Wall Street Cribs: The Hamptons
Manhattan is undoubtedly the finance capital of the world; every major bank, hedge fund, private equity, or management firm has operations there. But a few hours’ drive east takes you to its summer capital; the Hamptons.
Originally a group of sleepy villages, the Hamptons has transformed into America’s unofficial Riviera, its white beaches and raging nightlife has attracted celebrities far and wide and has given more opportunities for models and bottles than what your average analyst might handle.
Partying there is one thing, having a second home there to party in is another.
Here’s a peek at some of Wall Street’s movers and shakers summer cribs:
The subprime rockstar bought his new digs in 2008 for $41.3 million. The 20,000 sq. ft. mansion, which has a dining room that can sit 600, sits on 10.44 acres of lakefront land and features a pool, a tennis court, a carriage house and a guesthouse.
Perry Capital's Richard Perry bought their beach house back in 1998 for an undisclosed sum. The home is full of 60's pop art and yes, that's a lap pool in the dining room.
The former credit analyst turned takeover whiz's Hamptons home is the largest in the United States. Sitting on 63 acres, the 72,000 sq. ft. main house has 29 bedrooms, 39 baths, and a 164-seat theatre. The outbuildings include 2 tennis courts, 2 bowling alleys and a basketball court. Plus a garage sufficient for 200 cars.
Earning $4 billion in a single year sure is sweet, and buying a summer home to celebrate would sure as hell sweeten things some more. David Tepper is (or was) in talks with former GS CEO Jon Corzine's ex-wife to purchase her Hamptons home for a reported $50 million. The house features 6 beds, 5 baths, a pool, and a tennis court.
The recently retired hedge fund legend's home may not be as flashy or as big as the others featured, but what it has is a reputation for crazy parties. Paul Tudor Jones reportedly arrived at one after downing a few and while on crutches, tossed his coat at the singers and threw a drink at the host. Not exactly WSO crazy, but then again, who know's what other shit happened there?
Are these reason enough to get into finance? Hell no.
But its good to know what you might get if you do.
Have a great weekend everyone.
72000 square feet? Damn
lol these guys suck...If I have that much money, I will buy a fucken island from Greece and in my private jet.
i have a friend from the hamptons. He wears gucci, hermes, and dior everyday and still considers himself working class.
about the Richard Perry pool in living room.... it makes the room STINK of chlorine and also makes it very humid. Very nice for show, not so nice to live in. I'm not saying I wouldn't want to own one though ;)
29 bedrooms and 39 bathrooms is absurd. And why the fuck does anyone need two bowling alleys in their house?
Ours is not to reason why, ours is but to do or die.
LOL, these houses are absurd. Ironically, I'm looking to make my millions by bringing back sanity to the housing market by building beautiful, desirable, value-adding homes that are 2,200 to 3,000 sqft. 72,000 sqft house is obscene. But in fairness, these aren't actual neighborhoods to speak of, but estates.
If I had 50M to buy property, I'd buy a castle in the south of France; a mansion on Mykonos Island, another house in Bahia, Brazil and a chalet in Switzerland. And the best part would be that I would have 25M left over. I find the Hamptons are crazy overpriced to accomodate alpha male egos and pissing contests. There are much better and cheaper vacation spots all over the world, for the rich who are more focused on being on vacation than being seen.
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