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 property, located at 11465 and 11472 Old Harbour Road, was previously owned by William Wrigley Jr., an heir to the Wrigley chewing gum fortune.
The purchase was made through a Delaware LLC managed by Clarke, according to property records. The sale set a new record for both North Palm Beach and the Lost Tree Village neighborhood, making it one of the largest residential transactions 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 includes two mansions constructed in 2013 and 2014, along with several docks. Records indicate that Wrigley acquired the larger parcel for $11 million in 2009 and the smaller one for $6.1 million in 2010.
Gary Pohrer of Serhant represented Wrigley during the transaction, 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 home in Jupiter. They purchased a 9,300-square-foot house at 194 Spyglass Court for $15.7 million in 2022; Gary Pohrer brokered that deal when he was with Elliman.
Wrigley’s net worth is reported at $3.6 billion by Forbes. He took 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 record sale when Maurice Pinsonnault’s mansion sold for $55 million at 12032 East End; like Clarke’s purchase, that transaction involved an undisclosed buyer.
Before this latest deal, Oracle co-founder Larry Ellison held the title for North Palm Beach’s most expensive residential sale with his $80 million purchase of a 7.4-acre oceanfront property within Seminole Landing.
