Palm Beach Estate Purchased for $71.2 Million

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by Kayla Sylvester Apr 03, 2015 06:10 PM

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.