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Hedge fund billionaire sells Connecticut mansion for $25M
Former Soros exec had listed it for $32M
Wall Street billionaire Stanley Druckenmiller sold his Greenwich Connecticut mansion for $25 million.
Sotheby’s International Realty’s Leslie McElreath had the listing for the 12,000-square-foot home on the 19-acre estate known as Sabine Farm, the Wall Street Journal reported. Druckenmiller and his wife Fiona restored the 1910-era house after purchasing it for $23 million in 2004. The home was meant to be a weekend getaway, but the couple never got much use out of it, according the the Journal.
Carolyn Sarsen of David Ogilvy & Associates was the broker for the unnamed buyer.
The transaction marks the third sale over $20 million in Greenwich so far this year, McElwreath said.
Druckenmiller, 64, has an estimated net worth of $4.7 billion, according to Forbes, and was formerly an investment strategist for George Soros. He closed his own trading firm, Duquesne Capital, in 2010. [WSJ] — Will Parker