James Dinan and Elizabeth Miller and the property (Josh Quick, J. Quick Studios, Getty)
Billionaire hedge fund manager and Milwaukee Bucks co-owner James Dinan purchased a waterfront spec mansion in Palm Beach.
Dinan, founder and CEO of New York-based York Capital Management, and his wife, Elizabeth Miller, paid about $49.1 million for the 13,025-square-foot estate at 520 Island Drive. Luxury home builder Corey Schottenstein of Schottenstein Real Estate Group sold the Everglades Island property, records show. The price likely does not include commissions and other costs, including furniture.
Corey Schottenstein (Schottenstein Real Estate Group)
Dinan’s net worth is $1.9 billion, according to Forbes. He’s the latest billionaire to buy a luxury estate in Palm Beach, where residential inventory is scarce and most deals are now off market.