The Pulse is down today on news that even the 1 percent are downsizing.
This morning the Wall Street Journal reported former Citigroup CEO Sandy Weill just unloaded his Central Park penthouse to a Russian billionaire who bought it for his 22-year-old daughter. The price tag: a Manhattan record $88 million. Weill and his wife might be considering a simpler life on their $31 million 362-acre vineyard in Sonoma, Calif.
Good call. No need to flash the cash when times are tough.
But he can’t seem to give away his 200-foot elevator-equipped mega-yacht “April Fool,” which is currently a bargain at just under $70 million.
Apparently, even with some important economic indicators pointing toward daylight here in the U.S. — important unemployment numbers today were the lowest since 2008 — the uncertain state of the world economy even has .01 percent tightening their alligator Gucci belts.
“Guess we’ll just have to vacation on our 150-foot yachts this year,” the unfathomably rich shrug.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
