Slim-Fast founder pays $4.5M for Palm Beach condo

S. Daniel Abraham, the founder of the Slim-Fast weight loss drink, has paid $4.5 million for a condominium in the Palm Beach Biltmore, the Palm Beach Daily News reported. Abraham already owns several units in the building. The sellers were Victor and Gussie Baxt, who had owned their Biltmore unit since 1994. “It was a gorgeous apartment, and the terraces were planted beautifully,” said Dorothy Levy of Edgewood Real Estate, who represented both sides in the deal along with Edgewood’s Richard Block. Abraham is one of the world’s wealthiest people, according to Forbes. [Palm Beach Daily News]