Published On: Wed, Aug 31st, 2016

VIDEO: Palm Beach Mansion of Stephen Ross’ Late Uncle Listed for $26 Million

Max Fisher invested his oil fortune into real estate in the early '60s

Palm Beach estate of Stephen Ross’ late uncle listed for $26M fishers-palm-beach-homes-1

 

The Palm Beach, Miami, estate of the late Max Fisher hit the market asking $26 million. Fisher made his fortune in oil, after he joined his father’s oil reclamation business in Detroit as a salesman. His own company was formed in 1953 and in 1959, when he sold the business to Aurora Gasoline, a company Fisher would chair for 27 years, it considered to be one of the largest gas station chains in the Midwest.

 

920-N-Lake-Way-Palm-Beach-FL-33480-19950000-1

 

Following the sale of Aurora to Marathon Oil for $40 million,  Fisher invested his wealth in real estate. The smart businessman was also an uncle to Stephen Ross, founder Related Companies,  the largest owner of luxury residential rental properties in New York. Related develops, acquires, owns and operates properties in the United States and internationally.

Fisher reportedly financed Ross’ higher education and Ross later paid him back.

 

Palm Beach estate of Stephen Ross’ late uncle - MAX FISHER 931 North Lake Aka 290 Jamaica Way, Palm Beach FL

 

After retiring from business in 1963 Fisher sat on the board of  investment bank Comerica, Sotheby’s, and United Brands. Fisher supported Jewish and general causes worldwide and played a major role in almost every major Jewish communal organization.

Fisher also served as a trusted advisor to U.S. presidents and Israeli prime ministers and actually opened a new era in American Jewish political activism.

In 2005, the year he died, he ranked as the oldest member of the Forbes 100 with a net worth of $775 million. [WSJ]

 

 

Fisher and his wife Marjorie Fisher, owned a home at 920 North Lake Way and a guest house across the street at 931 North Lake Way. Marjorie Fisher died in June. Both are on sale.

The 9, 841-square-foot home, on the Intracoastal Waterway, is listed for $19, 950, 000 and the 5, 780-square-foot guest house is asking $6.2 million. Son Philip Fisher told the Real Deal . Corcoran agents Jim McCann,  Suzanne Frisbie and Allison Wren are listing the homes.

 

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