Palm Beach Estate Purchased for $71.2 Million
Last week, the Palm Beach estate of real estate developer Dwight C. Schar was sold for $71.2 million.
According to a deed recorded in the Palm Beach County official records, the mansion was purchased by billionaire Paul Tudor Jones II.
Tudor, who founded the private asset-management company Tudor Investment Corp., has an estimated net worth of $4.6 billion and also ranks as the 108th richest American, according to Forbes Magazine.
Sitting on nearly 6-acres, the estate is located at 300 S. Ocean Blvd. and has about 420 feet of oceanfront property.