Steven Posner, real estate tycoon, dies at 67

Real estate tycoon Steven Posner died Monday in a high-speed boat crash near Miami that killed another man and left two others injured, authorities said Tuesday. Posner was 67.

The Florida Fish and Wildlife Conservation Commission issued a statement confirming the death of Posner, son of the late corporate raider Victor Posner, and said it is investigating Monday's crash on Biscayne Bay.

The agency said a friend of Posner's, 60-year-old Clive Warwock, was killed and Posner's 64-year-old cousin, Stuart Posner, was seriously injured. Both men were aboard Posner's boat.

Posner's 44-foot race boat and a similar 46-foot vessel collided. The operator of the second boat, 27-year-old Friedrich Eigelshoven of Fort Lauderdale, suffered minor injuries. A passenger on the second boat was not hurt.

The crash happened about 1 p.m. Monday in clear conditions. The Fish and Wildlife Commission said the boats — each capable of speeds approaching 100 mph — appeared to be racing before colliding, according to witnesses.

Steven Posner made headlines a decade ago in a battle with his father over trust fund money. The matter was settled in 2001 and netted Posner an estimated $100 million in real estate holdings. The deal was struck after father and son tossed a gold coin before a Miami judge to determine Steven Posner's share.

Victor Posner died in 2002.

-- Associated Press