American Billionaire Daniel Och Buys $95 Million New York Penthouse

This article was published on: 12/20/19 9:44 AM

Daniel Och

American billionaire Daniel Och has reportedly purchased the penthouse unit and smaller unit at 220 Central Park South, for $95 million.

Fox Business reports that the hedge fund manager, who is worth more than $3 billion according to Forbes Magazine, inked the deal recently.

Och, who recently relocated to Florida to save on taxes, reportedly plans to use the four-bedroom, 9,800-square feet home as a relaxation sport mostly on weekends or in short spurts. His new apartment’s comprises of amenities such as private dining rooms and an athletic club.

While Daniel Och’s new pad is one of the most expensive prices ever bought in New York, its exorbitant price is dwarfed by other more outrageous real estate purchases the Big Apple has recorded this year. Earlier this year, hedge fund billionaire Ken Griffin paid a record $238 million for a penthouse in the same 79-story condo tower. It is the most expensive real estate purchase in New York to date.

In August, Och put his previous apartment at 15 Central Park West on the market for $57 million. According to the Wall Street Journal, has owned the apartment for a little more than a decade. He bought the apartment in 2008 for just under $22 million. It features three bedrooms—including a master suite with a sizeable dressing room and Central Park views—a spacious living room, library, and a kitchen with high-end appliances.

More than 25 years ago, Daniel Och, 58, founded Och-Ziff Capital Management, now a publicly traded hedge fund firm. The firm, which was at the center of a corruption scandal in Africa in 2016, changed its name to Sculptor Capital Management in August. Och sits on the board of Endeavor. He is the vice chair of Robin Hood Foundation, a charitable organization fighting poverty in New York City. He has sat on the Board of Trustees of New York-Presbyterian Hospital since 2005.

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