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Foreign potentates, celebrities, and random billionaires rent places at these prices for relatively short stays, maybe a few months at a time while they have to be in the city for some reason, but want more privacy than they can get in a hotel. At least I think that's the market.
I couldn't get in touch with any of my billionaire friends to ask.
I pass by that building every so often, and there is always a line of really high-end looking limos idling on the street outside. Do you think these are residents' personal/private drivers, just waiting to take their client wherever they might need to go? I guess with that kind of money it would make sense the residents have personal drivers ready at a moment's notice.
The shell companies hide the true owners, some of whom have been linked to organized crime, fraud, corruption and criminal activities. The very nature of a shell company makes it hard to find out who these people are and what nefarious activities they've been involved in, but apparently there is a way to trace some of the money. I haven't read the article yet, just the first few paragraphs.
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