22-Year-Old Daughter of Infamous Russian Billionaire Pays Record $88 Million for This NYC Penthouse
Earlier this year, ex-Citigroup chairman Sanford Weill decided that he was going to try to sell his 6,744-sq-ft NYC penthouse for an unbelievable $88 million. Not surprisingly, investors didn’t exactly rush to make offers. In fact, very few people thought Weill was going to be able to pull off the multimillion dollar sale.
And just when it seemed like Weill’s attempts to get the apartment off his hands were going nowhere–even after promising to donate all the money to charity–he found a buyer: Ekaterina Rybolovleva, the 22-year-old daughter of Russian billionaire Dmitriy Rybolovlev.
Yes, that Dmitriy Rybolovlev.
“Murder? What Murder?“
He is the 93rd richest man in the world (with a net worth of $9.5 billion). He served 11 months in jail for allegedly ordering the murder of another businessman (he was later acquitted because of lack of evidence). The “fertilizer kingpin” famously made his wealth buying industrial concerns in the early 1990s during Russia’s “wildly unregulated privatization period.” Oh, yeah, just in case his name doesn’t ring any bells, he’s the Russian mogul who took Donald Trump to the cleaners.
Wait, what was that about Donald Trump?
In May 2008, Rybolovlev purchased Trump’s Palm Beach mansion, Maison de L’Amitie. He paid $95 million in cash, which was much less than what Trump was asking ($25 million less, to be precise). Apparently, the final transaction between the the Donald the Fertilizer Kingpin resulted in Trump making the largest single residence price concession of all time.
And now it would seem that Rybolovlev’s daughter is interested in making her own multimillion dollar real estate investment.
“According to a source familiar with the sale, she paid the full asking price of $88 million, setting a record for highest individual transaction in New York City history,” reports Forbes. Furthermore, because she is studying at an undisclosed U.S. university, Rybolovlev’s daughter will only be using her new flat when she visits New York.
Wait a minute. She paid full price for a condo that she will only see every once in a while? OK, maybe she’s not as shrewd as her father. Of course, it’s also very likely that she had nothing to do with the actual sale and her father simply bought her the penthouse as a gift.
Here is the official statement from her representatives (because, apparently, billionaire’s 22-year old daughters have representatives):
A company associated with Ekaterina Rybolovleva, daughter of a well-known businessman Dmitriy Rybolovlev, has signed a contract to purchase an apartment at 15 Central Park West, New York. The apartment is a condominium currently owned by the Sanford Weill Family.
Ms. Rybolovleva is currently studying at a US university. She plans to stay in the apartment when visiting New York. Ms. Rybolovleva was born in Russia, is a resident of Monaco and has resided in Monaco and Switzerland for the past 15 years.”
The penthouse includes 10 rooms (4 of which are bedrooms), multiple terraces and 2 wood burning fireplaces.
“This sale is an outlier. It works out to be about $13,000 per sq. foot, the highest on record, for anything, that has ever occurred,” says Jonathan Miller, chief executive of real estate appraiser Miller Samuel, “What is ironic is that when Sandy Weill bought it for less than half this amount, he paid the highest price per sq foot to date in that building, around, $6,400 per sq. foot. He is again setting a record.”
The previous New York City record had been set back before the market crash of 2007 when investor Christopher Flowers paid $53 million for a New York townhouse, according to Forbes. He resold the property on August 15 for just over $36 million.
Check out these photos of Ekaterina Rybolovleva’s sweet, new digs:
Photo 1 of 10
"At a full city block in length, the penthouse has multiple terraces, including one devoted to outdoor dining."
Photo 2 of 10
"Elliptical reeded-plaster walls in the master bedroom orient the bed toward the view of the park. The painting is by William Merritt Chase. The metal-and-leather armchair is a Marcel Coard. Drapery linen, Bergamo. Beauvais carpet."
Photo 3 of 10
"Brazilian rosewood warms the library, which also features an André Sornay octagonal mahogany end table, Jacques Adnet armchairs, a low table by Dominique and an Art Déco-style carpet created specially for the room. The slender fireplace bricks are antique, found in France."
Photo 4 of 10
“For the dining room, which overlooks Central Park, Ertegün designed macassar ebony dining tables and chairs, both from Pollaro. More Bentons hang above the Edouard Schenck consoles. Edelman chair leather.”
Photo 5 of 10
"The apartment’s grand scale is announced in the parchment-paneled entrance gallery. Sally Rogers’ Original Sin sits on the Jacques Quinet center table. Ferdinand Parpan bronze figures stand nearby on Art Déco pedestals."
Photo 6 of 10
Same stuff as before: bronze statues and a lot of European art.
Photo 7 of 10
"A pair of Thomas Hart Benton oils—there are four in the room—flank a doorway. Gueridon, Bernd Goeckler Antiques. Fabric on Pollaro Custom Furniture benches, Bergamo. Blue pillow silk, Pollack. Beauvais rug."
Photo 8 of 10
Photo 9 of 10
Source: The Wall Street Journal
Photo 10 of 10
The "Fertilizer Kingpin" may very well be the worst nickname we've ever heard. However, we've decided to play it safe and not make fun of him...ever.
(h/t The New York Observer, Architectural Design)
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Comments (71)
AnAmerican111
Posted on December 21, 2011 at 9:54amNew York! The arm pit of the Country!
Report Post »teck77
Posted on December 21, 2011 at 2:59pmAnd you are from the backside of the country…
Report Post »Ruler4You
Posted on December 21, 2011 at 5:19pmNO! You mean corruption and crime DO pay?
What a surprise. obama is going to be happy to hear this…
Report Post »JohnnyMidknight
Posted on December 21, 2011 at 6:19pmI thought that was Jersey… After all the Jersey Shore makes New York look clean… Maybe Jersey is more like the crotch of the Country, though they do have Chris Christie! lol
Report Post »rogue operator
Posted on December 21, 2011 at 9:54amThis is how one spends money when he didn’t really even earn it to begin with. http://tinyurl.com/7pzbbvy
Report Post »EchoHawk
Posted on December 21, 2011 at 11:12amSo if he’d been an American he earned the money? I gotta tell ya folks, every day I read the inane comments left here by “Blazers” I find someone who can out do the talking monkey from the previous days crazy stupid comments. What’s most disturbing to me is you all believe everything that pops into your heads.
Report Post »plumbadrumma
Posted on December 21, 2011 at 2:00pmHey ECHO-PUKE, meet me in the school yard. You forgot your daily beating!
Report Post »EchoHawk
Posted on December 21, 2011 at 5:13pmBetter pack a lunch PUDWANKER
Report Post »mred33
Posted on December 22, 2011 at 12:22amEchoJerk; There you go again stupid. You either can’t speak and understand the English language, or you are just a simple minded Progressive. I think the latter. Every time you open your mouth you show you ignorance, so why don’t you go back to you silly progressive site and chat with your small minded buddies and have a ball. Then you will all be on the simple plane and can understand each other. It’s amazing that you progressives have enough brain power to get out of bed and dress yourselves in the morning. Why do you continually come here and bother decent people with your stupid blather?
Ed
Report Post »EchoHawk
Posted on December 22, 2011 at 11:29amI know all to well the practical futility of attempting to pound something into the thickened skull of a conservative but it amuses me to get such a rise out them by simply pointing out their hypocrisy. It’s as fun as the infantile game name changing/calling conservatives must resort to because they have no other argument. Let’s see if you can actually make an intelligent argument on the issue instead of personal attack, this ought to be good from a talking horses….
Report Post »QuietBeige
Posted on December 23, 2011 at 7:50pmEchoHawk – You are a good read. Funny! I don’t agree with a word you say but it is pretty good writing and while your words may be typed in anger your narrowness and inflexibility brings a smile to my face.
Thanks dude!
Report Post »RightThinking1
Posted on December 21, 2011 at 9:46amFor those of us just barely managing to squeak by, it is rather difficult to observe the lifestyles of the truly wealthy without envy. Having a good deal of knowledge regarding construction, I always console myself by knowing that if I inspected the place, I would observe numerous flaws here and there in the workmanship, and feel better about it not being my problem, or at least justified in feeling modest contempt for the oblivious owner.
Report Post »ADNIL
Posted on December 21, 2011 at 12:27pmI took a look at the floor plan and realized I could fit my HOUSE in their living room. HAHAHAHA! Be assured that they will not really enjoy the place.
Report Post »mils
Posted on December 21, 2011 at 9:34amBLAZE. Oh Hello!!!
ADVERTISING IN THE POSTS.???
Report Post »..really?….things can’t be that bad.
Pontiac
Posted on December 21, 2011 at 11:47amGet firefox + adblock plus and stop beaching about the ads and your wasted bandwidth.
Report Post »goldmind
Posted on December 21, 2011 at 9:27amWhat will become of these ivory towers and those who inhabit them, when the masses run out of food?
Report Post »ColoradoMaverick
Posted on December 21, 2011 at 8:51amIt’s amazing that anyone stupid enough to spend this amount of money on any home even has money in the first place. What a bunch of idiots!
Report Post »turkey13
Posted on December 21, 2011 at 10:05amI’m sure it comes with free immediate citizenship. That’s better than waiting 8 to 12 years or coming thru Mexico.
Report Post »Angelteam02
Posted on December 21, 2011 at 12:08pmYour right, Turkey13…if you have money your in….It’s Sad…
Report Post »SmallGovBigGuns
Posted on December 21, 2011 at 8:47amyou’d have to pay me 88 million to live in new york
Report Post »mils
Posted on December 21, 2011 at 9:36amThis is her little apartment away from school when she‘s ’visiting’ New York…she’s not living there…
Report Post »chasbronson
Posted on December 21, 2011 at 8:22amAnd to think us peasants have to scrounge to just get a decent house. The foolishness of the Elites is astounding.
Report Post »moreteaplease
Posted on December 21, 2011 at 10:55amI know what you mean. They say a fool and his money soon part, which looks to be quite true in this case.
Report Post »My dad use to say of people like this…” That‘s all the heaven they’ll ever know”
Gonzo
Posted on December 21, 2011 at 7:56amWhat a dump.
Report Post »db321
Posted on December 21, 2011 at 11:45amThe colors are all wrong!
Report Post »dangmc
Posted on December 21, 2011 at 7:52amAnother article showing how crazy people are to live in New York. Hopefully Mr. Adams might remember in the future that adding an ‘a’ to a Russian surname renders it feminine. (Referring to the father as ‘Rybolovleva’ instead of ‘Rybolovlev’.)
Report Post »Publius Novus
Posted on December 21, 2011 at 7:48amIf you got it…after all, you can’t take it with you. I’m surprised though no Liberal post on how that money could have been put to better use. They’ll be the 1st on the trains when the Peoples Army takes NYC. Hope they have some AK47′s up in their crib.
Report Post »Sibyl
Posted on December 21, 2011 at 7:27amALL THAT MONEY and no pantry space. Really poor planning. Even if the pantry is on another floor, there is no service elevator leading straight to the kitchen and work area. The cook staff have to traipse through the library to get to the kitchen. Maybe every meal is catered or ordered in.
These people are ruthless crooks. Psalm 37 is helpful reading when looking at their seeming ‘success’.
Report Post »proliance
Posted on December 21, 2011 at 7:21amSomebody explain to me what this selling of “apartments” is all about. I know its a big-city thing, but in most of the country an “apartment” belongs to someone else and you rent it. Is it just a colloquialism for something the rest of us would call a condominium?
Report Post »HuckleberryFriend
Posted on December 21, 2011 at 6:56amLooks like they sold Glenn’s place already. Just kidding, I bet Glenn wishes his place sold for that much.
Report Post »Patrick Henry II
Posted on December 21, 2011 at 7:24amGlenn can now purcha a place that is much nicer for under 1 million and have nicer neighbors.
Report Post »How many 4 legged rats live in NY? I would not live there.
Al J Zira
Posted on December 21, 2011 at 5:11amWould liked to have been the real estate broker on that one! The typical brokerage fee is 6% so do the math. Makes for a real nice payday.
Report Post »loriann12
Posted on December 21, 2011 at 6:23amWow, 6%? They only get 4.5% here in TX.
Report Post »GeorgeWashingtonslept here
Posted on December 21, 2011 at 5:01amBoy what a steal on that property! (joking of course)……They should get screwed ….. 88 million is chump change for a Billionaire, don’t ya think? There isn’t an apartment in this country worth that. But I guess it was to some little snot nose 22 y/o that used Pop’s money……….Can‘t wait to see when she get’s bored with it…………..wonder how much Pop’s will loose on it…………..okay, enough of my ranting. Have a nice day people.
Report Post »loriann12
Posted on December 21, 2011 at 6:24am6,788 sq ft in New York? I’m not surprised it sold for more than that. You just had an article here where a closet sized room sold for more than my house in TX.
Report Post »Jomil48
Posted on December 21, 2011 at 6:58amDaddy’s little girl………..
Report Post »peaches1
Posted on December 21, 2011 at 4:58amThese people are stupid; however; isn’t it odd that all these rich people are using their children to buy real estate? I wonder why?
Report Post »GETLIFE
Posted on December 21, 2011 at 4:53amAt least we know where that money is going.
Report Post »She obviously has a bunch of paper dollars to burn. They are probably safer invested in that building than most anywhere else. Hope she paid cash….
GETLIFE
Posted on December 21, 2011 at 5:04am“…he promised to donate all the money to charity….”
Report Post »I mean we know where Ekaterina’s money is going. Now what about Sanford Weill’s haul?
fedlibertarian
Posted on December 21, 2011 at 3:06amWait till daddy gets the tax bill plus monthly dues… Donald will be waiting to unload the place from him. At a 25 mil discount:)
Report Post »idarusskie
Posted on December 21, 2011 at 2:57amwhat else you going to spend your money on when you got billions to spend. Brains?
Report Post »jim
Posted on December 21, 2011 at 2:26amSwank. Guess that communist thing didn’t work out for the Ruskies… now their all mobsters.
Report Post »marine249
Posted on December 21, 2011 at 1:36amdo you think she will let the ows 1/2 wits
Report Post »hang there
alcarfl
Posted on December 21, 2011 at 1:34amI guess the ruskies don‘t practice Obama’s redistribution of wealth philosophy. 88 mil would house and feed a lot of starving Moscovites for many years. But I’m sure she needs that kind of pad at 22. Wait til the friendly New York muggers or some leftover “occupiers” get wind of her wealthy presence in the Big Apple.Par-Tee at 15 Central Park West!.
Report Post »Walkabout
Posted on December 21, 2011 at 2:28amcrony capitalism & crony socialism.
Besides the outright corruption during the privatization of the Soviet Union there was “stake blowing” by people. Or maybe the Soviet system left the people in dire need from day 1, The communist system coud not keep the shelves stocked with basics.
Report Post »marine249
Posted on December 21, 2011 at 1:32amnice digs if you can get them
Report Post »gdbhusker
Posted on December 21, 2011 at 1:30amthats the plan… get our economy so bad that even our rich people have to sell their crap to foreigners… what friggen country do we live in? I personally think that for that kind of money she could have gotten 25k acres and a 15k sqft mansion in tx…..with enough left over for decor, cars, and a private lake….I think it was a piss poor investment..but then again, I think anyone who would live in that liberal, union, thugged out cesspool is beyond nuts!!!! NYC sucks!!!
Report Post »Athinkerinaseaoflibs
Posted on December 21, 2011 at 7:54amBesides, where can you put the extra cars that are not running at this time–you know the ones on blocks? I suppose they can go on the 2000 square foot porch. Porch/Patio/Veranda–all the same thing
This time of year, there needs to be a place for the inflatable Santa, his reindeer and Rudolf.
For that much money, I would atleast have figured on a swimming hole or something to cool down in the summer time. Just don’t get it????
I would say she got gyped.
Report Post »