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Fortune
Fortune
Alena Botros

Co-CEOs at a $31 billion homebuilder share the title—but one makes millions more than the other

Stuart Miller Brad Miller Lennar
(Credit: Richard Drew—AP Photo)
  • CEO number one is Stuart Miller, who is also Lennar’s executive chairman and has been with the company for some 40 years. The other is Jon Jaffe, who is also the company’s president. Miller’s total compensation for the fiscal year ending Nov. 2024 was valued at about $30 million and Jaffe’s, in comparison, was valued at $25 million.

The $31 billion homebuilder Lennar has been around for seven decades. Its executive chairman and co-chief executive Stuart Miller has worked for the company for more than half that, but didn’t snag the corner office until 1997. Since then, he hasn’t relinquished his place at the top of the organization.

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