Elizabeth Rad Net Worth 2026: Sorrel River Ranch Owner

No reputable publisher has released a net worth estimate for Elizabeth Rad, so the $18.8 million figure that appeared on older profile sites is not repeated here. What the public record does show is a hotel and property investor with a sizeable portfolio: Rad manages Palm Beach-based Corrado Properties, which owns the Sorrel River Ranch Resort and Spa in Moab, Utah, and she paid $4.5 million in 2020 for West Palm Beach's historic Hotel Biba, now being turned into a private members' club.

What is Elizabeth Rad's net worth?

There is no sourced figure. Forbes, Bloomberg and Celebrity Net Worth do not cover her, and her companies are privately held, so their revenue and debts are not public. The old yearly, monthly and daily income numbers on this page had no source and have been removed. The known pieces are property transactions reported by the press, listed below, which show the scale of her dealings but not what she owns outright after loans.

Where the money comes from

Corrado Properties

Rad is listed in Florida state records as manager of Corrado Properties, a Palm Beach company that owns and develops boutique luxury hotels and resorts, according to The Palm Beach Post. The New York Observer described her as president of Corrado Properties as far back as 2010.

Sorrel River Ranch Resort and Spa

Corrado's best-known property is Sorrel River Ranch, a riverside resort on Highway 128 outside Moab, Utah. Rad has spoken publicly as its owner. In 2019 she told The Salt Lake Tribune that reliable landline service was vital for a resort in a remote canyon, as Utah consumer regulators pushed for an investigation of the local phone provider after repeated outages. The Tribune also ran a separate story on the outages, in which the Moab resort owner said she could not put a number on the damage they had done to her business.

Hotel Biba and Biba Social

Through an affiliate, Royal Palm WPB Hospitality, Rad bought the former Mount Vernon Motor Lodge, later known as Hotel Biba, in late 2020 for $4.5 million, according to property appraiser records cited by The Palm Beach Post. The nearly one-acre site on Belvedere Road opened in 1941, was designed by architect Belford Shoumate and is on the National Register of Historic Places. In 2000 it had been revived as a boutique hotel, with interiors by Biba fashion founder Barbara Hulanicki, before closing.

West Palm Beach's Historic Preservation Board approved the renovation plans in April 2022. The Post reported in July 2023 that construction had started that spring, that the room count would drop from 44 to 26, and that Rad had used original drawings from the Palm Beach Preservation Foundation in the design. The branding agency Major Studio says it worked with her on a hotel, beach club and restaurant concept for the site.

The project has since become Biba Social, a private members' club. In February 2026 The Palm Beach Post reported that the opening had slipped from fall 2024 to fall 2026, that the club had changed managers and contractors, and that it faced a lawsuit from a Miami hospitality firm over $39,500 in consulting fees. A separate $2.5 million foreclosure filing was voluntarily dismissed within days; Rad told the paper it had been filed in error. A 2024 construction claim for about $548,000 was settled and dismissed. Plans include 26 rooms, a pool, a rooftop cigar lounge and the first U.S. restaurant from Monaco-based MayaBay.

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Property deals reported by the press

The Observer described the 11th-floor loft as a five-bedroom unit and credited Rad with building up Sorrel River Ranch and the steakhouse Le Relais de Venise L'Entrecote.

Career

Rad's public career has been in real estate and hospitality: running Corrado Properties, owning and operating Sorrel River Ranch, and redeveloping Hotel Biba. The old version of this page also said she chaired a company called Radar Logic, went to Pine Manor College and began with a distressed property in her hometown. None of those claims could be traced to a reliable source, so they have been removed.

Personal life

Rad keeps her private life out of the press. The earlier claims about her husband, parents, childhood and small-town upbringing had no source and have been removed, as have the age, height and weight figures. No reliable source gives her date of birth.

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Net worth compared

Other real estate and hospitality owners on this site include Allie Beth Allman, founder of a real estate firm, and Anthony Wedo, a restaurant group founder. As with Rad, their wealth is tied to privately held businesses whose values are not published.

Why no estimate is given

A net worth figure needs to account for property values, mortgages and business debts. For Rad, the press has reported purchase prices and sales, but not the value of Sorrel River Ranch, the debt on Hotel Biba or her stake in Corrado Properties. Until a reputable outlet publishes an estimate, this page lists the verifiable deals instead of a guess.