What do billionaire Wall Street BSDs blow their ill-gotten gains on? VH-1 aims to tell you, if you don’t already know. Over the weekend we saw a promo for an upcoming VH-1 show: "The Fabulous Life: Billion Dollar Wall Street Ballers". It’ll air on Thursday at 11am EDT and again that night at 9PM EDT with additional reruns on the VH-1 schedule. According to VH-1’s teaser/promo, the show features ESL / Sears’ Eddie Lampert, and naturally SAC Capital’s Steve Cohen. It also mentions the millions raised by the Robin Hood Foundation, so we’d guess that Paul Tudor Jones is probably in there too. Surprisingly also featured are accused perv / billionaire Jeffrey Epstein as well as besieged-by-subprime-debt John Devaney (Maybe parting with his "Positive Carry" yacht might not be such a big deal after all — VH-1 says he has 10!).
Think stars are having all of the fun?
Think again. These days nobody’s making more and spending more than the
buttoned-down badasses of Wall Street. From their sprawling estates and
tricked-out private yachts to exotic vacation homes and multi-million dollar art
collections– these guys are living larger than anyone else on the planet.
Welcome to The Fabulous Life of Billion Dollar Wall Street Ballers.
Let’s talk salaries people. Hedge Fund King
Steven Cohen pulled in $1 billion in 2006. Financier Edward Lampert? He raked in
$1.5 billion. That’s right…in just one year. And you’d better believe these
guys know how to spend their hard earned money too…especially when it comes to
real estate. Billionaire investor Jeffrey Epstein? He lives in the absolute
largest dwelling in all of Manhattan, a 51,000-sq-ft palace on E. 71st street.
Eddie Lampert paid over $20 million for a magnificent waterfront property in
Greenwich, CT…only to tear it down and rebuild. But of all the Wall Street
spenders around, absolutely nobody can outdo Steven Cohen. He’s got a
32,000-sq-ft Greenwich home complete with massage, exercise and media rooms,
plus a full-size basketball court, tennis court, ice-skating rink and even a
700-square-foot house just for his Zamboni. Cohen has also spent over $700
million in just the past five years building one of the country’s greatest
private art collections, including works by Vincent van Gogh, Jackson Pollock
and Andy Warhol. But not every Wall Street heavyweight digs fine art. Florida
financier John Devaney? He spends his multi-millionaire dollar fortune on some
very expensive toys including a private Gulfstream jet and TEN yachts. And these
tycoons even turn charity into a massive spending spree too. In 2007, Wall
Streeters raised $71 million for the poverty-fighting Robin Hood Foundation in
just one night.
The Fabulous Life presents: billion dollar wall street ballers - VH-1.com
Tags: Art, Culture, Eddie Lampert, Jeffrey Epstein, John Devaney, SAC Capital
