A 22-year-old Russian heiress has reportedly bought financier Sanford Weill’s Manhattan penthouse for the full asking price of $88,000,000!! This makes it the most expensive residential real estate deal in New York City history. The lavish 6,744 square foot apartment, located at 15 Central Park West, was purchased by Sanford and his wife for around $43.7 million back in 2007. They then put it on the market less than 2 months ago. The Russian heiress, Ekaterina Rybolovlev, is the daughter of billionaire Dmitry Rybolovlev; who is worth an estimated $9.5 billion. Ekaterina will stay in the apartment while she studies at a university.

What’s with these really young heiresses buying outlandishly expensive properties?! If you weren’t already aware, 22-year-old Petra Eccelstone, another billionaire heiress, purchased Candy Spelling’s California mega mansion for a whopping $85 million not too long ago.

Also, Ekaterina’s father Dimitry was the buyer of Donald Trump’s Maison L’Amitie estate in Palm Beach, FL. He bought it for a jaw-dropping $95 million back in 2008.

CLICK HERE FOR THE ARTICLE

HOMES OF THE RICH POPULAR TOPICS
  • Chance

    It’s an awesome apartment, but I can’t believe it got the asking price. I was thinking it would sell for about $25 million less.

    Just an FYI, Petra Ecclestone isn’t Russian. She was born and raised in London.




    0



    0
    • Venom

      Yeah, she is not even remotely Russian.




      0



      0
    • Kenny Forder

      Sorry, I wasn’t even thinking! -_- haha




      0



      0
      • Omar

        To be fair, Kenny never stated that Petra Ecclestone is Russian.




        0



        0
        • Kenny Forder

          I did, but I fixed it after they corrected me. lol




          0



          0
  • Marie

    Glad the money spent for this is going to charity according to Mr. Weill.




    0



    0
  • Sam

    Why would anyone want to buy it for the asking price? Even if you had billions of dollars to waste you would still be slightly cautious with your money… To think the couple of million pounds she would have saved if she had bargained could have gone towards so many other things…
    It is a lovely penthouse, and I’m kinda glad she’s only staying there while she study’s, I cant imagine all the “student” goings on that will take place in that penthouse… All I can say is if she can spend that much at 22, I sure would love to be her friend…




    0



    0
    • Geoffrey

      I’d say some deal was arranged that the payment to charity was split – meant she gets an excellent apartment and a fantastic tax deduction while she’s at it… then again… i don’t understand american tax law.




      0



      0
  • Barney

    SSSSSSSSSSSIGHHHHHHHHHHHHHHH…………..Hey everyone…..been away and quite busy with my photography business 🙂

    I can’t help but feel utter & complete despair for the entire financial state of WHOLE WORLD after reading this. NO ONE can tell me that all those Russian billionaires made even ONE QUARTER of their giga-fortunes honestly. Roman Abramovich and his cutting-edge, omnipresent military grade security systems and all his incomprehensible expenditures & possessions?? The fact that ANY person on earth has THAT MUCH money fills me with despair for the poorest of the poor and those INCREASINGLY HUGE NUMBERS of people directly on their way there. And NO ONE can tell me that whomever this latest Oligarch Rybolovlev is gives significantly to charity. I repeat…..NO ONE should be able to charge or much worse yet, get EIGHTY-EIGHTY MILLION DOLLARS for an apartment. Mind-bogglingly-BAD doesn’t even begin to scratch the surface of the (Mt. Everest-sized) mountain here.




    0



    0
  • Daniel

    Well I applaud her and her father’s money. Good for her! If I was in a similar situation I would be doing much worse (well, better in my greedy eyes). We should be thanking them for SPENDING that kind of dough. Spend, spend, spend. Money is no good if you don’t spend it. Gorgeous apartment, by the way.




    0



    0
    • Omar

      Hopefully that money comes from honest and ethical means.




      0



      0
      • Daniel

        Highly unlikely, but it is what it is. Some people can sleep at night by being dishonest (understatement, I know), but I have more sympathy for those that spend it on famazing palaces like this.




        0



        0
    • Venom

      I am a little disturbed that you are so elated that a murderer and a man who stole his country’s resources along with a select few others bought an almost $100 million apartment for his 22 year old daughter. Why should we be thanking them, it is not like they actually made a significant contribution to the economy, they did not build a new place, they bought an existing one.The only contribution they made was to Sandy Weill’s pockets.

      These Russians are just godless, vulgar creatures with no respect for money and anyone else and I have no respect for them.

      What is so gorgeous about the place anyway, it is a box with walls, some marble granite and wood. Are views of buildings, trees and a park and a bazillion people walking around really worth almost $100 million?

      Regardless, he most likely bought this to hide assets from his wife who is divorcing him anyway so whatever.




      0



      0
  • Grrrowler

    It’s a gorgeous apartment, but the price is still outrageous. I can’t help but wonder if what was paid is as much about showing the world how much money the Rybolovlev family has as anything. It reminds me of when Prokhorov tried to buy La Leopolda for an amount that had absolutely nothing to do with reality. Or when Abromovich paid way more for Pelorus than it was worth. It sends a clear message that they can buy anything they want and that money pretty much has no value to them.




    0



    0
    • Daniel

      Don’t forget the $300 million or so for the Candy and Candy Monaco penthouse. Stunning!




      0



      0
      • Grrrowler

        Another excellent example, that I’d forgotten about. That buyer was middle eastern if I remember, and it’s the same thing. The penthouse was truly amazing, but part of the purchase price just had to be the ego boost that comes from saying you spent $300 and some odd million on an apartment.




        0



        0
    • weisser

      Based on the dubious reputation Safra and Russian buyers I guess that the amount of the transaction was a fake.
      I don’t believe these prices. Prokhorov is probably the thief, but he is not an idiot. Most likely, we see only the tip of the iceberg. I think a lot of deals are ostentatious character.




      0



      0
      • DR.VEGAS

        Agreed. Additionally ya’ gotta know that the “NYC Broker Mafia” is probably over the moon at being able to point to this aberration & proclaim: “See…everything is fine at the high end!!!”




        0



        0
  • Doug

    Based on the fact that the property sold at asking price so quickly I wouldn’t be surprised if mr. Rybolovev/ or his daughter made an offer on the apartment before it was on the open market and after receiving a high offer mr. Weil decided to list it on hopes of another equal or better offer? And upon not receiving one agreed to sell to ekaterina.




    0



    0
    • NOVA Ben

      Maybe a few years ago, but in this market?

      If they made a previous offer, I feel like the answer would have been either “It’s not for sale” or “Hell yes you have yourself a deal!!”




      0



      0
  • Brijbhushan Bhattadri

    Frankly, I’m happy that money is coming into high end US real estate. This money is going to Americans who will pay US taxes on it and spend what is not invested out of the sale proceeds over here. Heaven knows that we need a boost to our economy! And, if some modern strong-arm type wants to pamper his little princess and spend several million here, bring it on! The girl might get bored with the place and if she decides to sell it after she graduates, hopefully, it will be to someone else from Russia or wherever who pays even more money for the privilege of being talked about over here. 🙂 Can[‘t feel bad about a trickle down effect from foreigners buying expensive property and sending money into our economy!




    0



    0
    • NOVA Ben

      I agree 100% with your sentiment, but the pessimist in me can’t help but feel that one over-the-moon sale isn’t going to have much of an effect on the overall state of the real estate market and/or economy. If this set off some kind of trend or were part of a more general pattern, then it would certainly be great, but one sale (even an $88 million sale) doesn’t really represent progress.




      0



      0
      • Brijbhushan Bhattadri

        Ben,

        Just hoping here that this becomes a trend. This is still a great country to live in and Europe (and Russia in particular) seem to be going through turmoil at the moment. If someone with billions wants to find a home in a peaceful country, then the USA is where to head. Our “disturbances” involve people camping out on Wall Street when the weather is decent. In other parts of the world, this means molotov cocktails and riots. My guess is that the world’s billionaires will understand which place is safer for their children and buy more homes, kick-starting our high end home markets again. Or, at least, that is my hope. 🙂




        0



        0
  • cape code’

    Forget sex tapes all you need now if your a fame hungry 22 year old daughter of a European billionaire is buying a outrageously expensive super prime real estate to gain fame thats what i thinnk she bought this place is because she saw petra get all that attention from buying (getting mommy to buy) spelling mansion. She shoulda bought fluer de lys but russians never were that bright.




    0



    0