Harry Macklowe is a New York City-based real estate developer and investor. In 1960, he dropped out of education to pursue a career as a real estate salesman.
However, he swiftly transitioned from broker to constructor. Macklowe Properties is his company. 540 Madison Avenue, Two Grand Central Tower, 400 Madison Avenue, and other high-profile New York skyscrapers are among the firm’s holdings.
In 2007, when the real estate market was at its peak, he paid $6.8 billion acquiring seven Manhattan towers from Blackstone Group.
Macklowe garnered as much attention for his great riches as he did during his divorce from ex-wife Linda Macklowe. It was, without a doubt, the most tumultuous and acrimonious divorce in history.
Reports: Macklowe Divorce Art Trove Seen Selling for More Than $600 Million
Sotheby’s has been awarded the privilege to sell the Macklowe collection, one of the world’s most valuable art collections.
The collection includes works by Pablo Picasso, Andy Warhol, and Mark Rothko, and the auction house anticipates it to sell for more than $600 million.
The announcement on Thursday brings to a close a bitter struggle between prominent auction houses vying for the sale, including Christie’s and Phillips. The collection will be released in two installments, the first in November and the second in May of the following year.
Sotheby’s chief executive officer, Charles Stewart, described the collection as “one of the most significant collections of modern and contemporary art in the world.”
The contentious divorce of New York real estate magnate Harry Macklowe and his now separated wife Linda sparked the sale. Because the octogenarian couple couldn’t agree on the value of their 65 most precious items, a judge forced them to sell them and share the money. In one case, the valuations ranged by $30 million.
Due to market volatility, major single-owner sales were first put on hold during the epidemic. That’s starting to change. In May, the late Anne Marion’s art collection sold for around $150 million at Sotheby’s in New York, while in November, Christie’s will auction the $200 million collection of oil baron Edwin Cox.
Harry Macklowe Age, Date of Birth, Birthday, Family, What about his father, mother, Where is he from? Early Life.
Macklowe was born into a Jewish household in Westchester County, New York, the son of a garment boss. He attended the University of Alabama, New York University, and the School of Visual Arts before dropping out and becoming a real estate salesman in 1960.
Harry Macklowe Net worth, How much did he earn?
Harry Machlowe had a fortune in the billions. Forbes estimated his net worth to be $2 billion in 2007.
He possessed a lot of properties, but after his painful divorce from his ex-wife Linda, he had to divide his assets.
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The Macklowes were no longer billionaires, but they were still extremely wealthy, according to Forbes. They owned $100 million in personal property.
They also possessed $90 million in cash and investment accounts, as well as about $17 million in other assets.
Harry Macklowe Wife, His Relationship, What about Children?
Between Harry and Linda Macklowe, they had two children, William S. Macklowe and Elizabeth Macklowe.
Harry remarried Patricia Lazar-Landeau after his divorce from Linda. On the corner of 432 Park Avenue, he even hung a large portrait of himself and his new wife.
This was widely regarded as a slap in the face to his ex-wife.
William, Harry’s son, has been married twice. Tory Burch was his first wife, whom he married and divorced in 1993. After that, he married Julie Lerner, his second wife, in 2004. His daughter married Kent Swig, but the couple later divorced.
Harry Macklowe Career
Macklowe went from broker to builder in a flash. He quickly became known for designing sleek modernistic buildings such as Metropolitan Tower, as well as his starkly white minimalist offices, due to his keen interest in architecture and modern art.
Macklowe Properties, his company, has or has owned a variety of New York properties, including 400 Madison Avenue, 540 Madison Avenue, Drake Hotel (which he demolished to make room for 432 Park Avenue), and Two Grand Central Tower.
He was fined $2 million in 1985 for razing four buildings in Times Square during the night.
Macklowe paid a record $1.4 billion for General Motors Building in 2003. After he persuaded Apple to establish a subterranean Apple retail store beneath the building’s plaza, which he personally and successfully presented to Steve Jobs, the skyscraper’s value quickly doubled. Jobs subsequently offered a 32-foot all-glass cube as the entry to the underground store, which the city authorized and which opened to the public in 2006.
Macklowe paid $6.8 billion to the Blackstone Group for seven Manhattan towers in February 2007, at the pinnacle of the real estate market. He put up $50 million of his own money and borrowed the rest from Deutsche Bank and the publicly traded hedge fund Fortress Investment Group for $7 billion in short-term loans (due in February 2008).
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He lost all seven properties after failing to renew a $5.8 billion debt from Deutsche Bank in early 2008. The General Motors Building (which served as collateral for the loan) and the Credit Lyonnais Building were two of the structures that were forfeited.
Where he attended his High school and University? What was his major?
He attended the University of Alabama, New York University, and the School of Visual Arts before dropping out and becoming a real estate salesman in 1960.
Harry Macklowe Social Media Reach
Harry Macklowe is not available on twitter.
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However, he has 252 followers on Instagram with 31 post which shows his fan follower on Instagram are quite small. In Instagram, he has followed 441 Media Personnel. His Followers can follow him on Instagram.
By looking into his social media, he seems to be not quite active in social media.
Harry Macklowe FAQ’S
Harry Macklowe is a New York City-based real estate developer and investor.
Harry Macklowe was born in the United States Westchester County, New York. Currently, he is 83-84 years old.
Harry Macklowe is currently married to Patricia Lazar-Landeau.
No, he is not quite active on social media platform.
Harry Macklowe ’s Body Appearance Height, Weight
Interesting facts about Harry Macklowe ’s which you should know
|Net Worth||$1 Billion|
|Single/ In a relationship||In a relationship|
|Current Girlfriend/ Spouse||Patricia Lazar-Landeau|
|Children||William S. Macklowe and Elizabeth Macklowe|
Instagram: @ harrymacklowe