In fact, the home purchase—which has been linked to Shleifer—set a new price record not just for Palm Beach but likely for the entire state, according to the Palm Beach Daily News. The luxurious new residence sits on two of the 6.2 acres that Donald Trump sold in 2008 for a then-record-setting $95 million.
Shleifer reportedly had a $1.5 billion year in 2020.
Institutional Investor ranked the top-earning hedge fund managers in the world for its 20th annual Rich List—which was published online on Feb. 21—and Shleifer came in at No. 8 with $1.5 billion dollars in earnings. He tied with O. Andreas Halvorsen of Viking Global Investors. In comparison, Shleifer was No. 14 on last year’s list.
The magazine noted that Shleifer runs Tiger Global’s only long-only fund, which enjoyed a 65 percent return over the last year. Tiger Global was behind multiple unicorn IPOs lately.
Forbes recently ranked Scott Shleifer at No. 41 on its Midas List of top tech investors. Forbes hailed his investments in the Chinese produce platform Meicai, the Indian online tutoring service Vedantu, and the British digital payment startup Rapyd.
According to TechCrunch, Shleifer joined Tiger Global in 2002 after working for the Blackstone Group for three years. He and Chase Coleman—who ranks No. 3 on the Rich List with $2.5 billion in earnings—founded the firm’s private equity business in 2003.
With longtime contributor Lee Fixel’s departure from Tiger Global in 2019, Shleifer and Coleman are the firm’s “sole decision-makers,” TechCrunch reports. Tiger Global is also expecting to close a new $3.75 billion venture fund in March. The new fund is called Tiger Private Investment Partners XIV, but it's actually Tiger Global’s 13th venture fund, according to the site.
Shleifer’s rumored new home covers more than 21,000 square feet.
The buyer of the record-breaking Palm Beach home did so through a Delaware-registered limited liability company called 535 NCR LLC. The Palm Spring Daily News and The Real Deal link Shleifer to the purchase. After commissions, fees, and other expenses, the total purchase price might have risen as high as $140 million, The Palm Springs Daily News reports.
The newspaper also touts that the modern mansion, designed by architect William M. Boyle and developed on speculation, has nine bedrooms and 21,066 square feet of living space inside and outside.
The two-story main residence features a white-stucco exterior, a hardwood and polished stone interior, a formal living room with an oversized fish tank, a club room, a bar, a lounge area, a family room, a formal dining room, a gym area with a sauna and a hair salon, and a second-floor master bedroom overlooking an oceanside pool. A separate guesthouse has a pool of its own.