Andrew J. Hall, the former Citigroup Inc. oil trader whose pay package of about $100 million ensnared him in the fight over compensation at bailed- out banks in 2009, is selling handmade lavender soap and grass- fed Angus beef from a farm in Reading, Vermont.
Hedge-fund manager Philip Falcone, beset by declining assets, federal securities regulators and the bankruptcy of his largest investment, is borrowing money against personal real estate he bought during better days.
Roustam Tariko, billionaire owner of Russian Standard Bank and Russian Standard Vodka, completed the most expensive home purchase in Miami Beach since 2006 when he bought a $25.5 million estate on Star Island in April.
Jeff Paster, a developer of luxury homes in California’s Marin County, couldn’t find a buyer for the brand-new waterfront mansion he listed in January for $45 million. He’s expecting that one will turn up at an auction this weekend, with a starting bid set at $25 million.
Phil Falcone, founder of Harbinger Capital Partners, has made and lost billions with bets on mortgages and iron mines. Now, in a bid to build a new broadband network, he’s blasting investors money into space.