Sunday 31 May 2015
Saudi Billionaire Fawaz Al Hokair Is Buyer of $95M Penthouse at 432 Park NYC
Saudi billionaire and retail magnate Fawaz Al Hokair is the buyer of the $95 million penthouse at 432 Park, the city’s current tallest residential building. The unit went into contract in 2013 for roughly $11,500 per square foot, but sources are just now coming out with his identity. Al Hokair is the founder and chairman of Fawaz Alhokair Group, the most valuable retail and real estate company in Saudi Arabia. Forbes estimates the company is worth $22 billion, and that Al Hokair’s net worth is $1.37 billion.
“The building was once the most expensive residential project in the city
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