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The Wall Street Publication > Blog > Real Estate > Billionaire televangelist slashes value on $14.6M Florida rental amid scrutiny over church wealth: report
Real Estate

Billionaire televangelist slashes value on $14.6M Florida rental amid scrutiny over church wealth: report

Editorial Board Published April 6, 2025
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Billionaire televangelist slashes value on .6M Florida rental amid scrutiny over church wealth: report
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The wealthiest spiritual broadcaster on the earth is seeking to offload his luxurious rental in Florida. 

The beachfront residence of Brazilian billionaire televangelist Edir Macedo within the ultra-exclusive Porsche Design Tower Miami is now listed for just below $14.6 million after a value lower, based on public actual property data.

Macedo, founder and bishop of the Igreja Common do Reino de Deus (Common Church of the Kingdom of God), is not any stranger to lavish residing or controversy. 

His internet price is estimated at $1.8 billion, rating him 1,901st on Forbes’ real-time billionaire index. By comparability, Kim Kardashian’s internet price 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 accomplished in 2017, is legendary for its automotive elevators that transport luxurious autos instantly into personal rental garages. In 2013, The Actual Deal reported that “nearly two dozen of the homes — 22 — under contract will belong to billionaires.”

The tower has a compulsory owners affiliation with month-to-month charges starting from $4,277 to $12,069.

Macedo’s neighbors over time have included worldwide celebrities like Lionel Messi, Colombian pop star Maluma, Mexican actress Thalía and Andrea Romanello Ferdinand, daughter of Patrick Romanello, who The New York Occasions reported was “alleged to be an associate of the Bonanno crime family.”

The Sunny Isles Seashore Florida skyline and the Porsche Design Tower are pictured in Miami, Fla., July 11, 2023.  (Giorgio Viera/AFP through Getty Photographs / Getty Photographs)

However the Florida rental won’t be the one actual property Macedo’s household holds within the U.S. 

In keeping with a property intelligence database reviewed by watchdog group the Trinity Basis, one other Sunny Isles Seashore rental price $9.6 million is linked to the household. But, based on the Trinity Basis’s analysis, the Miami-Dade County property appraiser lists solely a shell LLC because the proprietor with no names publicly hooked up.

The Trinity Basis, a nonprofit that investigates spiritual fraud, has lengthy tracked Macedo’s monetary actions.

“Macedo’s empire includes media companies, banking interests, and international real estate,” the group famous, citing his management of Brazil’s File TV community and Banco Renner.

The Common Church isn’t simply lively in Brazil. It operates worldwide, together with in Portugal, Mexico and the US. The church even constructed a contemporary model of Solomon’s Temple in São Paulo, Brazil. 

Evangelical Christian Universal Church Inaugurates New Massive Church, A Replica Of Solomon's Temple

Billionaire Edir Macedo is projected on a display screen displayed outdoors a duplicate of Solomon’s Temple throughout an inauguration ceremony in Sao Paulo, Brazil, July 31, 2014.  (Paulo Fridman/Bloomberg through Getty Photographs / Getty Photographs)

Regardless of its clear wealth and energy, the church’s “Contact Us” web page on its U.S. web site claims “the Universal Church does not provide financial aid programs.”

Their 24/7 livestream obtainable on the Common Church’s web site presently affords “Blessed Water” on the market, which purports to heal every little thing from melancholy to most cancers.

In keeping with the Trinity Basis, the group additionally owns 4 personal jets and a helicopter, property hardly ever seen within the nonprofit spiritual world.

Macedo’s empire has had authorized troubles. In 2008, he and 9 of his associates had been charged in Brazil with laundering roughly $2 billion. 

US-LIFESTYLE-LUXURY-ARCHITECTURE-URBAN-PLANNING

Developer Gil Dezer stands within the automotive elevator within the Porsche Design Tower on Sunny Isles Seashore, Fla., Could 9, 2017. (Rhona Clever/AFP through Getty Photographs / Getty Photographs)

As reported by The Related Press, “The church allegedly used fake companies to launder the money, moving the assets abroad and then returning them in the form of loans used by Macedo and his accomplices to buy businesses, prosecutors said.” 

Brazilian courts in the end didn’t convict Macedo or his co-defendants.

Extra points surfaced in 2019, when authorities in Angola charged 4 leaders of Macedo’s church with monetary crimes, together with cash laundering. 

In keeping with Ver Angola, the fallout led to the expulsion of twenty-two Brazilian church members by Angolan immigration officers.

GET FOX BUSINESS ON THE GO

The Common Church of the Kingdom of God didn’t instantly reply to FOX Enterprise’ request for remark.

TAGGED:14.6MBillionaireChurchcondoFloridapricereportscrutinyslashestelevangelistwealth
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