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$88M Penthouse Sells to 22-Year-Old Russian

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    NEWSLETTERS

    Just last month jaws dropped when the Wall Street Journal reported that the former chairman and CEO of Citigroup hoisted onto the market his elegant Manhattan penthouse for an astounding $88 million. Perhaps even more surprising was Weill's proclamation that he would donate proceeds of the sale to charity. 

    While some hedged bets that Weill's penthouse, which he picked up in August 2007 for $43.7 million, would linger on the market for an indefinite amount of time, behind the scenes the Rybolovlev family was busy making moves to buy the glamorous crib. Dmitry Rybolovlev, the patriarch of the Russian family and a man worth around $9.5 billion, has a colorful background that includes formal medical training, part ownership in the AS Monaco soccer team, and a stint in jail for murder (he was acquitted a year later for lack of evidence).
    While it makes sense that Rybolovlev would need a posh place to stay while in New York, Forbes suggests that it's Rybolovlev's daughter Ekaterina who is the real new owner of the full-floor penthouse. The 22-year old is reportedly studying at an undisclosed American university and plans to stay in the apartment when she visits New York. 
    Regardless of who bought the ridiculously swanky apartment, the sale goes down in New York City history as the most expensive residential real estate deal, ever. Business Insider breaks down the numbers and calculates that the buyer is paying $13,048 per square foot. Now, that's one happy holidays for the lucky charity that Weill chooses to receive the proceeds.