Page 107 - Forbes Magazine-October 31, 2018
P. 107

LeaderBoard

            BIG PURCHASES


        BUYERS’ MARKET


        WHICH EYE-WATERINGLY expensive doodads did members of The Forbes
        400 stick in their gilded shopping bags over the past year? Pro sports teams,
        swank crash pads, historic books, big-city broadsheets and adorably fuzzy hoofed    ERIC LEFKOFSKY
        mammals, among much else. Here’s a sampling.                  COFOUNDER, GROUPON
                                                                      $31 MILLION (REPORTED)
                                                                      BAUBLE: Penthouse at the Four Seasons Residences
                                                                      at the Surf Club in Miami. Sounds extravagant,
                                                                      maybe, but the place did come furnished.
                                                                       MARC BENIOFF
                                                                       FOUNDER AND CEO,
                                                                       SALESFORCE
                                                                       $190 MILLION
                                                                       BAUBLE: Time. Nearly $200
                                                                       million marks a bit of a
                                                                       market rebound for print
        JEFFREY HILDEBRAND                                             publications since News-
        FOUNDER, HILCORP ENERGY                                        week sold for $1 (plus $10
        $300,000                                                       million of debt) in 2010.
        BAUBLE: A “Grand Champion Lamb” at the Houston Livestock Show and Rodeo,
        for a record price. Much of that will go toward scholarships (and, ultimately, one
        hopes, sheepskins) for the show’s young exhibitors.

                                                LEN BLAVATNIK
                                                INVESTOR
                                                $90 MILLION
                                                (REPORTED)
                                                BAUBLE: 19 East 64th
                                                Street, a five-story
                                                powerhouse town house
                                                on Manhattan’s Upper
                                                East Side. It had sold
                                                for $79.5 million just
                                                ten months earlier.
                                                                       JAMES IRSAY
                                                                       OWNER, NFL’S INDIANAPOLIS COLTS
                                                                       $2.4 MILLION
                                                                       BAUBLE: The original 1939 “Big Book” manuscript
                                                                       of Alcoholics Anonymous, with handwritten
                                                                       notes throughout from AA cofounder Bill
                                                                       Wilson. (Irsay is a recovering alcoholic.)










                                                                       PATRICK SOON-SHIONG                    GRANT HALVERSON/GETTY IMAGES; BRIAN ZAK/NY POST/NEWSCOM; CHAMPIONLAMBBUYERS
        DAVID TEPPER                                                   BIOTECH
        FOUNDER, APPALOOSA MANAGEMENT                                  $500 MILLION
        $2.3 BILLION                                                   BAUBLE: No fake news here. Dr. Billionaire became
        BAUBLE: The NFL’s Carolina Panthers, a record sum for a sports franchise. The    an ink-stained wretch with his pickups of the    BY ANGEL AU-YEUNG
        purchase included a statue of the previous owner, Jerry Richardson, which as a   Los Angeles Times, San Diego Union-Tribune
        condition of the sale must remain standing outside the team’s stadium in Charlotte.   and a handful of California community papers.

        36     |     FORBES     OCTOBER 31, 2018
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