wrigley in the sale, while Donna Hutchins from Douglas Elliman acted on behalf of Clarke.
In addition to this recent acquisition, Ronald Clarke and his wife Leeanne also own another waterfront mansion located in Jupiter, Florida. They purchased that residence—a 9,300-square-foot home at 194 Spyglass Court—for $15.7 million in 2022 with Pohrer representing them when he was affiliated with Elliman.
Forbes lists William Wrigley Jr.’s net worth at $3.6 billion. He assumed control of his family’s business in 1999 before selling it to Mars Inc. for $23 billion in 2008.
Earlier this year, Lost Tree Village saw its previous price record set with Canadian baby products entrepreneur Maurice Pinsonnault’s mansion selling for $55 million at 12032 East End; that transaction also involved an undisclosed buyer.
Before Clarke’s purchase, Oracle co-founder Larry Ellison held the record for most expensive residential sale in North Palm Beach after buying a 7.4-acre oceanfront property within Seminole Landing for $80 million.
