Phil Falcone Destroys The Penthouse Porn Palace

philip falcone tbi

Phil Falcone bought an upper east side porn palace last year.

The $49 million mansion on 14-16 East 67th street in Manhattan is the former home of Bob Guccione, the publisher of Penthouse. 

From Curbed: Guccione added all sorts of personal touches to the landmark, like a Roman-inspired indoor pool and, uh, marble columns with his face carved into them.

The Harbinger hedge fund manager is getting rid of all that and more.

His plans to excavate the mansion’s interior were approved yesterday.

Read more on Curbed.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.