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.
With a net worth of 1.3B, this is like someone with net worth $1M buying a house for $85K. Seems reasonable.
And the guy will prolly just pee outside on the lawn when he wakes up from his bender and has a cigarette.
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