High-School Dropout Vaults Into Mega-Wealth With M&A Bargains
- Michael Flacks has quietly been snapping up discounted assets
- He says he’s willing to buy companies others might not touch
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Ken Moelis recently sold his residence at New York’s Plaza Hotel to a fellow dealmaker with a far lower profile than the legendary investment banker.
The home — complete with marble bathrooms, 12-foot ceilings and sweeping views of Central Park — went for almost 30% less than its original $15 million listing price.