four fairfield pond owner

[40] The house outraged locals, who claimed Rennert originally planned to use it as a spa, a hotel, or a religious retreat. Antillia -- $1 billion   Owned by Indian billionaire industrialist Mukesh Ambani, this 27-story, 400,000 square-foot south-Mumbai estat... 1. The buildings, which total over 110,000 square feet (10,000 m 2), including the 66,000-square-foot (6,100 m 2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms.

At the time of the bankruptcy, if the pension plan had been terminated, the Pension Benefit Guaranty Corporation calculated a $117 million shortfall. Share. Top 5 Players Who Had Most Champions League Assists 2014/15.

On January 14, 2011, the United States Court of Appeals sided with the EPA and upheld placing the site on the National Priority List. Designed by Chicago-based architects Perkins and Will, Antilia reportedly is worth $1-2 billion. Turkey-Greece earthquake: 14 killed, over 100 injured as strong tremors hit... Twitter took votes away from Trump in 2016 US polls: Study, German economy grows at record pace before second wave of pandemic.

They donated $5 million to establish the Wiesel Center at Boston University and $250,000 to the Lincoln Center. This occurred again in 1963 and as a result, his license was revoked on November 29, 1964, effectively banning him from the securities industry. [27] He also ranks #29 on The Jerusalem Post list of the World's 50 Richest Jews.[28]. According to the latest estimates, the property is worth $1.55 billion. Ira Rennert is married to Ingeborg Hanna Rennert. #4 FAIRFIELD POND THE HAMPTONS - $220 MILLION Fairfield Pond is the Hamptons home of junk bond billionaire Ira Rennert. The holding company then sold $120 million in junk bonds, this time paying an additional $100 million dividend to Renco. Another US unit of Renco also faced environmental issues in Herculaneum, Missouri and has made substantial improvements. Post Comments Cameron Green included in 18-man Australia squad for ODIs and T20Is vs Indi... India vs Australia Boxing Day Test in Melbourne to see only 25000 spectator... TS EDCET Result 2020 declared at; get direct link here. [6] The suit went on until 2007, when a judge ruled in favor of Renco and against the DOJ. [15] The EPA data recognizes this as the single largest reduction in air emissions in the category of hazardous air pollutants since the TRI began in 1987 at any single facility. Media related to Ira Rennert at Wikimedia Commons, The website address for the US Magnesium Superfund Site is, Toxic Lead Smelting Operation in La Oroya, Peru, Learn how and when to remove this template message, New York University's Stern School of Business, National Association of Securities Dealers, United States Court of Appeals for the District of Columbia Circuit, List of investors in Bernard L. Madoff Securities, New York University Leonard N. Stern School of Business, "SEC News Digest - Dixie Dinettes Files for Secondary", "Ira Rennert's House of Debt: How leverage made millions for a tarnished financier--and investors lost out", "Doe Run owner built empire on junk bonds", "US: U.S. Moves to Seize Pension Fund in Dispute With Renco | corpwatch", "U.S. Moves to Seize Bankrupt Steel Maker's Pension Plan", "Perelman Seeks Controlling Stake in Maker of Hummer", "Summaries of the 2004 Climate Protection Award Winner's Accomplishments", "Herculaneum Facility to Close After 120 Years in Operation", The Nation: "Religious Leaders Challenge Polluter" by Sara Shipley Hiles, "Poisoned city fights to save its children", "-Yeshiva University News - Gifts Boost Medical Research: Ten Professors Invested in Endowed Chairs at Albert Einstien College of Medicine", "Members of Congress, Obama Administration Go to Bat For Billionaire Investor", Vanity Fair: Letter from the Hamptons: Sand Simeon, New York Observer: "Big Deal!

[24] La Oroya was and remains a very polluted site. Jun 15, 2015. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. [6] In 1998, Renco Steel Holdings Inc. was created to serve as a holding company for WCI. A Pocket Guide to Environmental Bad Guys, (New York: Thunder's Mouth Press). [23] The La Oroya smelter began operations in 1922 and was operated for many years by Centromin, a Peruvian government agency, without any environmental controls. On August 17, 2010, a 10th Circuit Court of Appeals ruling overturned a District Court judge's October 17, 2007, decision that the U.S. Magnesium facility in Rowley, Utah was not illegally disposing five wastes. Rennert named his home after the adjoining body of water, Fairfield Pond.

The EPA published its proposal to place the US Magnesium facility on the National Priorities List (NPL, a "Superfund site" under CERCLA) in the Federal Register on September 3, 2008. ( Ira Renner's giant limestone Italian Renaissance-style home sits on 63 acres of beachfront property in the Hamptons. Rutland Gate Mansion -- $436.5 million The mansion at 8a Rutland Gate in London's Hyde Park neighborhood has been empty for thre... 9. [29][29] They also established the Ira Leon Rennert Professor of Entrepreneurial Finance at New York University and founded the Ingeborg Rennert Center for Jerusalem Studies at Bar-Ilan University. Along the way, Rennert paid substantial dividends out of the business to himself. The smelter was sold to Doe Run in 1997 primarily because the Peruvian government passed a law that required environmental improvement at the business. 'The New Mutants' star Anya Taylor-Joy opens up on doing her own... DNA Exclusive: 'Excited to see myself in season 4 as well', share... Mahesh Bhatt, Mukesh Bhatt issue official statement after drugs allegations... Kajal Aggarwal-Gautam Kitchlu are now married! Interestingly, since the Buckingham Palace belongs to the crown, Mukesh Ambani's Antilla is actually the most expensive private residential home in the world. Rennert and his wife Ingeborg have made many charitable donations to various organizations. Name of property: Four Fairfield Pond Location: Sagaponack, New York Owner: Ira Rennert—Owner the Renco Group VALUE: 248.5 MILLION US DOLLARS. In 1997, Doe Run went on to pay $247 million for a similarly environmentally troubled lead smelting complex from the Peruvian government, as well as borrowing more money to service its Fluor Corporation debt. On August 20, 2004, it was announced that Ronald Perelman's MacAndrews & Forbes Holdings company would buy 70% of AM General from Renco. Kensington Palace Gardens -- $140 million, 6. Rennert's strategy for building Renco was to acquire all the shares of struggling companies and to finance the acquisition by issuing junk bonds. This property was built for the King of Belgium back in 1830. Rennert named his home after the adjoining body of water, Fairfield Pond. [6] Backed by blue-chip mutual funds and hedge funds such as John Hancock Funds LLC and Putnam Investment Management LLC, Rennert now didn't have to invest much of his own money. The 63-acre home comes with 29 bedrooms, 39 bathrooms, a basketball court, bowling alley, squash courts, tennis courts, three swimming pools, and a gigantic 91-foot dining room. Since 1998 most Renco financings have been bank debt. [22]. Four Fairfield Pond -- $248.5 million   Located in Sagaponack, N.Y., two villages over from ultra-chic East Hampton, this 29-bedroom es... 3. He also served as a partner at Rubin, Rennert & Co.,[4] before launching his own business, I. L. Rennert & Co. in 1962. Situated in France, this property is ownbed by Lily Safra, a Brazilian philanthropist and widow of Lebanese banker William Safra, the 50-acre estate includes a massive greenhouse, a swimming pool and pool house, an outdoor kitchen among other attractions.

Ingeborg, a former airline ticket agent, who is a convert to Judaism[32] and serves as the Director of Lincoln Center for the Performing Arts, Inc.[33] They have three children: Rennert is a member of the Fifth Avenue Synagogue, an Orthodox synagogue[38] where he is also honorary chairman.[39].

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