Robert Frank and David Faber of CNBC reported Monday that Joe Tsai is the mystery buyer of a $157.5 million apartment in New York’s most prestigious condo tower, 220 Central Park South on the city’s so-called “Billionaires’ Row.”
The reported purchase is believed to be the third most expensive residential deal in U.S. history, Frank and Faber wrote.
Tsai and his wife, Clara Wu Tsai maintain residences in Hong Kong and LaJolla, a neighborhood of San Diego. They will now apparently become New York residents for the first time since they left the city two decades ago to help found Alibaba, the Chinese e-commerce giant.