Posted on 01/29/2021 10:48:58 AM PST by libh8er
Plotkin paid $44 million for the waterfront homes at 6360 and 6342 North Bay Road, according to sources. Jean Simonian, who owns the watch store Westime, sold the mansion and adjacent house. The deal closed in late November and was recorded last week.
Plotkin founded New York-based Melvin Capital in 2014 with $925 million in seed money, according to a source. The fund now manages $13 billion. Its holdings include more than 405,000 shares of Amazon (worth nearly $1.3 billion on Monday), and about 20 million shares in Bath & Body Works owner L Brands (worth $600 million), according to Yahoo Finance. L Brands also owns a stake in Victoria’s Secret.
A spokesperson for Plotkin declined to comment. Melvin is known for taking significant short positions against several stocks, including GameStop, which has seen its shares rally nearly 700 percent this year- resulting in huge losses for Melvin. On Monday, the Wall Street Journal reported that Steve Cohen’s Point72 Asset Management and Ken Griffin’s Citadel are investing $2.75 billion into Melvin, which has lost nearly 30 percent this year.
The 12,651-square-foot mansion at 6360 North Bay Road sold for $32 million. The nine-bedroom home, built in 2018, has nine bedrooms, twelve full bathrooms and four half bathrooms, according to property records. It includes a guesthouse, pool and dock with 112 feet of water frontage.
Obviously needs a federal government tax payer paid bailout...
Seems he is not worried about global warming.
He isn’t part of the club of hedge fund idiots that has been screwing up our economy for decades. That is why the New york post had to dox him ?
How do we use this power to nail Biden financiers?
I realize that the left has made doxxing a part of their arsenal of war lately, but I don’t feel like doxxing is normalized just yet. I’m uncomfortable with the post doing this, purely out of principle, not that i have any specific sympathy for this individual
The long players should buy it up and build a Gamestop there...
The people with big money seem to love their beach-front property—that is how you know with 100% certainty the “global warming”/”climate change” talk is a scam.
When they all start selling those properties at fire-sale prices, then we can start taking them seriously.
Funny that Bath & Bodyworks is getting creamed too for the Lindell issue. And Amazon? More proof that it’s all interrelated.....
There is nothing illegal with selling a stock short.
Just as there is not illegal about having an affair.
The morality and ethics of them suck. And most people will be happy if you get caught and hurt.
That said, he deserves what he gets. Someone wrote on Reddit yesterday that the big winners should buy his house and put a Game Stop shop at the end of his driveway.
What's up?
Borrowing 140% of a company’s stock is illegal, as is selling 140% of a companies stock you don’t own.
That is illegal.
REALLY???
Okay, fine, but how many bedrooms does it have?
Do you know anybody who needs 12 bathrooms at home?
Lol.
My mistake. It’s some other site, not NY Post.
11, of course. Can’t you count?
12 FULL bathrooms and 8 half baths!!!
OK
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