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Estate of Buyout King Forstmann Lists Pair of Homes for $30M+

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The legendary buyout guru, bachelor, and billionaire Ted Forstmann, who died of complications from brain cancer last November, is said to have left more than $1B in a trust for the daughter of his most recent girlfriend, Top Chef host Padma Lakshmi. That might be what is motivating the simultaneous sale of his New York City and Southampton homes, neither of which have yet hit the public market, but both of which are said to be listed privately for more than $30M a piece. In Manhattan, Forstmann maintained a 4,000-square-foot duplex at 2 East 70th Street, on NYC's most expensive block, with views of Central Park and the Frick. His Southampton home, a 9,000-square-foot oceanfront spread on Meadow Lane (above) is said to be quietly listed for $34M.
· Teddy Forstmann's homes go up for sale [New York Post]