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David Geffen buys tax-evading Denise Rich's Fifth Avenue penthouse for $54million.

Record executive and producer David Geffen finalized a deal last week to buy the luxury penthouse apartment owned by socialite Denise Rich on Manhattan's Upper East Side for record-smashing $54million. Rich, 68, the Grammy-nominated songwriter who renounced her American passport in November, was originally asking $65million for the stunning 12,000 square-foot Fifth Avenue dwelling, but settled for a sum nearly 17 per cent lower than her asking price, according to the Wall Street Journal. Still, the deal marks the highest price ever paid for a co-op in Manhattan, according to Jonathan Miller, president at Miller Samuel Real Estate Appraisers & Consultants.

http://www.dailymail.co.uk/news/article-2233422/DreamWorks-founder-David-Geffen-closes-citizenship-renouncing-socialite-Denise-Richs-NYC-duplex-penthouse-record-breaking-54million.html?ICO=most_read_module


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