Sears Owner Softens Stressful Year By Buying $40 Million Dollar House …
Edward Lampert is buying a sprawling estate on a semi-private island. The billionaire hedge fund manager and chairman of Sears Holdings Corp. is reportedly set to close on a $40 million estate with seven bedrooms and Versailles-style reflection pools on Indian Creek Island, north of Miami.
Looks like he will have to take a helicopter to the next CARS Kmart Day as …“Four hours north, in New Smyrna Beach, Florida, the city’s only Kmart is preparing to close.”
You can read the rest of the story via The Huffington Post.
($40M and just 7 bedrooms?)
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7 March 2012
4 Comments
Way to go, Eddie. Nice place, hope you enjoy it and can sleep well at night. You have done well for yourself and deserve it for making such shrewd business decisions, contributing to the imminent collapse of not one, but two former institutions of US retail. Make sure to get flood insurance so the taxpayers can foot your bill for any hurricane damage.
Spending up that money before it is all dried up.
I wonder if there is enough to buy all the Finn….
He does promise, however, to keep half the lights off to save energy.