Fintech executive Ronald Clarke has been identified as the buyer of a waterfront compound in North Palm Beach, which sold for $97.5 million last week. The purchase was made through a Delaware LLC managed by Clarke, according to property records.
The estate, located at 11465 and 11472 Old Harbour Road, was previously owned by William Wrigley Jr., an heir to the Wrigley chewing gum fortune. The sale set a new record for both North Palm Beach and the Lost Tree Village neighborhood. This transaction ranks among the largest real estate deals in South Florida this year.
Clarke serves as chairman and CEO of Corpay, a digital payments company headquartered in Atlanta that was formerly known as FleetCor. Forbes estimates his net worth at $1.5 billion.
The compound features two mansions built in 2013 and 2014, along with multiple docks. Records indicate that Wrigley purchased the larger parcel for $11 million in 2009 and acquired the smaller one for $6.1 million in 2010.
Gary Pohrer of Serhant represented Wrigley in the transaction, while Donna Hutchins from Douglas Elliman acted on behalf of Clarke.
Ronald Clarke and his wife Leeanne also own another waterfront home in Jupiter, which they bought for $15.7 million in 2022. That deal involved Pohrer when he was affiliated with Elliman.
William Wrigley Jr.’s net worth is listed at $3.6 billion by Forbes. He assumed control of his family’s business in 1999 before selling it to Mars Inc. for $23 billion in 2008.
Earlier this year, Canadian baby products entrepreneur Maurice Pinsonnault’s mansion set a previous Lost Tree Village record with its $55 million sale at 12032 East End; that transaction also involved an undisclosed buyer.
Before this recent sale, Oracle co-founder Larry Ellison’s purchase of a 7.4-acre oceanfront property for $80 million within Seminole Landing stood as North Palm Beach’s highest-priced real estate deal.
