Fox News national correspondent Phil Keating explores the car elevator at the Porsche Design Tower in Sunny Isles, Florida. One of the building’s luxury condos owned by Brazilian evangelical billionaire Edir Macedo is for sale.
The wealthiest religious broadcaster in the world is looking to offload his luxury condo in Florida.
The beachfront residence of Brazilian billionaire televangelist Edir Macedo in the ultra-exclusive Porsche Design Tower Miami is now listed for just under $14.6 million after a price cut, according to public real estate records.
Macedo, founder and bishop of the Igreja Universal do Reino de Deus (Universal Church of the Kingdom of God), is no stranger to lavish living or controversy.
His net worth is estimated at $1.8 billion, ranking him 1,901st on Forbes’ real-time billionaire index. By comparison, Kim Kardashian’s net worth is $1.7 billion.
PALM BEACH, THE WALL STREET OF THE SOUTH, HAS A HOT LUXURY REAL ESTATE MARKET
The Porsche Design Tower, a $560 million architectural marvel completed in 2017, is famous for its car elevators that transport luxury vehicles directly into private condo garages. In 2013, The Real Deal reported that “nearly two dozen of the homes — 22 — under contract will belong to billionaires.”
The tower has a mandatory homeowners association with monthly fees ranging from $4,277 to $12,069.
Macedo’s neighbors over the years have included international celebrities like Lionel Messi, Colombian pop star Maluma, Mexican actress Thalía and Andrea Romanello Ferdinand, daughter of Patrick Romanello, who The New York Times reported was “alleged to be an associate of the Bonanno crime family.”
The Sunny Isles Beach Florida skyline and the Porsche Design Tower are pictured in Miami, Fla., July 11, 2023. (Giorgio Viera/AFP via Getty Images / Getty Images)
But the Florida condo might not be the only real estate Macedo’s family holds in the U.S.
According to a property intelligence database reviewed by watchdog group the Trinity Foundation, another Sunny Isles Beach condo worth $9.6 million is linked to the family. Yet, according to the Trinity Foundation’s research, the Miami-Dade County property appraiser lists only a shell LLC as the owner with no names publicly attached.
The Trinity Foundation, a nonprofit that investigates religious fraud, has long tracked Macedo’s financial activities.
“Macedo’s empire includes media companies, banking interests, and international real estate,” the group noted, citing his control of Brazil’s Record TV network and Banco Renner.
The Universal Church isn’t just active in Brazil. It operates worldwide, including in Portugal, Mexico and the United States. The church even built a modern version of Solomon’s Temple in São Paulo, Brazil.
Billionaire Edir Macedo is projected on a screen displayed outside a replica of Solomon’s Temple during an inauguration ceremony in Sao Paulo, Brazil, July 31, 2014. (Paulo Fridman/Bloomberg via Getty Images /…
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