Hasbro Mogul Buys $8.2 Million Home in MiamiBy
A near-miss from Hurricane Irma doesn’t appear to have dented Miami’s appeal to Alan Hassenfeld.
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