At this rate, St. Barts won’t have any hedge funders left at all!
First Bruce Kovner listed his mansion on the island for $67 million, and now former billionaire hedge funder Philip Falcone has listed his grand estate in St. Barts for $57.4 million, reports the New York Post.
The property — called Grand Maison des Etoiles — comes with seven bedrooms, eight full bathrooms and three swimming pools (one of which has a glass pyramid in the middle that is the skylight for the underground fitness room). According to the listing, stone masons used the volcanic rock that was excavated from the property to build some of the walls on the property.
The estate comes with a two-bedroom guest villa with its own pool (naturally) and separate entrance, plus a main villa with four bedrooms. Each of the ensuite bedrooms in the main villa is named after a different fashion designer (i.e. the Hermes, Christian, Louis and Yves rooms). The Louis room has tiles on the floor that resemble the designer’s logo.
Falcone paid $39 million for the estate in 2008, and his wife Lisa Marie told the Post, “We’re selling it because our twin girls are now 12, and because of school and their activities we only get to come here a few weeks a year. Plus, it needs a lot of upkeep and people keep asking to borrow it.”
Falcone made billions betting on subprime mortgages with his firm Harbinger Capital Partners, but in 2012 the SEC charged him with misappropriating $113 million of his firm’s money to pay his debts. He remained on Forbes’ billionaire list until 2015, and he was not on this year’s list. [NYP]