Blue Pool Capital that manages part of the fortunes of Alibaba co-founders Joe Tsai and Jack Ma, has bought a Manhattan penthouse, which was previously owned by Dan Och.
According to New York Registry documents, the firm paid $188 million for the 220 South Park property. The filings show that Blue Pool took out a $71.5 million mortgage through JPMorgan Chase for the property on the 73rd floor, and purchased a maids room on the lower floor.
Alibaba’s executive vice chairman, Tsai also purchased two condos 220 Central Park South in 2021 for $157.5 million.
Och paid around $95 million in 2019 for a building that was designed by Robert Stern and developed by the Vornado Realty Trust on Billionaires Row. However, a spokesman for Och declined to comment on the sale, and the identity of the buyer.
Tsai is a Canadian citizen that was born in Taiwan, with a net worth of $7.4 billion. He quit his job at an investment firm where he was earning $700,000 annually and joined Alibaba instead on a salary of $50 per month. He eventually began to raise money from investors throughout the world and helped the company grow and become the giant it is today. Tsai also has a stake of 49 percent in the Nets basketball team from Mikhail Prokhrov in 2018.
‘Joe Tsai’s family office pays $188M for Dan Och’s penthouse‘- Crains New York Business
