Who is Norman Braman?
Braman is a Florida based billionaire and founder of Braman Motorcars. He also founded a company named Philadelphia Pharmaceuticals and Cosmetics. He was born in Augusts 1932. He is married to Irma, they have 2 daughters.
Braman is the owner of the yacht Kisses.
How Did he Became a Millionaire and Later a Billionaire?
In the 1950’s Braman took an executive position at Bargaintown U.S.A. Which he eventually acquired and turned into Keystone Stores. A chain of self-service variety stores in Philadelphia.
In the 1960’s he merged his company with Philadelphia Laboratories. To create a company named Philadelphia Pharmaceuticals and Cosmetics.
He sold his shares in 1969 which made him a millionaire at the age of 36. A few years later he bought a Cadillac dealership. Which would be the start of Braman Enterprises.
Braman Enterprises is the holding company of Braman Motorcars. It started in 1975 when Braman bought a Cadillac dealership. (Interesting story: read here).
Later he purchased a BMW and Rolls-Royce dealership. And he added Fiat, Lancia, and Toyota. Braman Motorcars now has more than 20 dealerships. And sells more than 35,000 cars per year.
Dealerships of Braman include Braman Miami, Rolls Royce Motorcars Palm Beach, and Mercedes of Littleton. He owns dealerships in Florida and Colorado. In 2018 he realized sales of US$ 2 billion.
Norman Braman Net Worth
His net worth is estimated at US$ 2.8 billion.
He is an active philanthropist, through his Norman and Irma Braman Family Foundation.
The foundation supports medical and educational projects. Such as the Braman Family Breast Cancer Institute.
Braman and his wife Irma also founded the Irma and NormanBraman Art Foundation. Which supports the arts and culture in and around the Miami area.
Braman Art Collection
Braman is an art collector. Already in 2011, his collection was valued at US$ 900 million. For a few years, he was Chairman of Art Basel Miami Beach. Irma Braman is Chair at the Institute of Contemporary Art in Miami.
Braman was the owner of the Philadelphia Eagles. He paid US$ 65 million for the team. The Philadelphia Eagles are a professional American football team based in Philadelphia. The Eagles compete in the National Football League. In 1994 he sold the team for US$ 185 million.