Goldman Sachs head wants $55M for Nantucket house
Thursday October 16
Goldman Sachs co-president Winkelried asks $55M for Nantucket estate -- record price for island
NANTUCKET, Mass. (AP) -- The co-president of financial services company Goldman Sachs is trying to sell his Nantucket estate for a record $55 million.
Jon Winkelried's asking price for the 5.75 acre property, which includes two shoreline parcels, is more than double the record sale of $26.5 million set last year.
The main house includes a wine room, billiard room, four fireplaces, a swimming pool and five bedrooms. The property also has a guest house and two garages.
Winkelried bought the two parcels in 1999 for just under $7 million and built the main house afterward.
The taxes are nearly $68,000 annually.
Winkelried owned $345 million worth of common stock when he took over as co-president of Goldman Sachs in 2006. His compensation last year was $67.5 million.
This news item just about sums up the archetypal definition of corporate excess and greed.