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Posted on 08/27/2014 4:07:45 PM PDT by Kid Shelleen
Eliot Spitzer and his young love, Lis Smith, were all smiles after their romantic trip to the City of Light. The pair was seen Sunday in the first row of first class on an American Airlines jet from Paris to JFK. “They were moonily grinning at each other and laughing,” said a spy. It seems Spitzer had reason to celebrate: Sources tell Page Six he just sold off 144 rental units at the Corinthian — the East 38th Street building built by his father in the 1980s — to Gaia Real Estate for $147 million.
(Excerpt) Read more at pagesix.com ...
“They were moonily grinning at each other and laughing,” after he made a payment to her.
Of course he was smiling.Word is that those Parisian hookers are to die for!
Actually he’s no richer — he just has more liquid assets than before.
I wonder how many accountants he has working to minimize his taxes?
If he inherited the real estate he pays no real estate. The estate does.
You can be filthy rich and the media won't lay a glove on you, as long as you are a lock-step liberal in public.
In private, you can be a lush, a drunk, an unfaithful husband, whatever. No problem, as long as you push the agenda in public.
LOL. I wonder if his new “Love” thinks he has given up the hookers? Wouldn’t bet on it. Of course, maybe she just doesn’t care.
Client #9!
Being a trust fund brat pays.
No. The Estate pays estate tax on the value of the real estate on the date of death; once the real estate is distributed to the heirs, if they later sell it, they pay income tax on any appreciation in value between the date of death and the date of sale.
Just asking...
5.56mm
“Actually he’s no richer — he just has more liquid assets than before.”
Exactly.
The Headline of the article is incorrect and that is surprising as it is not the glaring error one would expect from such esteemed financial publications such as the Economist, WSJ or the New York Post’s Page Six.
Hopefully he’ll spend his time blowing his fortune on his new girlfriend and end all attempts at public office.
That’s what a meant. You said it more correctly.
Real question. How many hookers will Spitzer now have on his personal payroll, besides his new wife?
Didn’t he used to be the Consumer Advocate guy in NYC who busted the balls of profiteers like this? ;~)
Having more liquid assets is just another way of saying "richer" than before.
And having more fixed assets than before is another way of saying “richer” than before.
Exchanging fixed assets for liquid assets is just another way of saying “just as rich” as before.
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