Hedge fund billionaire Larry Robbins bought a mansion in Palm Beach front Gardens’ Outdated Palm Golf Club for $13.9 million, resources informed The Serious Deal.
Robbins’ Elina PBG Holdings LLC, a Delaware entity, acquired the property at 11759 Elina Court docket from John and Margaret Hague, records exhibit.
Vince Marotta of Illustrated Attributes represented both equally sides of the deal. He declined to remark.
Robbins is CEO of Glenview Cash Management, a New York City-primarily based hedge fund with more than $7 billion in belongings below administration. His particular net really worth is $1.9 billion, according to Forbes. He outlined his Upper East Side penthouse in New York for $55 million in March, the Wall Avenue Journal reported.
John Hague is also a financier, who heads Newport Beach-centered Hague Funds Associates. He and his wife purchased the Outdated Palm Golf Club residence for $5.8 million in 2021. Crafted in 2009 on .8 acres, the 12,400-sq.-foot mansion has eight bedrooms, seven bogs and 1 half-toilet, assets documents exhibit. The household includes a pool, gym, theater, club room, office and a two-bedroom visitor dwelling with a kitchenette, the listing exhibits. The couple extensively renovated the residence, according to the listing.
The Hagues outlined it for $14.5 million in November, Redfin exhibits.
Palm Beach front Gardens is a hub of luxury gated golfing club communities, which include the Bears Club and Old Palm Golfing Club, which has captivated a range of higher-profile buyers. Robert Johnson, the co-founder of Wager, bought a spec mansion in Aged Palm for $20 million in June. In 2016, Ben Carson bought a mansion for $4.4 million in the gated group. In 2022, cybersecurity CEO Jason Elmer dropped $9.2 million on a property.
