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.
Who does he think he is, Al Gore?!?
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