The $45 Million Club
The Post has spotted a new real estate trend: apparently quite a few people have paid more than $45 million for apartments and townhouses recently. This "new stratosphere" includes Harry Macklowe ($60mm), J. Christopher Flowers ($53mm), Phil Falcone ($49mm), Dan Loeb ($45.8mm), Jon Tisch ($48mm) and Len Blavatnik, who paid $50 million to acquire a 15,000-square-foot townhouse from "Seagram's president Edgar Bronfman Jr." Bronfman hasn't served as the president of Seagram for about a decade now. But let this slip-up serve as a lesson to us all! If you take over your father's immensely valuable liquor empire and then sell off the pieces to fund your misguided investments in the music and film industries—and lose billions of your family's money in the process—you may be forced to downsize.