That’s the Raj’s house, which he paid $7.5 million for in 2000. Hard to believe such a smart trader would overpay for Greenwich real estate but there it is. 2010 assessment is $5.361 (70% of 2010 market value) so maybe, maybe, the Raj’s wife will break even on this, assuming the happy couple didn’t put a dime of improvements into it in the past 11 years. That seems unlikely.
But for a man who until yesterday was worth an estimated $1.5 billion, I doubt a loss on this house will amount to anything more than pocket change, even if he gets nailed with some fines and penalties. The man has bigger things on his mind, anyway. I assume he’ll stay on, wearing his new ankle bracelet, until his appeals run out but when they do, look for the wife to sell and get out, if she hasn’t left already.
Thought for today: how much do you think Raj would have paid of his $1.5 billion to avoid spending the next twenty years in prison? And how much did he make on these puny deals? Boggles the mind.