clock menu more-arrow no yes mobile

Filed under:

The Year in Filthy-Rich Heirs/Heiresses Buying Real Estate

New, 1 comment

More than any year in recent memory, 2012 meant extravagant home purchases and sales by and for the children of the fabulously wealthy. Russian fertilizer billionaire Dmitry Rybolovlev kicked things off early in the year when he closed on the penthouse at NYC's 15 Central Park West for the jaw-dropping price of $88M, probably to shelter some of his cash from his wife's lawyers during a messy divorce proceeding, but ostensibly as a New York home for his 22-year-old daughter, Ekaterina. The 6,744-square-foot apartment features a wrap-around terrace, an oval master bedroom, three additional bedrooms, and, of course, stunning Central Park views. The seller was former Citigroup chief Sanford Weill, who had broken building and city per-square-foot sales records when he bought the place for $43.7M, and more than doubled his money on the deal, while quietly moving downstairs to the other apartment he owned in the building.

? While the daughter of a Russian billionaire was snapping up uptown penthouses, the daughter of Hungarian-born billionaire financier George Soros, Andrea Soros Colombel, was preparing to make a healthy profit on the sale of her Greenwich Village townhouse. Purchased in 2006 for $11.5M and extensively renovated in the years since, the 21-room urban mansion returned to market for a whopping $29.5M. That renovation, with its "7 bedrooms, 7 full baths and 3 half elevator, 3 wood burning fireplaces, multiple outdoor spaces, high-end finishes, central heat and A/C, security system and a full centralized sound system," sure wasn't cheap, but an $18M price bump should cover it.

? Money manager Ron Baron, while hardly a household name, is famous in Hamptons real estate circles for spending more than $100M on a waterfront lot. So when it came time to secure his son, David, a home in Manhattan, the elder Baron probably didn't bat an eye at the $11M price tag. The 4,400-square-foot apartment sits on the 12th floor of 1000 Park Avenue and boasts five bedrooms and six bathrooms.

? Out on the West Coast, movie producer and Oracle heir Megan Ellison—yes, her father is the one, the only Larry Ellison—took the opportunity to try to unload one of her many homes in the Birds neighborhood of Los Angeles. The midcentury spread had been substantially altered by architect Steve Hermann, who installed the current sleek interiors, which include three bedrooms, four bathrooms, 13-foot ceilings, a cavernous living room, a glass-walled master bathroom, and a giant dressing room. Ellison, who paid $12.6M for the chic pad as part of a very like-father-like-daughter buying spree in 2008, was asking $15.5M before pulling the house from the market this fall.

? Even the sister of Petra Ecclestone—the Formula One heiress who just last year dropped $85M on the famous Spelling mansion—was allegedly out hunting for a house of her own in 2012. Tamara Ecclestone was supposedly eyeing the $125M megamanse listed by rich divorcee Suzanne Saperstein, a 35,000-square-foot white elephant that has sat on the market for years now without selling. Some said it was just a rumor, however, and with no sale to show for it, it seems the Ecclestone twofer was not to be.

· World's 93rd Richest Person Buys $88M 15 CPW Penthouse [Curbed NY]
· Soros Heir's Village Townhouse Listed for $29.5 Million [Curbed NY]
· Ron Baron [Forbes]
· Billionaire Software Heiress Lists One of her Excess Estates [Curbed National]
· Spelling's $150M Megamansion Finds Appropriately Absurd Buyer [Curbed National]
· (Not) Sold Stuff [Curbed National]
· All Year in Curbed 2012 posts [Curbed National]