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Hedge Fund Tycoon Drops $72.5 Million On Two Luxury Properties In Two Months

What could possibly be cooler than investing in one incredible luxury property each year? In just two months, I bought TWO incredible luxury houses! Igor Tulchinsky, a hedge fund tycoon, just did that.

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What could possibly be cooler than investing in one incredible luxury property each year? In just two months, I bought TWO incredible luxury houses! Igor Tulchinsky, a hedge fund tycoon, just did that.

Igor invested $33 million on a New York City property two months ago. Igor decided he ALSO wanted to own a mansion in Palm Beach after being unsatisfied. So, naturally, he and his realtor, Ryan Serhant of “Million Dollar Listing” fame, hopped on a private plane. They took a plane from New York to Palm Beach, saw at a $39.5 million listing, told the Florida realtor they would accept it, and within a few hours, the man was returning to Manhattan.

When you are a billionaire, you can simply take such actions as spending $40 million on a home instead of the typical $20.

Igor’s seller was Jeffrey Jacobs, a member of the Cleveland real estate family that once owned the Cleveland Indians. Do you remember when the Indians played at Jacobs Field? Including “The Jake” The Jacobs family inspired the naming of that stadium.

Tulchinsky founded and serves as CEO of the investment company WorldQuant, which he founded in 2007 and currently manages more than $7 billion. Prior to that, he worked as a statistical arbitrage portfolio manager for 12 years at Millennium Management. Tulchinsky has also held positions as an author, scientist at AT&T Bell Labs, venture financier, and programmer for video games.

He holds a master’s degree in computer science from the University of Texas. He took just nine months to finish the degree. Additionally, he has an MBA in finance and entrepreneurship from the University of Pennsylvania’s Wharton School. He founded WorldQuant University, which offers a free online accredited master’s degree in quantitative finance.

In April, Tulchinsky, who is based in Connecticut, dropped $33 million on a three-bedroom apartment at 220 Central Park South, the most expensive condo tower in the U.S., on a street that’s commonly referred to as Billionaire’s Row. He paid the full asking price, which was 23% more than the seller paid a little more than a year earlier, and it was the first resale in the renowned tower.

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