The top names in trading have multi-billions to their name – so it’s no surprise that they own some of the most exclusive and expensive properties in the world. From waterfront estates with acres of land to the most sought-after city duplexes, we’re taking a sneak peek into five traders’ “humble abodes”… and we’ve got serious house envy.
George Soros’ Trio of Luxury Homes
Estimated value: Unknown
The legendary chairman of the Soros Fund Management is rumoured to be worth $23 billion – so, of course, he’s going to have some impressive properties to his name. We all need somewhere to hang our hat, but Soros must have more headgear than the rest of us as he currently owns not one, not two, but three homes most of us would trade our left arm for. The trio of properties include a New York apartment, a super luxurious Southampton pad and a sprawling Bedford countryside estate.
His Bedford countryside retreat boasts indoor and outdoor swimming pools, formal gardens, tennis courts, an indoor recreation centre (because even multi-billionaires can’t buy good weather) and a beautiful brick mansion as well as acres of lands to stroll around as he mulls over the trading charts.
Soros also calls 1060 Fifth Avenue, New York home – in the form of a duplex apartment boasting 16 rooms that he allegedly shelled out $24 million in a divorce settlement in order to keep. A man’s home is his castle, after all.
And last but definitely not least is Soros’ New York summer
house mansion in Southampton. In 2010, Soros had a few friends over to celebrate his 80th birthday- 350, to be exact. And we bet they weren’t short on space, either.
Wilbur Bosarge’s Houston Chateau
Wilbur ‘Ed’ Bosarge Jr., co-founder of trading firm Quantlab Financials, is the owner of the most expensive house ever listed for sale in Houston at $43,000,000 – a Neoclassical chateau that wouldn’t look out of place as a summer home for a royal family.
The 1.2 acres of land contain eight bedrooms, seven bathrooms, four real fireplaces, a five-car garage (which we’d bet is full of some seriously impressive motors), a billiards room, library, swimming pool, massage room, gym and spa. Why would you ever need to leave the house?!
Bosarge’s chateau isn’t short on entertainment options: when you’ve had enough of playing tennis, lounging by the pool, soaking in the hot tub and strolling around the 27-000 square foot mansion (not including the surrounding acres of land) you can head to the media room, home theatre or music room. Beats Orange Wednesdays at your local Odeon, hands-down.
The property also boasts a kitchen that would inspire even the most reluctant of chefs, including an entertaining kitchen and a catering kitchen (we’re not even sure what the difference is), as well as a butler’s pantry and an office, in case you need to check the charts midway through cooking up a storm. And you can serve the fruits of your labour up in a dining room fit for a king.
Not a bad pad, eh?
Carl Icahn’s Lily Pond Lane Estate
Estimated value: $40 million
Investor and founder of Icahn Associates Carl Icahn, listed among the 18 richest men in America, has plenty of room for guests in his East Hampton property – seven acres, to be exact. And he’s not short of affluent neighbours in the elite Lily Pond Lane, one of the most sought-after zip codes among the rich and influential. Bon Jovi, P. Diddy and Steven Spielberg are just a few of the names you might bump into on your morning dog walk.
His estate is made up of three separate houses (you know, just in case he feels like change of scenery) as well as two tennis courts and oceanfront views. But describing the estate as a ‘house’ is selling it somewhat short – we’d probably go with ‘palace’.
The property boasts a tennis court (naturally) as well as a garden big enough to host a football tournament (if anyone would dare mess up those manicured lawns).
The estate’s waterfront position on elite Lily Pond Lane brings the property’s value up to an estimated $40-something million.
Peter Kraus’ Park Avenue Residence
The billionaire chairman and CEO of Alliance Bernstein needs an impressive New York pad, so it’s no surprise he opted for a 10-room apartment in one of Manhattan’s most prestigious buildings. Space is at a premium in the city that never sleeps, but you’d never know from inside Kraus’ sprawling suite which boasts a library, wine cellar, staff room and Creston and Sonos audio system.
The highlight of Kraus’ New York residence comes before you even get inside in the form of this impressive terrace overlooking the city. Why push your way through the crowds when you can take in the view from your own private terrace?
Kraus can whip himself up a famous New York breakfast at his walnut kitchen island using the top-of-the-range appliances and ingredients from his butler’s pantry, before settling down with a copy of the Times and admiring the view from the expansive windows.
And just one of his suite of rooms is this impressive panelled library with floor to ceiling windows, a real working fireplace and a grand-looking desk with even grander views – not a bad place to trade from. And when the trading day is over, there’s a separate formal living room to retire to.
John Paulson’s Collection of Properties
Billionaire hedge fund manager John Alfred Paulson, head of New York investment management firm Paulson & Co. has famously stated that a house is the best investment money can buy. Which might explain why he doesn’t have just one impressive property to his name but a suite of houses and apartments scattered across the US.
First up are his Manhattan homes: a downtown pad in the form of a 28,500-square-foot townhouse on the Upper East Side, and an apartment in Olympic Tower, Fifth Avenue that he bought for $2.9 million.
Paulson has also lived in a stunning seven-bedroom Colorado ranch which he sold in 2013 for $29.9 million, a 22 per cent markup from the $24.5 million he paid for it. Not a bad profit. He sold the property to move into the 56,000-square-foot estate he bought from Saudi Prince Bandar bin Sultan for an eye-watering $49 million.
And just in case he hadn’t racked up enough square feet already, Paulson also invested in a Hamptons estate on Long Island that boasts two swimming pools, two guest houses and cost a cool $41.3 million. Get a sneak peek in the video below (via WSJ):