Have the children seen the myriad of reports about how former Lehman Brothers CEO Dick Fuld, who reportedly earned close to $40,000,000 in both 2006 and 2007, sold his Jupiter Island, FL hideaway to his wife Kathy in November of 2007 for just $100? That’s right chickens, one hundred clams.
Well, we’ve read all those reports too and the whole thing just makes Your Mama want to puke.
Speculation by many is that the property ownership transfer was an effort by Mister Fuld to protect his ass-ets should irate shareholders and creditors who lost billions in the collapse of Lehman Brothers go after his considerable personal wealth with a furious flurry of lawsuits.
Their Jupiter Island hideaway, for which Mister and Missus Fuld jointly forked over $13,750,000 in March of 2004, isn’t the only ass-et the Fuld family is apparently looking to protect and/or liquidate. Just days (Days children! Days!) after Lehman Brothers filed for bankruptcy, the modern art collecting Missus Fuld was rumored to have put approximately $20,000,000 worth of artwork up for sale at Christies that included works by big shit abstract expressionists like Arshile Gorky, Willem de Kooning, Agnes Martin and Barnett Newman. Was the timing just coincidence? Could be. You decide.
Although the demise of Lehman Brothers sucked tens of billions of dollars out of the economy, property records show he and his wife Kathy still own several excruciatingly lavish and expensive to maintain properties including an 11+ acre spread in the hedge fund heaven that is Greenwich, CT (pictured above), a 6,200 square foot fixer upper on Manhattan’s posh Park Avenue for which they paid a knee buckling $21,000,000 in March of 2007, at least one property in Ketchum, Idaho near the Sun Valley ski resort, and another just outside of a small town called Cornwall in Vermont. And that’s just what Your Mama came up with after poking around property records for less than five minutes.
Your Mama is all kinds of indignant and spitting mad now and we see a fat nerve pill in our early morning future.
All sorts rumors and reports are starting to surface and swirl about that Lauren Conrad gurl from The Hills moving out of her house on N. Orange Grove Avenue in Los Angeles and into a high rise condo along the Wilshire Corridor in Westwood. Your Mama has heard the rumor (rumor children, RUMOR!) that Miss Conrad and roommate–whose name we don’t know or care to know–are moving out because they were having a lot of conflict with the neighbors who were hissy fitting about all the unwanted activity on the block that resulted from filming at the house.
Holy Mary Mother of God! Who cares?
Isn’t this gurl’s Warholian 15 minutes up yet?
You’re gonna love this one children. We sure did. Your Mama hears from Nelly Knowsitall that whistle stop wonder Mariah Carey is not the only high maintenance showbiz dee–vah considering shacking up in the San Fernando Valley. Can y’all guess who it is?
Are you ready? Get ready to whoop, holler and gasp for air…
It’s Jennifer Lopez.
Can. You. Stand. It?
Miss Knowsitall whispered in Your Mama’s big ear that the La Lopez and entourage recently toured several large and lavish homes in the 10,000 square foot range. Well of course she did. Beehawtcha cain’t be living up with that wild eyed huzband and two kids in any kind of house smaller than a damn boo-teek hotel.
Miz Lopez and her huzband are making all sorts of real estate news lately as they’ve recently bought the neighboring property to their Brookville, NY estate and, as everyone surely knows by now, Mister and Missus Lopez also have their Bel Air mini-compound on the market with an $8,500,000 asking price.
It was also recently whispered in Your Mama’s big ear by someone who would know that a couple of big name famous folks (1 male and 1 Oscar nominated female, who are not a couple) have been seen peeping properties in the $3-5,000,000 range in the star studded Los Feliz area of Los Angeles. More details to come when we know more.