The Real Deal New York

Posts Tagged ‘Billionaires’

  • Nicole Miller and

    Upcoming LLNYC cover star Nicole Miller and the Audi Hamilton Island Race Week in Australia

    1.  Food will meet art at Sotheby’s this fall. Upcoming LLNYC cover star, Nicole Miller, is co-hosting “The Art of Food,” where Upper East Side chefs prepare art-inspired avant-garde meals. Be there.

    2. Forty-year-olds, who never got over their sweet 16, are dropping six figures on embarrassing parties. Luckily Bravo is there to capture all the cringe-inducing excess.

    3. Billionaires gathered in Australia to race yachts, and consume 106,000 beers, six tons of beef, 3,000 sausage rolls, 3,000 bottles of mostly vintage champagne, 12,000 boxes of strawberries, a small volcano of in-season Tasmanian truffles and … one apple.

     

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  • Pentti Kouri

    Pentti Kouri

    Now that’s one steep broker fee: the Manhattan law firm Reed Smith wants $3 million in fees for selling a Soho loft for $10.5 million, and generally cleaning up the estate of late billionaire economist Pentti Kouri.

    Kouri, who became a billionaire in the dot-com bubble, had five kids with two women before his death in 2009 — even though his estate is bankrupt, according to the New York Post. And it took more than 40 attorneys from the Reed Smith six years to untangle tens of millions of dollars in debt owed by his estate, according to court papers filed by Reed Smith lawyers. [more]

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  • From left: Chau Chak Wing, right, with his son Eric., the Packer mansion and Mariah Carey with James Packer

    From left: Chau Chak Wing, right, with his son Eric., the Packer mansion and Mariah Carey with James Packer

    In a game of billionaire home swap: Chinese billionaire Chau Chak Wing bought Australian billionaire James Packer’s mega mansion outside Sydney, Australia for $70 million. The deal has set a new residential sale record for Australia. [more]

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  • From left: Bill Gates and Warren Buffett

    From left: Bill Gates and Warren Buffett

    The world’s richest people lost a combined $70 billion Monday as markets tanked amid fears of Greece’s default to the International Monetary Fund and declines in China due to leveraged investors exiting the market.

    The average loss for billionaires was $175 million, and the collective drop in the value of their fortunes amounted to 1.5 percent. The loss is more than the market capitalization of Twenty-First Century Fox or Ford Motor Co., Bloomberg News reported. [more]

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  • Miami skyline

    Miami skyline

    From the South Florida website: Miami has become a hot spot for the wealthy, and will remain among the world’s top 10 cities for the super rich through at least 2025, according to Knight Frank’s Wealth Report 2015.[more]

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  • Billionaire Jay Paul, Dumbo and Two Trees Management's David Walentas

    Billionaire Jay Paul, Dumbo and Two Trees Management’s David Walentas

    The Forbes Billionaires List added two U.S.-based real estate billionaires in 2015. So how’d they do it? Forbes offers four lessons for making it big in real estate. [more]

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  • From left: Billionaire's Row in London and Billionaire's Row in New York

    From left: Billionaires’ Row in London and Billionaires’ Row in New York

    The luxury markets in New York City and London often draw comparisons. But at the moment, they’re showing very different trends. [more]

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  • mainlodge13

    William Koch and the Elk Mountain Lodge in Aspen

    Billionaire William Koch has relisted the Elk Mountain Lodge in Aspen, and he’s upped the price to $100 million. [more]

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  • Harrods department store in London, where you might find some of the world's wealthiest individuals.

    Harrods department store in London, where you might find some of the world’s wealthiest individuals.

    The world’s ultra-rich are on the move. In its 2015 Wealth Report, real estate consultancy Knight Frank took a look at the migration flows of the world’s so-called high-net-worth-individuals (HNWIs) from 2003 to 2013. [more]

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  • Lee Shau Kee

    Lee Shau Kee

    Check out the top billionaires who listed real estate as one of their main sources of wealth on Forbes’ 2015 ranking.

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  • A billionaire's Midtown apartment

    A billionaire’s Midtown apartment

    This ultra-luxurious penthouse in Manhattan is the home of an extremely private billionaire. So private, in fact, we can’t even tell you his name. [more]

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  • The Manhattan skyline in 2018, according to City Realty

    The Manhattan skyline in 2018, according to City Realty

    The seven super-tall residential towers coming to Billionaire’s Row are just the tip of the iceberg. Across Manhattan, massive obelisk-like skyscrapers will transform the skyline in the years to come. [more]

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  • Waggoner Ranch in Texas

    Waggoner Ranch in Texas

    Billionaire executives are buying ranches for cattle operations, hunting game and to entertain clients and guests. [more]

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  • From left: 220 Central Park South and One57

    From left: 220 Central Park South and One57

    Long term residents of the so-called “Billionaire’s Row” are increasingly leaving the stretch as rapid, high end development is transforming their neighborhood. [more]

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  • 20140918_billionaire_map

    Billionaire population by cities

    Billionaires care more about cities than countries, according to a new report, and the metropolis at the top of their list is New York City. More after the jump.

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  • "Billionaire's Row" in Manhattan

    “Billionaires’ Row” in Manhattan

    Demand for luxury real estate among investors is encouraging developers to add to Midtown’s growing stock of high-end housing. [more]

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  • From left: Copper Beech Farm in Greenwhich, Connecticut and Fair Field Estate in Sagaponick, New York

    From left: Copper Beech Farm in Greenwich, Connecticut and Fair Field Estate in Sagaponick, New York

    Economic slowdown or not, billionaires are still buying $100+ million homes. And many of those homes can be found in the New York area. [more]

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  • Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky

    Airbnb’s Nathan Blecharczyk, Joe Gebbia and Brian Chesky

    Airbnb is willing to shell out more than $21 million per year in taxes that the city could put toward homeless shelters. Currently, it’s unclear whether hosts are subject to New York’s lodging tax.

    The website’s founders proposed in a letter to Mayor Bill de Blasio this week that a clarification of the law governing hosts would ease the company’s collection of taxes from hosts. [more]

    9 Comments
  • U.S. Census maps illustrating demographic changes in NYC (via Huffington Post)

    The cost of living in both New York City and San Francisco has skyrocketed in the past twenty years. Today, some feel that these cities have left behind their traditions as “economically diverse melting pots” to become exclusive playgrounds for the wealthy (see video after the jump).

    4 Comments
  • From left: Russian billionaire Dmitry Rybolovlev; the $88 million apartment at 15 CPW Rybolovlev’s daughter bought; and the townhouse at 15 East 64th Street that billionaire Len Blavatnik purchased in 2007 for $50 million.

    WEEKENDEDITION New York City has heard a lot of talk about real estate and taxes of late. Particularly, about the tax revenue raised when super-rich foreigners buy super expensive apartments in the city. However, much of the tax generating potential of billionaire pieds-à-terres is myth, according to Crain’s. [more]

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