Hedge funder Steven Schonfeld, a New York billionaire, is in contract to buy an oceanfront Palm Beach, Florida, estate for just under $200 million, say sources close to the deal. New York Post reports:
The home is about a half-mile south of President Donald Trump’s private club, Mar-a-Lago. Schonfeld already owns a $90 million mansion in Old Westbury, which has his own personal chef and a private nine-hole golf course.
The Palm Beach estate, which is on the ocean and the Intracoastal Waterway, is currently owned by philanthropist Sydell Miller, who co-founded Matrix Essentials, a hair and beauty line, with her late husband, Arnold.
Schonfeld, 60, was the 18th-highest-earning hedge fund manager this year, according to Forbes.