Zhang Xin, real estate mogul and CEO of SOHO China, just threw down US$26 million for a Manhattan townhouse, beating a list of potential buyers that included Brad Pitt, Leonardo DiCaprio, and a Saudi prince. Zhang is the same billionaire who abruptly informed CBS news that the Chinese people “crave” democracy, but perhaps they just crave townhouses.
Chinese-real-estate-watching website (these digital niches are starting to get out of hand) Mingtiandi covered the purchase and reports:
According to a broker involved in the deal, Zhang purchased the home from Italian real estate developer and movie producer Valerio Morabito, who purchased the property in 2009 for $10 million and spent roughly another $10 million renovating it. […]
While Zhang Xin makes it a point to retell stories of working on a factory floor during her childhood in China, her New York lifestyle promises to be a bit more posh.
The billionaire’s New York pied-a-terre features a roof terrace with a custom-built hot tub, a wine cellar, English garden, and a fitness floor with a waterfall, swimming pool and sauna.
Brad, Leo, and the Saudis can suck it.