Sergio Pino, a prominent property developer based in South Florida, has amassed considerable wealth over the past few decades. As of 2024, there is much speculation about his net worth, largely due to the high-profile nature of his ongoing divorce and the accompanying federal investigation.
Early life and career
Sergio Pino began his career in the construction industry at an early age, eventually founding Century Homebuilders Group in 1995. Century Homebuilders is now considered one of the largest Hispanic-owned homebuilding companies in the United States, having completed the construction of over 16,000 homes. Pino has also served as President of the Latin Builders Association and has been Vice Chairman of the Board of US Century Bank.
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Century Homebuilders Group
Century Homebuilders Group has played a key role in the development of numerous residential communities throughout South Florida. The company prides itself on its commitment to quality and community involvement. Over the years, Century has received numerous awards, including more than 200 Builders of South Florida Best of Awards for excellence in the homebuilding industry. Notable projects include the Midtown Doral complex and various mixed-use developments in Miami-Dade County.
Financial anomalies
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Pino’s finances came under intense scrutiny during his divorce proceedings. In a November 2023 deposition, Pino submitted conflicting financial statements. One deposition reported his net worth in 2021 as $359 million, while another indicated a net worth of $153 million. Pino dismissed the larger figure as exaggerated, and said the smaller figure was correct. This discrepancy has fueled debate and legal battles over the true extent of his wealth.
Legal troubles and federal investigation
The divorce between Sergio Pino and his wife Tatiana has been particularly contentious, involving allegations of poisoning, arson, and stalking. In 2022, Tatiana filed for divorce, citing unexplained health problems she had suffered for years, which she later attributed to alleged poisoning by Pino. She claimed that tests performed at Johns Hopkins revealed the presence of fentanyl and bath salts in her system, allegations which Pino has vehemently denied.
In addition to the poisoning allegations, there have been several incidents of vandalism and violence. In August 2023, Tatiana was targeted outside her Pinecrest residence in a hit-and-run incident involving a rented truck. Federal investigators are investigating these incidents, and four individuals, including a former employee on Pinos’ yacht, have been arrested and charged with stalking and other offenses.
Business ventures and philanthropy
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Despite his legal issues, Pino remains active in the real estate market. In January 2024, Century Homebuilders Group and Treo Group purchased an 11.6-acre development site in Homestead for $10.5 million. Plans for this site are still under development, but it is expected to be a significant project.
Pino is also known for his philanthropic efforts. He has supported various organizations including La Liga Contra el Cancer, the American Cancer Society, and Habitat for Humanity. Additionally, he made a significant donation to Florida International University, funding the Eugenio Pino & Family Global Entrepreneurship Center.
Sergio Pino’s net worth in 2024 remains a complicated topic, influenced by his extensive real estate holdings, ongoing business ventures, and legal battles associated with his divorce. While estimates of his net worth vary, it’s clear that Pino remains an important figure in the South Florida real estate market. His story is a testament to both his business acumen and the turbulent personal challenges he faced.
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Category: Net worth