Fintech billionaire Ronald Clarke has been identified as the buyer behind a recent $97.5 million purchase of a waterfront compound in North Palm Beach, setting a new record for both the area and the Lost Tree Village neighborhood.
Property records show 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 transactions in South Florida this year.
Clarke serves as chairman and CEO of Corpay, formerly known as FleetCor, which is headquartered in Atlanta and operates as a multibillion-dollar digital payments company. Forbes estimates Clarke’s net worth at $1.5 billion.
The compound consists of two mansions constructed in 2013 and 2014, along with several docks. Wrigley had previously bought the larger property for $11 million in 2009 and acquired the smaller parcel for $6.1 million in 2010.
Gary Pohrer of Serhant represented Wrigley during the transaction, while Donna Hutchins of Douglas Elliman represented Clarke.
Clarke and his wife, Leeanne, also own another waterfront mansion in Jupiter. They purchased that property—located at 194 Spyglass Court—for $15.7 million in 2022, with Pohrer brokering that deal as well when he was with 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 mogul Maurice Pinsonnault’s mansion sold for $55 million at 12032 East End, marking the previous Lost Tree Village record; that transaction also involved an undisclosed buyer.
In North Palm Beach overall, Oracle founder Larry Ellison’s $80 million acquisition of a 7.4-acre oceanfront estate within Seminole Landing was previously considered the most expensive local sale.
