As you may have heard, last evening Warren Buffett was in New York, to celebrate the re-opening of the 40/40 club with his good friend, Jay-Z. A photo was taken of the brothers from another mother, in which Jay-Z excitedly examines Warren’s tie, as Buffett slips his fingers into Z’s shirt sleeve. While the reason for the latter move is unclear at this time (some have speculated that WB’s hands may have been cold and so what? Is that weird or something?), we now have a bit more clarity re: Jay-Z’s interest in the Oracle’s threads. Continue reading »
Jay-Z
Last week, accused rapist and former IMF head Dominique Strauss-Kahn was granted bail, on the condition in remain in New York and be monitored 24/7. He was originally slated to stay with his wife at the Bristol Plaza, which bill itself as “better than a hotel” and comes with daily maid service, but the tenants said not on their watch. He’s since found a home in Tribeca and while he’s not allowed to leave legal and medical appointments, plus weekly worship, the 6,800-square-foot townhouse, which is setting his wife back £30,000 a month, should provide plenty of room to stretch his shit out. Also included: Continue reading »
Despite the fact that he is a rolly polly ball of smiles that had the good sense to sell his hedge fund to Citi for a billion dollars, as the CEO of the Treasury’s special needs child, Vikram Pandit does not have a lot to look forward to, other than the day he “makes more than $1.” So when the word got out several weeks ago that he was going to have the opportunity to meet one of his idols, he got pretty psyched Naturally, the idol I speak of is Mr. Jay-Z. Continue reading »
First, Phil Falcone’s Harbinger Capital is launching a Pan Asia fund next month that will “focus on special situation opportunities.” The vehicle already has $500 million from “one large investor” but is still open and willing to accept your money. Get in at the ground floor. And second: Continue reading »
Jay-Z Is Pissed Off At CRE Market, Sues The S%&* Out Of Highland Capital, Will Rap About It
By Yaël Bizouati
In 2007, Jay-Z took a $52 million loan from Highland to buy a Manhattan hotel, to be called the ‘J Hotel.’ The notes matured in August and defaulted, and now Jay-Z is losing about $20,000 in daily interest. And now he’s pissed off. According to a complaint filed yesterday, Jay-Z is accusing Highland Capital of trying “to bleed additional funds” from him. Mr. Z is seeking $3.7 million in damages.
