The Florida seaside mansion owned by the last CEO of Lehman Bro🅺thers Holdings before the 2008 market crash has🍌 found a buyer for a whopping $32.5 million.
Richard S. Fuld Jr., 75, first purchased the estate in 2004 for $13.75 million, later transferring it to his wife, Kathleen Fuld after the devastating financial crisis hit the Big Apple.
They initially li♔sted the home in March for $39.5 million, according to the .
The property is currently under con♚tract and the buyer is reportedly Mark Brodsky, founder of the hedge fund Aurelius Capital Management.
Located on Jupiter Island, the Spanish Colonial-style estate was designed by re💯nowned architect Alan Wanzenbe🔜rg.
Made up of five bedrooms in the main ൲house and three additional bedrooms in the guest house with 13 total baths, the 3.3-acre property has 265 feet of ocean frontage.
Other notable featu🎀res include a full gym with sauna and steam rooms, a caretaker apartment above a storage room/garage, a pool, Jacuzzi and a Har-Tru tennis court. The 14,971-square-foot abode also offers complete privacy in the secluded estate section of Jupiter Island.
Before filing for bankruptcy in 2008, Lehman was considered the fourth-largest inve🤪stment bank in the United States — behind Goldman Sachs, Morgan Stanley and Merrill Lynch/Bank of America — with about 25,000 employees worldwide.
Lehman’s Chapter 11 bankruptcy filing remains the 🅰largest in US history and is thought to have played a major role in the unfolding of t✅he financial crisis of 2007 and 2008.
