What is Ira Rennert house worth?

And the property itself is massive, covering 63 acres of prime Hamptons beachfront. It’s also one of the most valuable. The home is worth $248 million, according to the Fiscal Times, and would be listed for about $500 million today, one real estate broker told Crain’s.

Who owns the Fairfield estate?

Ira Rennert
Main house has a floor area of approximately 64,000 sq ft (5,900 m2) and total floor area is 110,000 sq ft. The mansion is valued somewhere between $267 to $500 million for tax assessment purposes. It is owned by Ira Rennert.

How did Ira Rennert make his money?

A Brooklyn native and former credit analyst, he began building his fortune by investing in junk bonds in the 1980s. In 2015 a court ruled that Rennert was liable for improperly diverting money from his business to pay for a lavish home in Southampton, New York.

How big is Ira Rennert’s house in Southampton?

At 110,000 square feet (63 acres) the site for his new home ‘Fair Field’ generated some controversy as residents of the nearby town of Southampton complained about the project’s impact on their town. Rennert carried on building anyway and moved into his new home in 2004.

Who is the owner of Sagaponack New York?

Ira L. Rennert, the owner of the Sagaponack property, was hardly known outside his own private circles until news of his building plans hit the East End earlier last year like a hurricane. He is the President of a privately-held Manhattan-based holding company called Renco that among other assets owns a steel plant and a magnesium plant.

How much did Ira Rennert pay for fair field?

In February 2018 Rennert was ordered to pay at least US$118 million in damages. lt seems then that the sheer level of luxury available in Fair Field is matched only by the controversy behind its creation. We’re here to walk you through this giant limestone, Italian renaissance home, and its surrounding estate.

How many cars are in Ira Rennert’s garage?

Rennert’s garage for the estate can hold up to 100 cars. Try to spot the tire swing in this photo. When Rennets first announced the construction of his estate in the ’90s, neighbors said they found the plan “audacious” according to New York Magazine and fought the plans “tooth and nail.”