College Student Buys a Multi-Million Dollar Luxury Penthouse for $88 Million Dollars

Former Citigroup CEO Sanford "Sandy" Weill sold–for the full asking price– his opulent New York City penthouse  with a glass shattering $88,000,000 price tag to a young college student. Sandy promises to donate the proceeds to unspecified philanthropic causes. 

The first reports out of the New York Observer on Sunday pinned the penthouse purchased atop limestone sheathed 15 Central Park West to a Russian chemist turned multi-billionaire potash potentate Dmitry Rybolovlev. Dmitry sold his fertilizer last year for around $6,500,000,000 and is said to be worth somewhere in the neighborhood of 9.5 billion bucks.

The folks at Forbes quickly followed up with an important (and flabbergasting) clarification: The Sandy Weill spread, 6,744 square feet of immaculate interior space with a wide terrace that wraps around three sides of the apartment with drop dead park and city views, was not actually purchased by Mister Rybolovlev but rather his 22-year old second daughter, Ekaterina Rybolovleva. Ekaternia is a horse-minded U.S. college student and also competitive equestrian.

Forbes actually received a statement from young Miss Rybolovleva's representative(s) who revealed the barely legal heiress "plans to stay in the apartment when visiting New York." 


What?  "When visiting New York."


This college student just dropped a record breaking $88,000,000 on a second home.


Didn't another kid record the 2nd largest real estate purchase in the U.S.? Yep, that is right. The Candy Spelling mansion in California was purchased by a 22-year old London-based Formula One racing heiress, Petra Ecclestone. 


What is the deal with these kids paying so much for 2nd homes?


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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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