Richard Fuld's Home

USA / New York / Armonk / North Street, 771
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Built in 1991 in the midst of Fairfield Town Park for just over $7 million, this 12 room home plus guesthouse on 12 acres features a pool, tennis court and parking for many luxury automobiles. Assessed at over $8 million, the home is likely worth much more than that at current market rates. Home of former Lehman Brothers CEO, Richard Fuld. Fuld was the final chief executive of the 158 year old financial bellwether firm Lehman Brothers when it collapsed and went bankrupt in 2008 and was forced to file for chapter 11 protection. Fuld earned about $69.5 million in 2007, the year before Lehman Brothers filed for bankruptcy in Sept. 2008. From 2000 to 2007, he was awarded about $889.5 million and cashed out about $529 million of that before the company went bankrupt.

Fuld also owns a 40+ acre ranch among some 15 parcels of land in and around Sun Valley totaling 76 acres, assessed at nearly $23.28 million, as well as a mansion in Florida. He was forced to sell his extensively renovated 6,000-square-foot Manhattan apartment at 640 Park Ave. in 2008 for nearly $26 million to cover his legal and other expenses incurred in Lehman's failing, yet he still retains ownership of many other real estate holdings.
Wikipedia article: http://en.wikipedia.org/wiki/Richard_S._Fuld,_Jr.
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Coordinates:   41°6'32"N   73°37'58"W

Comments

  • Oh, so we need to egg this guy's house, right???
This article was last modified 12 years ago