Billionaire Ike Perlmutter bought an oceanfront townhouse in Palm Beach for $10 million, days after Disney ousted him from his role at Marvel Entertainment.
Records show Isaac and Laura Perlmutter bought the townhouse at 2 Sloans Curve Drive from Richard and Sandra Bornstein.
Isaac “Ike” Perlmutter made his fortune in a variety of investments, including in toy manufacturing. He was an unofficial adviser to the Trump White House, and was most recently chairman and CEO of Disney’s Marvel Entertainment. Forbes pegs his net worth at $4.1 billion.
The media giant dismissed Perlmutter last week. He called it a firing, citing disagreements with creative executives, the Wall Street Journal reported. Perlmutter has close ties with fellow billionaire Disney investor and Palm Beacher, Nelson Peltz, the outlet reported.
Seller Richard Bornstein is president and CEO of Providence, Rhode Island-based Koffler Group. Bornstein is the third generation of his family to lead the real estate firm, which manages a $300 million portfolio across asset classes, according to its website.
The Bornsteins bought the oceanfront townhouse for $1.8 million in 1991, records show. Built in 1981, the 4,500-square-foot unit has three bedrooms and three bathrooms. The townhouse includes ocean access and a pool, photos show.
Records show the Perlmutters also own a condo in Sloans Curve at 2000 South Ocean Boulevard that they bought for $2.2 million in May 2021.
Sloans Curve, which is on the southern part of Palm Beach near Billionaire’s Row, has attracted some big names. The former ambassador to the Netherlands and Brazil, Clifford Sobel, bought a townhouse for $7.5 million in February of last year.
Conservative media star Sean Hannity bought a townhouse for $5.3 million last April, and received approval from the town for an addition to the unit in November.
Luxury townhomes are in demand in the hot Palm Beach market. Hedge funder and real estate investor David Malm bought a townhouse for $12 million in February. A financier flipped a townhome for $26.7 million in January.