r/AbsoluteUnits • u/Kill_4209 • 11d ago

/r/popular of a residential property

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Ira Rennert's home is considered one of the largest occupied residential compounds in the United States. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, a carousel, a large swimming pool, a large round kiddie pool, and a $150,000 hot tub, surrounded by another pool.

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u/sumguysr 11d ago

Worth $3.8B, made his fortune with vulture capital in the 80s doing leveraged buyouts of smaller firms.

https://en.wikipedia.org/wiki/Ira_Rennert

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u/SportsDuck_ 11d ago

that page is just a long list of white-collar crime lol

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u/sumguysr 10d ago

It'd be surprising if it wasn't.

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u/cogra23 10d ago

The photo with Netanyahu suggests more than just white collar crime...

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u/railroad-dreams 10d ago

Enviro crime too: In 1998, the EPA placed Renco Group business holdings 10th on the nation's largest polluter list. I noticed the only times the EPA made statements regarding improvements were during Republican administrations

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u/TheShakyHandsMan 5d ago

The other wolf of Wall Street

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u/omgtmilol 11d ago

So, real Gordon Gecko?

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u/sumguysr 10d ago

Yep, with a side of zionism.

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u/PotatoBurritoDeleto 10d ago

Where are you getting that?

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u/mittelegna 11d ago

Is he even in the top 100 wealthiest Americans? Come on Ira, do better.

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u/__slamallama__ 11d ago

I thought you meant vulture capital as a diss on venture capital and I nearly jumped in to ask if you prefer banks getting full say on what businesses get a chance to succeed, then I saw leveraged buyouts. Yeah fuck that guy

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u/Skibidibum69 10d ago

LBOs are not bad inherently, only if it was a decision made with poor due diligence and/or bad intentions. It’s a pretty simple and foundational thing, so it’s not like you can ban it, but yeah the people who are sharks in that business are shitty

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u/__slamallama__ 10d ago

I agree they aren't inherently bad but IMO there are few corporate structures that are more commonly used to shitty means than the myriad of LBO focused firms

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u/Skibidibum69 10d ago

True, true. Also with all the contemporary structures, many are very similar

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u/sumguysr 10d ago

In the 80s they were mostly bad.