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Asia’s Richest Man Is Building Chicago’s Priciest Penthouse

The $17.1 million apartment would set a record for the city.
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Source: Magellan Development Group

When the 95-story Vista Tower is completed in 2020, it will be the third-tallest building in Chicago, and at its very top will be a 7,000-square-foot duplex penthouse, currently offered for $17.1 million. If it sells, the penthouse would just barely eke out an all-time record for Chicago’s most expensive residential real estate. (A penthouse on the 89th floor of the Trump Tower sold for $17 million in 2014, after its price was halved from the original listing price of $32 million.)

Given Chicago's current housing market, the penthouse's price tag might seem steep—the only comparably priced listing is a 12,000-square-foot Gold Coast mansion, according to Trulia. But consider that $17.1 million is just 0.05 percent of the personal net worth of Wang Jianlin, the building’s co-developer and, not coincidentally, Asia's richest person.