Hot off the news that Vanity Fair revealed this morning about former MF Global CEO Jon Corzine’s French-chateau-buying aspirations, we wanted to remind our readers that this isn’t the first time Corzine has made headlines in real estate.In 2010, Corzine’s ex-wife sold their old Long Island mansion in the Hamptons for $43.5 million—at the time the most expensive home in the area—to none other than Appaloosa CEO David Tepper.
Then, in June last year, Tepper tore it down to build a mansion twice the size of the previous one. That’s a pretty big in-your-face coming from Tepper—who used to work at Goldman Sachs but left the firm after he was passed over for partner—to Corzine, who was rising through the ranks at Goldman when Tepper left.
Seems like Tepper’s made a pretty good career out of smugly picking up the shambles of Corzine’s old life. His hedge fund Appaloosa—which specialises in distressed debt—also bought up an 8.64% stake in MF Global after it went bankrupt.