Hedge Fund Billionaire Buys Florida Mansion for $111 million, Setting State Record

Discussion in 'Wall St. News' started by dealmaker, Dec 4, 2019 at 9:31 AM.

  1. dealmaker

    dealmaker

    Hedge Fund Billionaire Buys Florida Mansion for $111 million, Setting State Record (CNBC)
    Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida. Schonfeld, founder of New York-based Schonfeld Strategic Advisors, closed Tuesday on the 6-acre estate known as La Reverie, according to a spokesman. The estate, sold by hair-care mogul Sydell Miller, has more than 70,000 square feet of living space, with 11 bedrooms, 22 bathrooms, a bowling alley, salon, spa, ice cream stand and candy parlor. It had been listed for $200 million.
     
  2. Not reported: the mansion is owned by 80 offshore companies.
     
    ironchef likes this.
  3. jys78

    jys78

    With a net worth of 1.3B, this is like someone with net worth $1M buying a house for $85K. Seems reasonable.
     
  4. "and his wife" Yeah, I'm sure they split the bills.
     
    fan27, nooby_mcnoob and jys78 like this.
  5. speedo

    speedo

    22 bathrooms?...Excessive, why would anybody need anymore than 18.
     
    fan27 likes this.
  6. Overnight

    Overnight

    And the guy will prolly just pee outside on the lawn when he wakes up from his bender and has a cigarette.
     
  7. Overnight

    Overnight

    Umm, no, the guy just spent 10% of his net worth on something he doesn't need. This is the folly of being super-wealthy
     
  8. fan27

    fan27

    Who are you to judge another man's needs? :)
     
    jys78 likes this.
  9. jys78

    jys78

    It's not like he's going to run out of $ (probably). Why not enjoy some of it?
     
    nooby_mcnoob likes this.
  10. ktm

    ktm

    "Something he doesn't need?" With that level of wealth, there are no needs - only things you desire.
     
    nooby_mcnoob likes this.