News

Downtown dream! American’s richest black person who is worth $4.4billion buys the most expensive penthouse in lower Manhattan for a record-breaking $60million

The wealthiest black American has just purchased the most expensive penthouse ever sold in downtown Manhattan, in the Chelsea neighborhood.

Robert F. Smith, who is the chief executive of private equity firm Vista Equity Partners, has been identified as the buyer of a combined duplex penthouse and lower level apartment for $59.058 million, according to the Wall Street Journal.

Smith, with a net worth of $4.4 billion, is currently the wealthiest black person in the United States, and third wealthiest in the world, according to Forbes.

He’s followed by Oprah Winfrey, with a reported net worth of $2.7 billion, making her the second wealthiest black person in the US and the fourth wealthiest black person in the world.

Robert F. Smith, who is the richest black person in America, has been identified as the buyer of a combined duplex penthouse and lower level apartment for $59.058 million, making him the owner of the most expensive penthouse in downtown Manhattan; Smith is seen here onstage at 2018 Reflections Of Excellence at Morehouse College on February 17 in Atlanta

Smith’s new acquisition, in a building known as The Getty, overtakes the purchase price of the penthouse at Walker Tower, which was a condo conversion also located in Chelsea.

That property sold four years ago in 2014, for $51 million.

Smith is now one of just five home owners at the building located at West 24th Street and 10th Avenue.

The development, designed by Peter Marino, was erected on the site of a gas station, which inspired the name of the structure after it was demolished.

Smith’s total square footage spans 10,000 square feet,  boasting two master suites, four other bedrooms, two kitchens, two great rooms and its own private terrace on the roof

The development, designed by Peter Marino, was erected on the site of a gas station, which inspired the name of the structure after it was demolished

Smith’s total square footage of his new home amasses an impressive 10,000 square feet.

It boasts two master suites, four other bedrooms, two kitchens, two great rooms and its own private terrace on the roof.

Amenities within The Getty include an art gallery and a museum on the floors below Smith’s penthouse.

Michael Shvo, who put to rest an art sales criminal tax case in April after settling for $3.5 million (including penalties), is co-developing the building.

Sales and marketing are being headed up by Adam Modlin of the Modlin Group and Tal and Oren Alexander (who are brothers) of Douglas Elliman.

The Austin, Texas-based venture capitalist now has over $30 billion in assets under the management of his firm, making his one of the world’s most successful hedge funds, Forbes reported in March.

The incredibly wealthy man pledged a $50 million donation to his alma mater, Cornell University, in 2016.

Smith, who was previously an executive with Goldman Sachs, is also the first African-American chairman of the board of Carnegie Hall.

Forbes decided to leave all Saudis off its list of black billionaires for 2018, leaving out Saudi-Ethiopian construction tycoon Mohammed Al-Amoudi who was worth $8.4 billion last year.

Related Posts

Putin says he will fire MORE of Russia’s new hypersonic missiles at targets in Ukraine and has already begun mass production of the nuclear-capable weapon

Vladimir Putin has said he will fire more of Russia’s new hypersonic missiles at targets in Ukraine. The Russian president added that his country has already begun mass production of the nuclear-capable weapon. Putin also said that Moscow would carry out more tests of the hypersonic Oreshnik ballistic missile in ‘combat conditions,’ a day after firing one on Ukraine.

British Airways stewardess ‘faces the sack’ for revealing she was on the same flight as the one bringing Liam Payne’s body home with his family

A British Airways stewardess is at risk of losing her job after posting online she was on the same flight that was taking Liam Payne’s body home. Summer-Leigh Morrison took to Instagram to let her followers know she was on the flight travelling with the late One Direction star’s coffin. She is believed to have breached breached strict guidelines by sharing a picture of the British Airways flight manifest that detailed who was on the flight.

Bombshell MH370 hunt ready to launch as ‘credible’ new evidence emerges that could lead to huge discovery in WEEKS

A NEW hunt for the missing passenger plane MH370 is ready to launch after a “credible” search plan with new evidence was submitted to the Malaysian government. Underwater…

Behind the scenes in Trump’s transformed Mar-a-Lago that’s so exclusive even money can’t get you in

The terrace is packed every night with politicos looking for a post or people simply looking to party. The opportunistic and the merely curious are offering members thousands of dollars to land a seat at dinner. And since November 5 Mar-a-Lago has become ‘the most exclusive place’ on the planet,’ according to one regular. Every night is like a party, as guests throng the pool deck waiting for the man who will become the 47th president of the United States to make his grand entrance.

‘Putin isn’t bluffing… we are walking into disaster’, Serbia’s president warns, as Poland says ‘threat of global conflict is real’

Serbia’s president has issued a stark warning regarding the ongoing Russia-Ukraine conflict, claiming that Vladimir Putin is ‘not bluffing’ about the potential use of nuclear missiles. According to Serbian publication Novosti, President Aleksander Vucic, one of Putin’s allies who claims to know the Russian leader ‘very well’, told journalists: ‘Don’t think that someone somewhere is bluffing, unfortunately, nobody is bluffing and, unfortunately, we are walking into mild disaster’. Vucic’s ominous comment comes after Ukraine carried out its first strike on Russian territory with a US-supplied long-range missile on Tuesday – just days after the Biden administration gave Kyiv the green light despite fears it could escalate the conflict beyond control.

BBC Question Time audience member enrages farmers by saying he wants to play ‘the world’s smallest violin’ for those hit by Keir Starmer’s inheritance tax grab

A BBC Question Time audience member has enraged farmers after saying he wants to play ‘the world’s smallest violin’ for those hit by Keir Starmer’s inheritance tax. The Prime Minister is facing a growing backlash from farmers, celebrities and his own MPs over Labour’s decision to impose 20 per cent inheritance tax on farms worth more than £1million. More than 10,000 farmers and high-profile supporters including Jeremy Clarkson and Lord Lloyd Webber descended on Westminster to protest against the controversial policy on Tuesday.

Leave a Reply

Your email address will not be published. Required fields are marked *