The Developer Behind a $90 Million Penthouse

Courtesy Extell Development Co.

You can put your spare $90 million into buying 2 million shares of Facebook, or you can spend it snapping up one luxury penthouse apartment in New York. A 10,923-square-foot duplex atop One57, one of the city’s tallest buildings, has sold for that record price tag. While the buyer’s name isn’t public—all we’re told is that the buyer is a family who are not from a former Soviet state—the name of the man behind the luxury development is no mystery: Gary Barnett, the president of Extell Development.

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