Source: Palazzo del So

Hasbro Mogul Buys $8.2 Million Home in Miami

A near-miss from Hurricane Irma doesn’t appear to have dented Miami’s appeal to Alan Hassenfeld.

Alan and Sylvia Hassenfeld.

Photographer: Patrick McMullan via Getty Images

The former chief executive officer of Monopoly maker Hasbro Inc. closed Tuesday on the purchase of an $8.2 million home at Palazzo del Sol, a development on tony Fisher Island, according to property records, which show the purchase is his first in Miami. The deal comes less than three weeks after the city was spared a direct hit from the storm, which had threatened to wipe out entire neighborhoods.

Hassenfeld had a $946 million fortune on the Bloomberg Billionaires Index at the close of Monday trading, after shares in the Pawtucket, Rhode Island-based toymaker slipped to $96.60, from a July record of $115.95 that saw him accumulate a ten-figure fortune.

Protected by security guards around the clock and only accessible by boat, Fisher Island is a tightly controlled haven for its well-heeled residents. The 10-floor Palazzo del Sol is the newest -- and flashiest -- addition to the community, boasting poolside cabanas, landscaped gardens and a butler-staffed aperitivo bar.

Hassenfeld didn’t immediately respond to email and telephone requests for comment.

— With assistance by Jonathan Levin

    Before it's here, it's on the Bloomberg Terminal.