Of Course Corzine Needed A New French Chateau, It's Because David Tepper Tore Down His Old Mansion


Photo: Cully/EEFAS via Southampton Patch

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.

Tepper's home will take up almost double the amount this one uses

The former 6,000 square foot house

Views of the ocean

Awesome upper deck, we're sure the new one will be even better

One of the bedrooms

Huge bathroom

Windows all over the house, letting the summer sun in

High ceilings

Another one of the bedrooms

One of the smaller bedrooms

Yet another bedroom, there's six

The in-ground pool

And full size tennis court

See, the trees block the ocean view

Tons of extra space to build bigger

A view from the beach

Then in June 2011, boom! The house is tore down and gone.

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