When a Porsche minivan doesn’t exist, billionaire Mark Zuckerberg makes one himself, with the help of West Coast Customs FOR HIS WIFE PEDIATRICIAN Dr. Priscilla Chan.
A Personal Touch to Porsche
In social media posts, Zuckerberg proudly shared his creation, revealing how he personally designed the vehicle. The customized SUV features a stretched wheelbase, lower ride height, and a larger rear spoiler. Additionally, the car sports black alloy wheels paired with yellow brake calipers, giving it a sleek, aggressive stance. This minivan, which still carries the DNA of a high-performance vehicle, adds a dash of Silicon Valley flair to the family’s collection.
The Porsche That Became a Minivan
Zuckerberg’s project began with the Porsche Cayenne Turbo GT, a model already known for its performance and luxury. Fitted with a twin-turbo 4.0-liter V8 engine producing up to 650 horsepower in updated form, the base model is an impressive machine. However, the tech mogul wasn’t content with the stock design. He wanted something more practical, particularly for family use. Thus, the Cayenne was stretched, and sliding doors were installed, giving it the feel of a minivan with the heart of a performance SUV.
Porsche’s Minivan Vision
Interestingly, Porsche itself once entertained the idea of a minivan with its Vision Renndienst concept, designed in 2018. The Renndienst, however, never went beyond the prototype stage. The Renndienst model had a futuristic design with six seats, placing the driver in a central position.
Although Zuckerberg’s minivan doesn’t replicate this setup, it opens up the possibility of what Porsche could achieve if they embraced the concept for production.
A Luxury Minivan Market?
While the luxury SUV market is saturated, the minivan sector, especially in regions like Asia, has seen growing demand for high-end models. Zuckerberg’s bespoke Cayenne reflects that trend, though it is unclear if the customization was purely aesthetic or if performance upgrades were made as well. With the ongoing development of a three-row electric SUV from Porsche set to release by 2027, one can’t help but wonder if the tech billionaire’s vision might influence the automaker’s future designs. For the Silo, Verdad Gallardo.
New York City is home to over 70 of the world’s billionaires, but when they want to get away to decompress, many shed their suit and tie for a guayabera, white slacks and boat shoes and head to South Florida for the white sand beaches, fine dining, yachting and golfing. Some have been heading to Sunny Isles, Florida where, according to the developer, over 20 billionaires have purchased a home at Porsche Design Tower.
What a space! What a view!
New owners at the Porsche building were the first in North America to be able to take their cars up an elevator to their personal sky garage, including the $USD 32.5 million penthouse. Three patented Dezervators, a glass drive-in elevator rising at 600-feet per minute, will enable residents to keep an eye on their Ferraris, Porsches and Rolls Royces while sitting in their living rooms reading the Wall Street Journal and checking out the Atlantic Ocean views.
The 60th-floor Porsche penthouse comes with a huge living and dining area, state-of-the-art kitchen, family room and four ensuite bedrooms with a total of seven baths, floor-to-ceiling glass walls, 20-foot ceilings and a private people elevator. The outdoor living areas are equally impressive with a private terrace pool and roof pool, two balconies and two summer kitchens. It has two sky garages and a separate 3,000-square-foot car gallery. The gallery can be customized by the owner for fewer cars to substitute a game room or extra living space.
Building amenities include a three-story lobby with glass car elevator observatory, movie theater, game room, oceanside restaurant with indoor/outdoor dining, private wine lockers, oceanside bar and lounge with fireplace and large-screen TVs, oceanfront pool with food and beverage service, Intracoastal Waterway sunset deck, virtual golf simulator, virtual car-race game, ballroom with bar and catering kitchen, oceanfront gym and yoga room, spa, sauna, steam rooms, hair salon and a car concierge available to give the luxury cars a wash and maintenance.
Having broken ground in 2014, the tower is now sold out.
The penthouse is priced at $32.5 million; other units when remaining were listed for sale starting at $6.2 million. Porsche is located in Sunny Isles – a ritzy part of the Atlantic Ocean stretch of Miami Beach to Fort Lauderdale condos. The developer is Dezer Development in Sunny Isles Beach, Florida.
In Other Real Estate News- “San Francisco Clock Tower Penthouse”. Few can say that they start off their dinner parties with cocktails inside a century old clock. That is to say, no one except the new owners of this historic three-level landmark loft apartment gleaned from the clock tower of a factory in San Francisco’s South of Market neighborhood that was converted into live-work spaces in 1992 by architect David Baker.
The historic clock tower was constructed in 1907 and the large building complex that supported it became the West Coast’s largest printing company by 1921. The owner of the business, Max Schmidt, decided to construct a penthouse level in the clock tower where natural light poured in from all four sides of the clock faces so that his lithographers would find it easier to work. In 1930, the plan for the new Bay Bridge was solidified, which would require tearing down a portion of the printing buildings, including the clock tower. Schmidt would have none of that and used his clout, threatening to move his business to the other side of the bay. The city, unwilling to lose one of their largest businesses, gave in and agreed to take the highway around Schmidt’s complex and the tower was saved. In 1992, the old factory was repurposed into 127 contemporary live/work lofts and offices. Commuters have come to depend on the clock as they travel to and from work each day.
Now for the first time in almost a quarter of a century, the penthouse is for sale. The sleek contemporary condo with spectacular city views measures in at a spacious 3,000 square feet of living space, including a room inside the clock itself and has large wrap-around terraces providing outdoor space for lounging and entertaining. The two-bedroom, two-bath residence has been designed to optimize the loft’s spaciousness with an expansive living-dining room divided by a double-sided glass fireplace with French doors opening to the terrace. Original brick walls, hardwood and polished concrete floors and built-in bookcases following the lines of the beams are highlights of the structure. Included are a gourmet kitchen with top-end appliances and space for a table, office, game room, library, large master suite and the clock room.
San Francisco’s historic registered Landmark Clock Tower four-story penthouse loft apartment with conversation piece furnished room inside the clock is listed at $8.5 million.
Visit TopTenRealEstateDeals.com for more celebrity homes and real estate news. For the Silo, Terry Walsh.
Like millions of others, each June you may find yourself struggling to find that perfect Fathers Day gift for the important “dads” in your life, whether that be your own father, husband, boyfriend, brother or other deserving and meaningful man. While most gracious gift recipients will dutifully smile and nod no matter how underwhelming the product pick, the reality is that it’s the gesture of giving, itself—the recognition of a job being well done—that’s what’s important. That said, there are certainly a myriad of gift ideas that’ll evoke genuine joy. Here are a few that I like this season.
Help Dad become a masterful home mixologist with a Father’s Day gift from Shaker & Spoon! The company offers a monthly subscription service that delivers the craft cocktail experience right to your home: think Blue Apron for cocktails! Each month Dad will receive a box via Priority Mail containing three brand new, original recipes created by world-class bartenders, and enough ingredients like syrups, bitters, mixers and even garnishes for 12 cocktails (4 from each recipe). All he’ll have to do is supply his favorite spirit to mix in. As well, an email is sent before each box arrives with suggestions for a libation that’ll work well with the recipes as well as bar tools he should have on hand. When each box arrives via priority mail, Dad will have everything he needs to take his cocktail game to the next level. He’ll surely be the life of the party.
Speaking of tasty libations, Dads with a passion for well-made spirits and cocktails will certainly appreciate a bottle of Rebel Yell Bourbon. It’ll add a smooth kick of flavor and a warm, cozy finish to your favorite mixed drinks. One recipe great for Father’s Day is “Mike’s Rebel Yell Boozy Bourbon and Bacon Shake.” Chef Mike Johnson, owner of the award-winning Sugarfire Smokehouse in St. Louis, curated this special boozy shake that’s sure to leave Dad’s mouth watering for more. All you need to do to create this delicious shake is blend Rebel Yell Bourbon, ice cream, caramel drizzle and crumbled bacon. Garnish with whipped cream, more caramel drizzle, and a slice of peppered bacon. Then, watch the smiles ensue.
Bring a unique and decidedly gorgeous touch to your kitchen with artisan drinkware from Uno Alla Volta (which means “one at a time”). Entertain your guests in superb style with the handcrafted drinkware items they offer, like hand-painted wine glasses and hand-thrown mugs fashioned by the hearts and hands of skilled artisans. Because each item is individually created by hand, no two will ever be exactly alike. The line of Sealife Wine Glasses of Verona is a show-stopper. Available in various designs like a seahorse, red fish, mermaid, dolphin and turtle, this glassware is handmade in a third-generation workshop in Verona, Italy where ordinary glass is transformed into stunning works of art. Each large format wine glass measures 8.5 inches high and holds 20 ounces, and is certain to add whimsical beach-chic style and an artful element to your wine bar. For hot beverages, the company’s hand-thrown stoneware Nautical Mermaid Mug is another gorgeous ocean-oriented option, and the masculine Mustache Mug is certainly a great fit for Father’s Day. Artisan JoAnn hand-throws each stoneware mug on a wheel, adds hand-cut details and a handle, and then fires, glazes and fires each one again—all from within her Pocono Mountains studio.
photo: Urban Mattress
Urban Mattress – The Perfect Loft Pillow – $70 usd
There might be no more valuable Father’s Day gift than a good night’s sleep, which you can help facilitate for Dad with The Perfect Loft Pillow from Urban Mattress. This impeccable pillow isn’t too hard or too soft thanks to a combination of Tencel —a natural fiber made from the pulp of the eucalyptus tree—and recycled polyester. Together these create an airy and light-feeling pillow, and then the addition of shredded natural latex adds just the right amount of support. The result is a pillow with the perfect amount of loft. What’s more, it’s customizable as the zippered Tencel cover lets users adjust the amount of filling to their individual preferences.
photo: Ozone
Ozone Socks – Starting at $9.50 usd
Ozone designer socks most certainly aren’t your typical Father’s Day sock gifts, as this brand effectively merges fashion and fun. The sock styles from this company are suited for every occasion, and the line includes fashion socks, club socks, novelty socks and even silly socks. This company is passionate about its products, never sacrificing on quality. Their eclectic styles have been seen in some of the industry’s leading fashion magazines over the past decade, helping set benchmarks for what’s cool and hip in footwear. With fresh and innovative concepts, the list of Ozone offerings is impressive and includes shoe socks, safe sox, hemp socks, radionic socks, tattoo socks, motorcycle socks, the replacement sock, and more.
photo: Cherry Americas
Cherry MX Silent Keyboard – $149.99 usd
When you’re wracking your brain for a Father’s Day gift for the guy who seemingly has it all, here’s a thoughtful and practical tech gift idea he’s sure to appreciate. Cherry, the specialist for computer input devices, recently unveiled their MX Board Silent Keyboard—a model based on their notoriously reliable G80-3000 mechanical keyboard design. Cherry combines this tried-and-true bestselling product with its new MX Silent switches to create a device that keeps keyboard noise—whether at home or in a hectic office space—to an absolute minimum. This new high-end keyboard is ideally suited for even volume-sensitive environments such as large open floor plan rooms or community offices, enabling silent keystrokes with Cherry’s patented noise reduction technology, but without sacrificing writing performance…or durability. In fact, Cherry guarantees a service life for this keyboard of over 50 million keystrokes. Functionality features include “N-Key Rollover,” allowing up to 14 keys to be pressed simultaneously without “ghost” keypress effect. Also, the MX Silent-switches have a uniquely shaped rubber pad compared to conventional switches. The MX Board Silent is offered in two versions MX Red or MX Black. Both exhibit linear switching characteristics but differ in the required release force: 45 centi-newtons for the MX Red Silent and for those who prefer a slightly higher resistance, 60 centi-newtons for the MX Black Silent.
For those ‘Boss Dads’ and other personal finance-minded fathers out there who are working tirelessly toward financial freedom, perhaps a new and fresh mindset will help them achieve those goals. Consider this CD series from self-made millionaire Wesley Virgin, which offers techniques intended to transform your mindset and install new beliefs so your goals and desires can be achieved faster. This includes what established millionaires and billionaires do on a monthly basis to “keep the money train moving in their favor,” resetting your relationship with money to that of a wealthy person (despite what’s currently in your bank account), eliminating “wealth destroyers,” the value of having a “millionaire mentor” in your life (and how to attract one), how to utilize body language to your favor, gaining the confidence and assurance needed to realize high-caliber success in a relatively short timeframe and how to push past your comfort zone to see and capitalize on new opportunities, among other tips and techniques. Since much in this video series promotes the power of positive thinking and taking control of one’s own destiny, in tandem with techniques taken from real millionaires and billionaires, with this gift idea Dad could very well listen, learn and laugh all the way to the bank.
For those food and entertaining-oriented dads who spend the majority of time at home in the kitchen undertaking epicurean exploits, here’s an apt assortment of tools to help ease and expedite those culinary endeavors.
photo: SharkNinja Operating LLC
Ninja Coffee Bar System – $199.00 usd
The Ninja Coffee Bar System will bring out the Barista in anyone. Far more than a coffee maker, this able appliance facilitates a coffee house experience in the comfort of your own kitchen. It comes complete with integrated frother, six brew sizes and five brew types, including the Ninja exclusive Café Forte that amplifies and enhances the natural subtle flavors of your favorite coffee. You can make a full carafe for visitors or different individual specialty drinks for yourself every day. The Ninja Coffee Bar System provides endless options for delicious, custom-crafted coffee beverages all without leaving home.
photo: Alumbre Coffee
Alumbre Coffee – $12.50 – $22.00 usd
Another great coffee find for connoisseurs—the bean itself—is from Alumbre Coffee—an exquisitely hand-crafted coffee line hailing from the legendary coffee fields of Costa Rica, Colombia, Sumatra and Ethiopia. Alumbre, named for the river that flows west facing the hills of the Tarrazu region of Costa Rica, is long revered as home to some of the finest coffee farms in the world. With hand-picked coffee beans from heritage growing regions, Alumbre roastmasters expertly coax the most alluring flavor notes to create five ultra-premium coffees. By wholly controlling the process from seed to cup to proffer a luxurious and authentically rich coffee experience, Alumbre Coffee stands apart from other brands. This new exclusive coffee can only be found on the Alumbre website.
photo: SharkNinja Operating LLC
Nutri Ninja Nutri Bowl DUO – $129.00 usd
Here’s a fab find for fitness-minded fathers. With one base and two interchangeable vessels, the 1200-watt Nutri Ninja Nutri Bowl DUO device easily switches from a powerful nutrient and vitamin extractor to a versatile nutrient fusion processor. The nutrient extraction feature unlocks existing hidden vitamins, minerals and other healthy components by blending whole fruits and vegetables, including portions that are normally discarded, and breaking them down to create an array of delicious, nutrient-rich juices and smoothies. The nutrient fusion function creates a blend from foods that contain nutrients like fruits, vegetables and other victuals, transforming diverse, fresh ingredients into flavorful meals, snacks and desserts.
photo: BELLA Housewares
BELLA 2.5L Air Fryer – $99.99 usd
Here’s a way Dad can enjoy “healthier” fried foods in the man cave, the tailgate or pretty much anywhere else, prepared with little to no oil and in a fraction of the time. Whatever you can deep fry, you can air fry with the BELLA 2.5 Air Fryer and save the fat and calories! It’s not just healthier, but also safer, like having a portable convection-type oven at your fingertips. This high-performance system heats food by circulating hot air around it, while the stainless-steel heating element allows for faster heat up (and recovery) resulting in quick and even cooking every time. It’s an efficient and easy-to-use deep fryer alternative, allowing you to indulge in all your favorite fried foods without cheating on your diet.
photo: BELLA Housewares
BELLA 6QT Pressure Cooker – $79.99 usd
Dad always pressed for time? Have a family dinner ready fast with this 6-quart electric pressure cooker also from BELLA. Life’s full of daily pressures and stress, so let this appliance take on the task of helping you prepare a quick and delicious meal for the family or for a get-together with friends. This versatile model comes with 10 pre-programmed functions including sauté, slow cook, stew and steam. It cooks up to 70% faster than conventional cooking and its removable non-stick cooking pot and accessories are dishwasher safe, so clean up is a breeze. Whether you’re whipping up a gourmet meal or looking for good old-fashioned comfort food, the BELLA 6QT Pressure Cooker can make dinnertime a no-brainer.
photo: SharkNinja Operating LLC
Shark Genius Hard Floor Cleaning System – $99.00 usd
Yes cleaning tools are a cool gift idea! Especially since cleaning kitchen and dining room floors in particular can be a huge hassle. These areas receive high traffic and often become messy even after a single cooking session. As so many people today have busy schedules, finding time to thoroughly clean the space can be futile and frustrating. Fortunately, the power of smarter cleaning can be at dad’s fingertips with the Shark Genius Hard Floor Cleaning System. An evolution in hard floor care, this system offers a flexible, tailored, all-in-one solution that delivers easy and convenient cleaning. Direct steam channeling distributes steam over the surface of the pocket, creating an ultra-wide cleaning zone for loosening dirt and grime. Steam blaster technology also targets annoyances like stains, stuck-on food, pet messes, grease and even scuff marks on command. And, since nobody likes changing a dirty, soaked pad during or after mopping, this touch-free technology ensures you’ll never have to. This is a great way to harness the power of steam to clean and sanitize your sealed hard floors with no harsh chemicals, and no residue to boot. It even removes up to 99.9% of common household bacteria.
As the Executive Editor and Producer of “The Luxe List,” Merilee Kern is an internationally-regarded consumer product trends expert and hospitality industry voice of authority–a travel, dining, leisure and lifestyle expert who spotlights noteworthy marketplace innovations, change makers, movers and shakers. She identifies and reports on exemplary travel destinations and experiences, extraordinary events and newsworthy products and services across all categories. Reach her online , on Twitter , on Facebook and on Instagram.
***Some or all of the accommodations(s), experience(s), item(s) and/or service(s) detailed above may have been provided or sponsored at no cost to accommodate this review, but all opinions expressed are entirely those of Merilee Kern and have not been influenced in any way.***
For the high end market, there are often many different brands of similar products and services vying for attention. What are some effective ways luxury consumers can stay abreast of the newest, highest quality products and services?
This can actually be the done the good ol’ fashioned way and that’s simply to read a lot. Everything that you can possibly be looking for, think you might be looking for or not even know you’re looking for is on the Internet. Every day when I wake up, I spend a good 30 minutes and go through literally everything while I’m drinking my coffee—from international news to gossip to anything I can find that’s different from what I read before. People are out there doing everything they can to appease the people.
You are a member of a network called, “The Billionaires Club.” What are some of the luxury brands you and your inner circle are paying attention to and what draws these brands apart?
I would say these days quite a few people have moved away from just so called “big purchases.” Everything is now more about personal touches. For instance, many people own a Rolex, Audemars Piguetor Hublot. More often than not, some of these are one out of however many but how many people really have something that’s one of kind? Not too many. The other point is that the watch may suit you but it doesn’t reflect your own personality, likes and dislikes. So what’s actually becoming quite popular is engraving one’s watches. I’ve seen some crazy designs that really add some character to a person’s wrist such as koi fish, skull heads and zodiac signs.
So back to the main question and one particular brand that has stood out is Golden Concept. Again, it’s all about personal touches these days and being unique. Golden Concept specializes in luxury cases for your phone. They have gold, snakeskin and gator cases just to name a few. All done to the highest of quality and many are customizable. So if you’re looking to stand out, make sure to check them out.
Another brand which has seen quite a bit of press and accolades is JetSmarter, one of the more successful private aviation companies. For many entrepreneurs, meetings take place in different cities, different continents and in different time zones. JetSmarter offers these services in an easy-to-maneuver application that makes flying private relatively affordable and easy.
World’s most expensive ‘whatever’: click me
What are the top three luxury items or brands that have captivated your own attention right now?
Right now there are three top brands that are top-of-mind for me right now. These are Emperada Cigar Humidor by Imperiali Geneve; Astonomia Tourbillion by Jacob & Co; and Bentley EXP 10 Speed 6 Concept car.
Not everyone can afford luxury brands. What would you suggest for those who have the desire to appear high end but not necessarily the means?
There’s actually been a lot of hype surrounding brands that cater specifically to people who enjoy the “finer things” but are limited by what’s in their wallet. Many bloggers, for instance, are always writing about the newest gadget, accessory or clothing. I would recommend finding a few that fit your style and follow them on Instagram to see what it is that they’re rocking on a day to day basis. Many people have to understand that your average blogger is there to inform the public on some of the newest fashion do’s and don’ts, and these are all done with new brands or affordable pre-existing brands.
Second, which I have seen quite a bit, is on Kickstarter or similar sites that are always offering “perks” for those who invest early in their brands. Without naming names, a few brands offered a discounted handmade Italian leather, skeleton movement watches for a fraction of the cost to the first “so many” number of investors.
Just keep in mind for everything high-end there is always a cheaper counterpart. Don’t worry just about name brand or high end. All that matters is that it looks good and makes you feel great.
For those who focus on products that are affordable luxury, who are some of the brands doing the best and what are the keys to success?
One of the biggest and most successful brands that I have seen that caters more towards the everyday luxury is Tory Burch. Although TB is for women, I have on many occasions bought it for family, friends and clients so I can safely say I have quite a bit of exposure to this brand and can thus speak with some confidence. Obviously, price point for TB is well within the means of many. Besides that, what is it that has led TB to such success? I would say three main factors: relate-ability, professionalism and seamlessness. Relate-ability in that walking through the concrete jungle that is New York, TB products have always caught my eye in their simplicity but also how stylish it is, whether on a working woman running into Starbucks or that beautiful lady going to brunch. Second, professionalism – although many brands always stress the attentiveness of the staff, it pales in comparison to TB. People have to understand that often times upper tier luxury items are for a certain group and employees are naturally prejudiced to people who they perceive not to be at that level. There have been times where I would walk into a Rolex store unattended for 15 minutes and the instant my AP peaks out from under my shirt, someone is there to help. This just doesn’t happen at TB and for that I am quite appreciative. Seamlessness in TB’s product, in that it offers just the right amount “je ne sais quoi.” Most of their products can be matched with a variety of other brands. This has all led to the tremendous success that TB has experienced over these past few years.
What are the top three factors that truly set an ultra-premium wine, champagne or spirit brand apart from less costly luxury beverage counterparts, wine and otherwise?
Marketing wine for the luxury market is a really tough job to do. Quite frankly it’s because you’re trying to appease a group of people who have seen it all. People always say when you do something for long enough, whether you want to or not you will become a bit of a connoisseur. That’s especially true for those in the wine industry. Most are well educated, well informed and have a true passion towards exploring the finer points of what’s in a wine bottle. If we were to say that all wines in the luxury market were of the same caliber, there would still be so many factors in play, the first being accessibility and quantity. Many luxury wines are such because there is a limited supply. You can’t expect a brand to sell at the same price point when there are only 10,000 bottles as compared to 100,000 bottles. However, although there are still 10,000 bottles that were produced, that doesn’t mean your everyday Joe would be able to get his hands on them even if he’s willing to dish out the necessary cash. Thus, there’s another added premium to an already sky high price.
Another example is time and care. For those who are only there to turn a quick profit, the longer time they spend on making a wine, the more money that needs to be invested. That in itself increases cost and decreases profit. This is why sometimes you have wineries that will actually keep the wine in their cellars for years after bottling to ensure that the wine has at least matured to a passable level. By care, I mean winemakers are very passionate about their craft and thus hate having their name associated with sub-par wine. Thus, you have some years where there is little to no wine produced by a certain grower because only a small amount of the grapes harvested passed the standard or none at all.
Never one to rest on his laurels and even amid a diversity of endeavors, Shu continues to raise the bar for himself professionally and personally. Whether it be as an active investor looking for the latest innovation in the luxury and tech space or, despite his jam-packed schedule, his current pursuit of an Ivy League Master’s degree at Columbia University. Clearly this good life connoisseur turned luxe market mogul will continue making an impact on the numerous high-end industries for many years to come. For the Silo, Merilee Kern. Merilee is an influential media voice and lauded communications strategist.
Donald Trump’s former Connecticut mansion that he bought at age 35 is for sale and featured this week at TopTenRealEstateDeals.com.
Donald Trump was born into the real estate business in 1946 in New York City where his father, Fred Trump, was a developer. Donald got a jump-start in the business while he was still in college in the 1960s working menial jobs at his father’s lower middle-class apartment complex in Cincinnati. In 1971, he moved back to New York City where he took over his father’s company changing the name to The Trump Organization and earned a reputation as a fast-rising real estate tycoon on hotel, condominium and casino projects. In 1986, he made a deal with New York City Mayor Ed Koch to renovate Central Park’s Wollman Rink. The ice skating rink was going on its seventh year of renovations when Trump volunteered to finish and finance the restoration with his own money. He completed the job in just three months.
With his business success and wealth, Trump owns a roster of mansions. His main home is a posh three-level penthouse at Trump Tower on New York’s Fifth Avenue where he also runs his vast business operations. Also in the Gotham area, in 1996 Trump purchased a 60-room mansion in Bedford, New York with three pools and a bowling alley. He later bought Albemarle, a 23,000-square-foot mansion, vineyard and winery on 2,000 acres in Virginia for $12.7 million, a fraction of the original asking price of $100 million. Trump also keeps a large home on Rodeo Drive in Beverly Hills.
One of the interior sitting rooms in Trump’s first mansion.
When he isn’t running for president, firing someone or saying something controversial, Trump relaxes at his Mar-A-Lago mansion in Palm Beach, Florida that he purchased in 1985 for $10 million. The 1920’s mansion with 62,000 square feet and over 100 rooms was originally built for Post Cereal heiress, Marjorie Merriweather Post. Trump upgraded it to a private resort with initiation fees of $100,000, annual dues of $12,000 and nightly rates up to $3,000. Mar-A-Lago guests have included Bill Clinton, Regis Philbin, Tony Bennett and Barbara Walters.
Trump was only 35 in 1982 when he and wife, Ivana, purchased their first mansion, a 5.8 acre home on a peninsula in Greenwich, Connecticut for $4 million. Always a family-oriented business, Ivana was also remodeling the Plaza Hotel in Manhattan in the early 1980s and was able to incorporate many of the same materials in the decoration of their new home creating a residence dripping in gold leaf, elegant chandeliers and crown moldings. When they divorced in 1991 after 15 years of marriage, Ivana won the mansion in the property settlement. She sold the Greenwich home for $15 million in 1998, and the mansion’s new owners immediately began a renovation to tone it down to more livable neutrals and added tennis courts as well as a 4,000-square-foot addition which includes guest suites, a lap pool and a sauna. It is currently for sale at $54 million.
Click to view on I-tunes
Originally built in 1939, the 19,773-square-foot Georgian Colonial-style main house and a guest house have eight bedrooms, thirteen baths, a three-story rotunda foyer with double grand staircase, formal rooms overlooking views of the pool, grounds and Long Island Sound, home theater, a putting green, multiple terraces and patios, tennis courts and three fully-equipped staff apartments.
Awaiting a new Greenwich billionaire resident, Donald Trump’s former Connecticut mansion with major additions, six waterfront acres and private boat dock. The listing agent is Tamar Lurie of Coldwell Banker in Greenwich, Connecticut.
Real estate is never boring at TopTenRealEstateDeals. Check out today’s most entertaining, important and unusual real estate news stories of the week. News such as “Obama Vacation Home For Sale,” “Bacall’s Dakota Apartment Sells At Big Profit” and “New York’s First Penthouse.”
“All of us could invest part of our ‘fortune,’ great or small, on something that gives back on a deeper human level, such as non-predatory loans to individuals from impoverished communities,” Tim McCarthy
North Americans are still choosing to hold onto their money these days, a lesson learned from the 2008-09 financial crash.
It’s good to have savings – but not to the point of hoarding, says entrepreneur and philanthropist Tim McCarthy, author of “Empty Abundance”.
Citizens in the United States of America are saving at a rate of 5.30 percent, well above the record low of 0.80 percent in 2005, according to the U.S. Bureau of Economic Analysis.
The world’s billionaires are holding an average of $600 million each in cash, which is more than the gross domestic product of Dominica, according to the new Billionaire Census from Wealth-X and UBS. That’s up from $60 million the previous year, signaling that the very wealthy are keeping their money on the sidelines and waiting for an optimal investment time.
McCarthy diverts all of his business profits annually to his foundation, The Business of Good, which invests in socially conscious businesses and scalable nonprofit concepts.
He reviews what everyone has to gain from mindful giving.
• Money buys you happiness – up to $75,000 worth. Life satisfaction rises with income, but everyday happiness – another measure of well-being – changes little once a person earns $75,000 per year, according to a 2010 Princeton study. Another widely published survey by psychologist Roy Baumeister suggested that “happiness, or immediate fulfillment, is largely irrelevant to meaningfulness.” In other words, so many who finally achieve financial excess are unfulfilled by the rewards that come with that.
• Remember the wealth disconnection to overall fulfillment. A Gallup survey conducted in 132 countries found that people in wealthy countries rate themselves higher in happiness than those in poor countries. However, 95 percent of those surveyed in poverty-stricken countries such as Ethiopia, Kyrgyzstan and Sierra Leone reported leading meaningful lives, while less than 60 percent reported the same in wealthier countries.
“While more investigation to wealth, happiness and well-being is certainly in order, I think it’s clear that while money is important, it cannot buy purpose, significance or overall satisfaction,” McCarthy says.
• Giving money reliably equals happy money. Two behavioral scientists, Elizabeth Dunn and Michael Norton, explore in their recent book, “Happy Money: The Science of Smarter Spending,” what makes people engage in “prosocial behavior” – including charitable contributions, buying gifts and volunteering time. According to Dunn and Norton, recent research on happiness indicates that the most satisfying way of using money is to invest in others.
In 2010, multi-billionaires Warren Buffet and Bill and Melinda Gates co-founded The Giving Pledge, a long-term charitable effort that asks the wealthiest among us to commit to giving more than half of their fortunes to philanthropy. Among the first to join, Michael R. Bloomberg wrote in his pledge letter: “If you want to do something for your children and show how much you love them, the single best thing – by far – is to support organizations that will create a better world for them and their children.” To date, 115 of our country’s 495 billionaires have pledged.
• Anhedonia, amnesia and the fallacy of consumption. Anhedonia is the inability to enjoy activities that are typically found pleasurable.
“After making my wealth, I found that I suffered from anhedonia,” McCarthy says. “Mindful giving – intelligent and conscious giving to those who need it – turned out to be my best therapy.”
Everybody has experienced the limits of consumption, the economic law of diminishing returns. One cookie is nice and so, too, is your first $1 million. But at some point, your ability to enjoy eating cookies or earning millions diminishes more with each successive one.
“Everyone learns this lesson, yet the horror is that so many of us succeed in forgetting it,” McCarthy says. “I think that, in every moment, we need to remind ourselves that continually reaching for the next ‘cookie’ is not in our best interest.”
About Tim McCarthy
Tim McCarthy’s first business, WorkPlace Media, eventually built a permissioned database of 700,000 gatekeepers who reach more than 70 million employees with incentives for clients such as Coca-Cola, Lenscrafters and McDonalds. He sold the company in 2007 and recently bought it back.
Building amenities include a three-story lobby with glass car elevator observatory, movie theater, game room, oceanside restaurant with indoor/outdoor dining, private wine lockers, oceanside bar and lounge with fireplace and large-screen TVs, oceanfront pool with food and beverage service, Intracoastal Waterway sunset deck, virtual golf simulator, virtual car-race game, ballroom with bar and catering kitchen, oceanfront gym and yoga room, spa, sauna, steam rooms, hair salon and a car concierge available to give the luxury cars a wash and maintenance.
Having broken ground in 2014, the tower is now sold out.
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