Hot off the news that Vanity Fair revealed this morning about former MF Global CEO Jon Corzine's French-chateau-buying aspirations, we wanted to remind our readers that this isn't the first time Corzine has made headlines in real estate.
In 2010, Corzine's ex-wife sold their old Long Island mansion in the Hamptons for $43.5 million—at the time the most expensive home in the area—to none other than Appaloosa CEO David Tepper.
Then, in June last year, Tepper tore it down to build a mansion twice the size of the previous one. That's a pretty big in-your-face coming from Tepper—who used to work at Goldman Sachs but left the firm after he was passed over for partner—to Corzine, who was rising through the ranks at Goldman when Tepper left.
Seems like Tepper's made a pretty good career out of smugly picking up the shambles of Corzine's old life. His hedge fund Appaloosa—which specializes in distressed debt—also bought up an 8.64% stake in MF Global after it went bankrupt.
Tepper's home will take up almost double the amount this one uses
Source: AerialAesthetics.com
The former 6,000 square foot house
Source: Sotheby's International Realty
Views of the ocean
Source: Sotheby's International Realty
See the rest of the story at Business Insider
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