Curious if anyone has any thoughts on his recent purchases. Is he moving away from paper assets because he sees a correction coming? Or is he just in the mood to buy and there's nothing more to it?
He's spent about 360M USD in real estate purchases in 2 weeks, the other one being a 122M mansion in London.
| +89 | Zoomers are doing life wrong | 28 | 1d | |
| +72 | GF doesn’t care about her looks | 49 | 1h | |
| +42 | Affair with my Associate… In Desperate Need for Advice | 22 | 11h | |
| +39 | Insurance as High Finance? | 10 | 1d | |
| +37 | 400k/year in HVAC sales? | 26 | 13h | |
| +33 | Would you rather live alone in an outer borough or with roommates in Manhattan? | 23 | 1d | |
| +31 | Framed Photo of CEO on desk. | 16 | 1d | |
| +29 | How to sound more eloquent? | 10 | 28m | |
| +26 | Why do people listen to Jim Cramer Investing Advice? | 9 | 8h | |
| +24 | BO -> ??? | 14 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
if you're worth $10,000,000,000 $400,000,000 on houses is still only 4% of your net worth...
I think if he was "diversifying" into real estate, it wouldn't be in the form of just a few ultra-luxury properties. I think he's just buying nice things to have nice things, because billionaires can do that.
Don't forget to add on top of that his doubling down on 425 Park Ave for Citadel. I also thought it was strange that he would buy up two uber-expensive properties at this point in the residential real estate cycle. As HighlyClevered mentioned, he might just be enjoying himself.
After the horrible period that many hedge funds just experienced, Ken here is just flexin'
Dolorem est enim voluptates sapiente neque sequi. Ut ut unde cumque iure atque qui.
Consequatur quia quis veniam nostrum excepturi provident facilis. Aliquam suscipit odio doloribus tenetur non. Mollitia asperiores temporibus voluptatem libero natus quia debitis doloribus. Dolore expedita eos error consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...