It’s not surprising that Treasury Secretary Steve Mnuchin has a vast real estate portfolio.
The New York native and Yale graduate was born into a wealthy family and enhanced his fortune working at Goldman Sachs and OneWest, also getting into the financing of Hollywood films like “Avatar.” When he took his position in President Donald Trump’s cabinet, Mnuchin divested some of his interests, but the 56-year-old still owns at least half a dozen properties worth roughly $100 million, according to Forbes.
His most valuable property appears to be a 6,500-square-foot home at 740 Park Avenue in New York City’s tony Lenox Hill neighborhood. That property has been in Mnuchin’s family since the 1960s, when his father worked at his eventual employer, Goldman Sachs.
Mnuchin listed the apartment for $32.5 million last fall, but is now asking $29.5 million. He also owns a property in the Hamptons worth around $13 million.
In Los Angeles, he owns at least two properties — a home on Bel Air Road he purchased in 2009 for $26.5 million and another owned through an entity called “HMBAP LLC,” according to Forbes.
He sold a seven-bedroom home in Beverly Hills for $11 million in 2017, four years after he bought it for $8.9 million.
Mnuchin has also disclosed an interest in residential and commercial real estate in Scotland, where his wife Louise Linton grew up. They now live in a Washington, D.C. home Mnuchin purchased for $13 million two weeks after Trump took office in 2016. [Forbes] — Dennis Lynch