Peloton CEO Buys $55 Million Hamptons Estate, Despite Company’s Plummeting Share Prices

  • 📰 Forbes
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

CEO John Foley scooped up a $55 million compound in East Hampton

and listed by Hedgerow Exclusive Properties, initially went on the market in September for $52.5 million, and sources say Foley purchased the property on December 2 for $3 million over-asking.

The East Hampton compound was built by famed Hamptons architect Francis Fleetwood, known for his shingle-style, romantic country homes. Spanning 6,100 square feet on a four-acre plot, the home has five bedrooms and seven bathrooms. The property is ultra-secluded and private, flanked by towering trees on every side.

The home is located near the beach and faces the water; there is beachfront access and more than 400 feet of water frontage. There’s an in-ground pool with a stone deck, as well as plenty of outdoor space for lounging and entertaining. The two-story home has an oversized lower level and a private second floor, with separate wings housing the primary suite and other bedrooms. Sundecks abound on both floors, offering immaculate views of the water.

Further Lane is a prestigious lane in East Hampton known for sprawling estates and pricy homes. Past and present neighbors include fashion designer Calvin Klein, billionaire Ken Griffin, Jerry Seinfeld, hedge fund manager Jim Chanos, gallery owner Larry Gagosian and many more.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There’s no balance in life

Damn, he must work REAL hard!

Who cares

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peloton CEO Buys $55 Million Hamptons Estate, Despite Company’s Plummeting Share PricesPeloton CEO John Foley recently dropped $55 million on an East Hampton compound amid the company’s plummeting stocks and recent controversy. Take a look inside Foley’s new mega-mansion. ☔
Source: Forbes - 🏆 394. / 53 Read more »

CEO of GM's Cruise autonomous vehicle unit to leave companyDan Ammann, CEO of General Motors' Cruise autonomous vehicle subsidiary, is leaving the Detroit company. GM didn't give a reason in a short statement Thursday but said that Kyle Vogt, president and chief technical officer, would be Cruise's interim CEO. The leadership change comes just as Cruise is about to start a fully autonomous ride-hailing service without human safety drivers.
Source: YahooNews - 🏆 380. / 59 Read more »

Bay Area liquor company CEO sentenced to six weeks in prison in college admissions caseMarci Palatella had pleaded guilty to conspiracy to commit honest services mail fraud after admitting to paying to get her son into USC as a football recruit. Send a dm if you need help paying your credit card bills I’m a Powerball lottery winner and I’m doing this to help as many people as I can get off credit card debts If you need this help send a dm . uscpsycho Oh, that’s why USC went 4-8.
Source: latimes - 🏆 11. / 82 Read more »