In a recent Sun-Times column, Jay Mariotti reported, among other, even-more-fascinating facts, that Tribune CEO Sam Zell (at right) is estimated, by Forbes, to have a net worth of $6 billion. That would make him the 52nd-wealthiest person on earth (and likely in the universe).
If that estimate is correct, Sam could have cashed it all in last year and paid cash for almost all 18,120 condos sold in the city in 2007. Their combined sales price: $6.3 billion. (Sorry, FSBOs, you are not included in that number. You'll have to find another buyer.) Interesting coincidence of numbers, at least to us condomaniacs. Sam does own at least one condo, we're told, on Michigan Avenue. How many more is anyone's guess.
Monday, February 18, 2008
Fun: If Sam Cashed In His $6-Billion Net Worth
Posted by Ric Cox (Ric14@aol.com) (Twitter @RicCox14) at 8:14 AM
Labels: Agents, Appraisers, Brokers, Buyers, Developers, Fun, Journalists, Lenders, Owners, Sellers
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