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Top 10 Most Expensive Homes Of Top Finance Executives
In the recent past, we have written about celebrity homes and celebrity homes for sale. However, the most expensive homes are not necessarily the exclusive domain of musicians, actors and socialites. How can we forget those big Wall Street executives, the hedge fund managers, the top honchos of financial institutions, many of whom have made more money than your regular successful celebrity. In this article, we shall focus on the top finance guys who currently own some of the most expensive homes in US.
Where do these billionaires and multi-millionaires live? What kind of homes do they like? What is their price range when they decide to go house hunting? In this post, we take you to visit 25 of the most expensive homes in the United States that are presently owned by the chiefs of the biggest financial institutions in the country. You will notice that New York City is a big favorite among the moneyed honchos mentioned in this post. Even those who choose to stay outside the Big Apple prefer posh New York state locations such as the Hamptons. Their homes are no less than the homes of our dreams. Many of these feature basketball and tennis courts. Some come with their own wine cellars and libraries. Several offer stunning views – whether of the New York City skyline or of the ocean. Yes, these are truly dream homes extraordinaire – each and every one of them.
Want to know more about the housing habits of these men who have perfected the art of making money? Read on to find out!
10. Howard Marks’ Park Avenue Duplexes
Where: New York City, New York
Value: $52.5 million
In 2012, Howard Marks set something of a real estate record on buying two adjoining duplexes for $52.5 million; this proved to be the most expensive co-op to sell in the Big Apple at the time. Howard Marks is the co-founder of Oaktree Capital, so clearly, expense was not an issue. Together, the duplexes occupy the 12th and 13th floors of the building on 740 Park Avenue (yes, the same address as Steve Schwarzman), and have over 30 rooms. Sleeping over is no problem as the two apartments have eight bedrooms and ten bathrooms. The elliptical staircases are architecturally stunning.
9. David Tepper’s Oceanfront Sagaponack Estate
Where: Southampton, New York
Value: $60 million
David Tepper used the millions he made as a hedge fund manager and founder of Appaloosa Management to buy this beautiful mansion in Sagaponack. The transaction cost him $43.5 million only a year ago; Tepper is already profiting from his 2011 investment. However, he was not satisfied with the mansion as it stood at the time. So he tore it down in a bid to create a main residence that is twice its former size. Construction work is still going on at the 6.5-acre property that boasts of ocean frontage of 500 feet.
8. Lloyd Blankfein’s 15 CPW Duplex
Where: New York City, New York
Value: $65 million
Talk about investments bearing fruit. In 2010, Goldman Sachs CEO-chairman Llyod Blankfein purchased a duplex at 15 Central Park West for the price of $26 million. Today, that same apartment is worth $65 million. The 15 Central Park West address is hugely popular with the richest Americans. Thus, Blankfein has most likely been rubbing shoulders with high-profile neighbors such as Sting, Denzel Washington and former Citigroup CEO Sandy Weill.
7. Phil Falcone’s Mansion
Where: New York City, New York
Value: $68 million
Phil Falcone, the founder of Harbinger Capital and LightSquared, purchased this Upper East Side mansion as recently as 2008, paying $49 million for it. Since then, and despite recession-hit propertyprices, the value of the mansion has increased considerably; it is now valued at $68 million. Falcone and his wife Lisa Maria have undertaken elaborate renovation plans. This could be partly because former owner, the publisher Bob Guccione, had constructed such oddities as marble columns bearing his face. However, the Falcones are aiming at a lot more and are spending around $10 million to redo the 25,726-square-foot home. A 34-foot-long swimming pool, a high-tech security room, and a personal movie theatre are on the cards.
6. Ron Perelman’s East Hampton Estate
Where: East Hampton, New York
Value: $70 million
Ron Perelman’s East Hampton estate is better known as “The Creeks”. The estate covers 57 acres in the Georgica Pond area. Current estimates put the value of this expensive property at $70 million, but when Perelman bought it in 1990, the current chairman and CEO of MacAndrews & Forbes Holdings Inc. paid only $12 million for it. That this would prove to be a sound investment when the property came to be valued at $25 million in 1991. The estate was constructed by artist couple Albert and Adele Herter in 1899. The main residence is a mansion housing 40 rooms and nine fireplaces. The mansion offers views of the coastal lagoon, and is a veritable dream home.
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