As some of you may recall, back in 2010, hedge fund manager David Tepper bought Jon Corzine's old Hamptons house from Corzine's ex-wife, and proceeded to bulldoze the whole thing. While the location and the land had proved a large draw, there was more to this real estate acquisition and subsequent tear down than met the eye. In fact, it was part of a multi-year, multi-pronged attempt to exact revenge on a man who, in Tepper's eyes, had all but ruined his life. Or, it was a hilariously petty act by a billionaire who was still upset about a perceived slight* that happened back in the 90s. It was one of those two things!
Four years after a billionaire demolished his former boss' Hamptons house to build a bigger and better one, the sprawling oceanfront mansion is complete. David Tepper bought the Sagaponack home from the ex-wife of former New Jersey Gov. Jon Corzine for a reported $43.5 million in 2010. A year later, the 6,165-square foot house was razed to the ground on the 6.5 acre property on Gibson Lane, according to reports from the time. "You could say there was a little justice in the world," Tepper told New York Magazine. In the 90s, Corzine served as Tepper's boss at Goldman Sachs and passed him over for a promotion. Tepper left to found hedge fund Appaloosa in 1993 and became a billionaire in just 10 years.
*That actually worked out in his favor, as he became much richer as a hedge fund manager than he would have ever been as a partner at Goldman Sachs.