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

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.

 

Not reported: the mansion is owned by 80 offshore companies.

 

With a net worth of 1.3B, this is like someone with net worth $1M buying a house for $85K. Seems reasonable.

 

"and his wife" Yeah, I'm sure they split the bills.

 

22 bathrooms?...Excessive, why would anybody need anymore than 18.

 

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

 

Who are you to judge another man's needs?

 

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

 

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