$103 million purchase reported
Reports today indicate that billionaire investor Ron Baron has purchased a 40-acre East Hampton parcel adjacent to his current estate for $103 million. Baron is the founder of Baron Capital Management. The New York Post reported that Adelaide de Menil Carpenter, an heiress of the Schlumberger oil fortune, sold the oceanfront parcel to Baron. It also reported that the homes previously on the site have been removed. This would make the $103 million sale strictly a land deal.
