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jobsearchtips02 · 5 years ago

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Meet billionaire Expense Ackman, who made billions off coronavirus crash

REUTERS/Richard Brian.

Billionaire hedge-fund supervisor Bill Ackman made $2.6 billion off a questionable bet that the coronavirus would crash the stock market last month.

Ackman was accused of making inflammatory remarks throughout an appearance on CNBC with the intent of moving the markets to increase his earnings however denied it in a press release

Ackman, worth $ 1.6 billion, has a history of making controversial bets.

While most of the world saw their nest eggs decimated as the stock exchange entered into a free-fall over coronavirus worries last month, one hedge-fund supervisor was raking in billions.

Costs Ackman, the chief executive of Pershing Square Capital, made $2.6 billion off a $27 million bet that the pandemic would tank the marketplace. Ackman has a history of controversial bets that earned him a $ 1.6 billion fortune and an examination by the New York District Attorney’s Office.

A representative of Ackman at Pershing Square Capital did not right away respond to Service Expert’s request for comment on Ackman’s profession, net worth, residential or commercial property holdings, or domesticity.

Keep checking out to find out more about Costs Ackman.

William Ackman, 53, was born and raised in a wealthy suburban area outside of New york city City.

Bill Ackman.

Reuters/ Allen Fredrickson.

Ackman was raised in Chappaqua, the wealthy New york city suburb of north of New york city City, according to The Daily Mail Chappaqua is likewise home to Costs and Hillary Clinton, Ben Stiller, and Vanessa Williams, according to The Daily Mail

Ackman’s father, Lawrence Ackman, owned an industrial real-estate financing company, according to The Minneapolis Star Tribune His mom, Ronnie Posner Ackman, serves on the board of New York’s Lincoln Center, according to The New York Times

Ackman made a bachelor’s degree and MBA from Harvard, according to Forbes Quickly after graduating in 1992, Ackman established an effective investment company with a former schoolmate called Gotham Partners at age 26, The Minneapolis Star Tribune reported. The company achieved success however Ackman chose to wind it down in 2002, mentioning a series of lawsuits.

In 2003, Ackman was investigated by the New york city State Attorney General Of The United States over Gotham’s trading practices.

Costs Ackman.

No charges were ever submitted, Ackman said the extremely publicized investigation was difficult on his household.

” Individuals look at you amusing,” Ackman told The Minneapolis Star Tribune of the occurrence in2008

Ackman went on to found Pershing Square Capital Management with $54 million in 2004.

The cash was a mix of funds from his individual fortune and a loan from Leucadia National, according to The Minneapolis Star Tribune The firm was a near-instant success. In one of its finest years, 2014, Perishing Square posted 40%returns compared to the S&P 500’s 13%gain the exact same year, according to Investopedia

Pershing Square has large stakes in Chipotle Mexican Grill, Starbucks, and Hamburger King owner Restaurant Brands International Inc., Bloomberg reported. The value of its overall possessions tops $6.5 billion, according to Forbes

In a 2014 interview with Bloomberg, Ackman stated his guidelines for investing are to be bold, do the opposite of what everyone else is doing, and do lots of research study.

A Wendy’s junk food dining establishment is seen in Los Angeles, California U.S. November 7,2017

Ackman’s hedge fund made the majority of its money by purchasing stakes in big corporations, lobbying management to make changes to increase its stock rate, and after that quickly unloading their shares at an earnings, The Minneapolis Star Tribune reported in2008 Pershing Square purchased a large stake in fast-food burger chain The Wendy’s Company in 2004, pushed it to offer off its effective Canadian subsidiary Tim Hortons, and went on to cash out its financial investment at a profit, according to Investopedia

” His video game is to increase the stock and go out– quick,” Howard Davidowitz, then-chairman of a New york city investment banking and consulting company, told The Minneapolis Star Tribune of Ackman in 2008.

However Ackman is extensively thought about to be an activist financier, according to Markets Insider.

” What we provide for a living, purchasing stakes in business and working to make them better, more effective, more efficient, I think it’s excellent for the shareholders, I believe it’s terrific for the workers,” Ackman told Bloomberg “I think I can do some great with that, and it’s likewise extremely rewarding. I like my day job.”

Pershing Square’s success made Ackman a billionaire. He first appeared on Forbes’ billionaire’s list in 2013.

Source: Markets Expert

Ackman’s strong bets have made Pershing Square a lot of cash– but they have likewise cost the hedge fund billions too.

Bill Ackman.

Ackman’s 2012 short versus multilevel marketing supplement maker Herbalife was one of the most prominent mistakes of his career, according to Investopedia Ackman wager $1 billion that the company would fail, while fellow billionaire investor Carl Icahn made a long-lasting financial investment in the business, Organisation Insider formerly reported. Ackman publicly implicated Herbalife of being a pyramid plan whose stock cost was bound to hit absolutely no, according to The Wall Street Journal

Icahn and Ackman entered into a public battle over the business’s prospects that was called “the hedge fund equivalent of Stalingrad” by The Journal, with Icahn eventually emerging victorious. Ackman lost hundreds of countless dollars on Herbalife, Business Insider reported.

Ackman likewise made a questionable investment in near-bankrupt drugmaker Valeant Pharmaceuticals that led to a contentious Senate hearing over Valeant’s practice of purchasing existing drugs and offering them at inflated prices in 2016, Service Expert reported at the time. Valeant has since been renamed Bausch Health

Pershing Square also lost money on bets on now-defunct bookseller Border’s Group and big-box merchant Target Corporation, according to Investopedia The losses put the hedge fund into what Bloomberg called a “three-year losing streak” in 2019, prior to Ackman’s bet against the stock exchange.

Ackman’s hedge fund made billions of dollars when coronavirus fears sunk the stock exchange in March.

Costs Ackman (left).

Pershing Square invested $27 million in credit security on investment-grade and high-yield bond indexes earlier in 2020, when the market was widely perceived to be healthy, according to Markets Expert

Ackman has considering that used the revenues to strengthen Pershing Square’s financial investments in Berkshire Hathaway, Hilton, Lowe’s, Dining Establishment Brands International, Starbucks and Agilent, Markets Insider reported.

Ackman was implicated of actively sinking the marketplace to increase his profits.

Costs Ackman.

Ackman made an look on CNBC on March 18, declaring that “hell is coming” since of the outbreak, after tweeting comparable beliefs previously in the day. Ackman’s remarks sent the already unpredictable market down, triggering allegations from various news outlets and on social media that Ackman went on television with the intent of making his bet versus the marketplace more profitable, Forbes reported.

Markets plunged so dramatically that the market struck a so-called circuit breaker, stopping trading for 15 minutes, Markets Expert reported.

The billionaire defended himself in a declaration to Pershing Square financiers, writing that “By Wednesday, March 18 th at 12: 30 p.m., when I appeared on CNBC, we had actually currently sold a little over half of the notional amount of our CDS, realizing a gain of more than $1.3 billion, with the unrealized part of our hedge having a market value at that time of $1.3 billion for an overall of $2.6 billion,” Ackman wrote in a news release “Importantly, our hedge had currently settled prior to my going on CNBC.”

Ackman also ruffled plumes by safeguarding a fellow hedge-fund manager who has been connected to Bernie Madoff.

Ezra Merkin privately invested his customer’s cash with Bernie Madoff, losing billions after the Ponzi plan was exposed, according to Bloomberg Merkin was investigated by the New york city Attorney General Of The United States as a potential coconspirator of Madoff’s however settled his case in 2012.

” I’ve known him for 15 years,” Ackman stated. “I believe he’s a truthful individual, a smart person, an interesting individual, a smart financier. People don’t want to hear that since if you invested with Ascot you lost all your cash.”

Fellow hedge fund supervisor Michael Steinhardt of Steinhardt, Fine, Berkowitz & Co. likewise publicly defended Merkin, according to The Street

Ackman credited his new household for motivating his earnings.

Bill Ackman and Neri Oxman go to The New York Stem Cell Structure Gala And Science Fair at Jazz at Lincoln Center on October 7, 2019 in New York City City.

” Possibly it has something to do with being liked and getting married?” Ackman stated of his successes at an investor conference in April 2019, Bloomberg reported.

Ackman and his partner, retired Israeli Flying force lieutenant and MIT teacher Neri Oxman(who is best known for being a reported ex-girlfriend of Brad Pitt), invited a child in the spring of 2019, according to Bloomberg

The couple got together in 2017, after being introduced by both Ackman’s previous teacher and a college good friend following a contentious divorce from his very first spouse, landscape architect Karen Ann Herskovitz, according to Page 6

Ackman and Herskovitz have a “civil, however not warm, relationship,” an unnamed source informed Page 6 in2017 The former couple share three daughters, according to Page Six

Ackman promised to give a minimum of half of his fortune to charity.

Ackman has given more than $400 million in grants to organizations focusing on cancer research, education, economic advancement, and social justice, according to his structure’s site

Ackman and his wife also offered $26 million to Harvard in 2014, according to Philanthropy News Digest

He spent a big portion of the rest of his money on an extensive portfolio of luxury realty.

The Upper West Side of Manhattan.

Ackman bought a $225 million penthouse in the neighborhood, The Wall Street Journal reported in2018 Ackman also owns two other systems in another luxury pre-war building on Manhattan’s Upper West Side that cost nearly $221 million combined, The Journal reported.

They also own a six-acre estate in the Hamptons.

An aerial view of beachfront mansions in Bridgehampton, New York. Ackman’s house not visualized.

Ackman bought the properties, which are located in the town of Bridgehampton, for $235 million in August 2015, according to The Real Deal

The combined value of Ackman’s real-estate portfolio is more than $165 million, according to The Daily Mail

In his spare time, Ackman is a passionate tennis player.

Ackman has actually been playing considering that youth, according to Forbes

Ackman also has an interest in politics.

Costs Ackman.

We now have a business owner as president,” Vanity Fair reported Ackman said.

Ackman hasn’t always been a fan of Trump. In 2016, Ackman penned an essay in The Financial Times asking Bloomberg LP CEO and former New York City mayor Mike Bloomberg to run for president.

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from Job Search Tips https://jobsearchtips.net/meet-billionaire-expense-ackman-who-made-billions-off-coronavirus-crash/

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weheartweekendsblog · 2 years ago

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Six Inspiring Storage Solutions from Simple to Sophisticated

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NewsUSA

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There’s no such thing as too much storage space. And that goes double for thoughtfully designed, carefully constructed cabinets, closets, shelves, and other home stowage solutions. "The most successful built-in storage answers a specific need," notes Linda Jovanovich, of the

American Hardwood Information Cente

r. "It might be micro scale, like a drawer to store and charge electronic devices, or a macro project, such as outfitting an entire mudroom, but its usefulness, durability, and aesthetics will depend on how good the planning, materials, and execution are. Hardwood’s versatility, strength, and good looks make it an ideal starting point when considering most home storage problems." Here are six inspiring examples of what Linda is talking about.

1. In-drawer charging station

Smart phones, tablets, and other personal electronic devices, along with their tangle-prone power cords, are a perennial source of clutter. A dedicated drawer equipped with a charging outlet, as shown in this Chappaqua, New York custom kitchen by Studio Dearborn, gets the gadgets out of the way-and looking great against the blond wood millwork-while they power up. Photograph: Adam Kane Macchia

2. Pots and pans drawers and pullouts

Studio Dearborn tackles an even bigger problem-how to keep pots, pans, and other culinary equipment close to a cooktop without creating a jumble-in this Sleepy Hollow, New York custom kitchen. A deep center drawer holding bulky saucepans is flanked by a pair of vertical pullouts for smaller utensils and bottles of cooking oil, a practical and elegant solution. Photograph: Adam Kane Macchia

3. Kitchen island storage

A custom kitchen in Chicago by 210 Design House featuring Plain & Fancy cabinetry makes exemplary use of the center island’s inherent storage possibilities. Open shelves and deep cubbies not only help break up a visually massive piece of solid-walnut furniture but also provide neat pigeonholes for magazines and attractive display space for silverware, ceramics, and wickerwork. Photograph: Tony Soluri Photography

4. Under-stair storage

The wedge-shape void beneath a staircase is often underutilized real estate in multilevel residences. Specht Architects makes the most of this no-man’s-land in a tiny New York loft with a triangle of custom built-in cupboards and drawers. Exquisitely calibrated to use the maximum available space, the storage wall also creates an almost sculptural work of decorative design. Photograph: Taggart Sorensen

5. Built-in wine storage

The space at the top of a staircase can be almost as problematic as the underside. In remodeling an Omaha, Nebraska house, Steven Ginn Architects and designer Marilyn Offut use custom hardwood shelving, cabinets, and wine-storage system to create a welcoming and practical cellar in what otherwise could be a wasted nook. Photograph: Kessler Photography

6. Mud room built-ins

Making the most of this Denver, Colorado mudroom’s generous dimensions, Terra Firma Custom Homes has provided separate alder cubbies for each member of a family. While all share a bench for taking off boots, there are individual under-seat recesses for storing damp footwear, hooks for outdoor clothing, and wire-mesh-fronted lockers for personal items. Photograph: Kimberly Gavin PhotographyVisit

www.hardwoodinfo.com

for more about built-in storage with American hardwoods.

#home improvement

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antoineproulxllc · 4 years ago

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Mark Gould Architect Product: DT-86 Dining Table through @dennismillernyc @nydc #dining #table #apdt86rnd #furniture #contemporary #modern #antoineproulxfurniture #interiors #interiordesign #home #decor #design #diningroom (at Chappaqua, New York) https://www.instagram.com/p/CIyR9NeJ8XD/?igshid=162ra75ub3ilk

#dining #table #apdt86rnd #furniture #contemporary #modern #antoineproulxfurniture #interiors #interiordesign #home #decor #design #diningroom

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adambstingus · 6 years ago

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The Clintons of Chappaqua: it’s Hillary’s home turf, but Bill still shines

Interviews with residents of Hillary Clintons adopted home town suggest that while she will garner most votes here on 19 April, and the email scandal is a non-issue, her husband remains a star whose light is difficult to eclipse

An unmistakeable tall, lean 69-year-old man on Wednesday made his way past Coloring Books for Grown-Ups to the check-out at Scattered Books. Bill Clinton bought journalist Anderson Coopers memoir The Rainbow Comes and Goes for himself and a thriller, Fool Me Once by Harlan Coben, for a friend. But he couldnt leave it at that.

I thought, Oh my god! Bill Clinton just came in and said, I love this store, says Laura Scott Schaefer, a childrens author who opened the independent bookshop six months ago. Im going to faint!

Laura Scott Schaefer, owner of Scattered Books. Photograph: Lauren Caulk for the Guardian

The story is a typical one in Chappaqua, the woodsy hamlet north of New York City that became Bill and Hillary Clintons adopted home in 1999 and where the private email server she used as secretary of state is under investigation by the FBI. It is here that the Clintons will cast their vote in an increasingly fraught Democratic primary election that finds New York, regarded by many as the greatest city in the world, in a new role at the centre of the political universe.

Hillarys dogged Democratic rival Bernie Sanders grew up in Brooklyn and her likely general election opponent, Donald Trump, made billions in Manhattan. Chicago-born Hillary served two terms as New York senator and is said to be a model neighbor in quietly prosperous Chappaqua. But interviews with local residents suggest that while she will garner most votes here on 19 April, and the emails are dismissed as a non-issue, her husband remains a star whose light is difficult to eclipse.

Bill has been campaigning hard for his wife and was back in the spotlight this week when he clashed with Black Lives Matter protesters in Philadelphia over his 1994 crime bill. In largely white Chappaqua, many tell anecdotes of him walking into Starbucks (decaffeinated coffee or, on hot afternoons, decaffeinated tea) and holding court for an hour or more on the politics of the day or reliving issues of presidency, almost as if he never left the White House. One florist recalled how, a day after the terrorist attacks in Paris, Bill stopped by and talked about how he had been tracking Osama Bin Laden before 9/11.

Hillary is often seen out shopping too, never displaying airs and graces, always unfailingly polite and accommodating to photograph seekers. Her hairdresser of choice, Santa Nikkels, turned up in her publicly released emails. But last month she admitted: I am not a natural politician, in case you havent noticed, like my husband or President Obama.

Hillary Clinton in front of the Chappaqua house in November 1999, shortly after the Clintons bought the home. Photograph: Stephen Chernin/AP

Stan Amberg, 81, a retired lawyer, recalled sitting with his coffee and newspaper at Langes Little Store, a homely deli where the Clintons often take breakfast away in brown paper bags. He came over and said: My names Bill, mind if have coffee with you? Hes very approachable and he loves kids. He gets down on his knees and talks eye to eye with them. She cant do that; she has this issue with engaging. I dont know if its an inherent problem with her personality.

Once, at a local school, he said, the Clintons were faced with a huge queue of school children waiting for the presidents autograph. She was nudging him: Bill, weve got to go. He wouldnt budge until he signed every last autograph. You get the difference.

On another occasion, Bill, a vegan, was dining with friends at another favorite, the French bistro Le Jardin Du Roi. Amberg said: A lady leans over and says, Mr President, how come you werent able to work things out with Yasser Arafat at Camp David? The waiters stopped. The restaurant ceased to move. He turned his head and said: I thought Arafat was having a nervous breakdown. He couldnt concentrate. He wouldnt give a straight answer. I thought wow, he had no qualms talking about it.

…

Founded by Quakers in the 1730s, Chappaqua derived from the Native Indian name Shepequa, meaning a place where nothing is heard but the rustling of wind in the leaves sits in the wooded suburbs of Westchester County. It was previously home to Horace Greeley, the founder and first editor of the once mighty New York Herald Tribune and losing presidential candidate.

Chappaqua is unquestionably well off by American or world standards, and will do little to dispel critics portrayal of Hillary as an establishment figure. But the wealth does not ooze from every pore and is more understated than in Greenwich, just 13 miles from here in Connecticut, home to hedge-fund executives, Wall Street bankers and the Bush political dynasty.

Grace Bennett, publisher of Inside Chappaqua magazine, who has interviewed Hillary and travelled with her on an official trip to Africa, said: Its a caring town. Yes, theres affluence here but you dont have a lot of the ladies who lunch and play tennis. Theres a lot of intelligence running through it. Its an extension of the city: a lot of people moved here from there.

In an open letter to the Clintons published by the New York Times in 1999, Timothy Jack Ward wrote: The friendliness here has an edge to it. Ours are reinvented personalities, hardened by jobs in Manhattan. However bucolic our little hamlet might appear, many people drive their lives the way they do their jumbo-size expeditions, with a peculiar aggression, a hyper-busyness, that takes some getting used to.

The Clintons 11-room Dutch colonial home, which cost them $1.7m, was built in 1905-06 by architect Alfred Busselle for his own use. Gray Williams, 83, who is Hillarys go-to guy for local historical information, said it had particular appeal because it came with a separate barn that could accommodate the secret service. It isnt very fancy, he noted. It isnt a McMansion.

The house also contrasts sharply with Trumps extravagant gilded age residence, Mar-a-Lago, in Palm Beach, Florida. Set at the end of a cul-de-sac, a gambrel roof, old stone chimney and tall trees peep above a high white fence and guard house. Outside sits a Hillary placard: still the only political poster visible in the whole of Chappaqua, although it it not thought to have been planted by the candidate herself.

Hillary and then president Bill greet residents in Chappaqua, on the way to the airport in 2000. Photograph: Francis Specker/AP

The gregarious Clintons and their daughter Chelsea have been embraced by Chappaqua and it is hard to find anyone with a bad word to say about them, still less any whiff of scandal around the former president who threatened his legacy by having an affair with White House intern Monica Lewinsky.

Schaefer, 44, of Scattered Books, which sells both Bills and Hillarys memoirs as well as the parody Trump Coloring Book, said: Other customers are respectful. Theres the usual moment of silence and then everybody goes back to their business. The Clintons agree to a photo and then go back to their shopping. Ive never met smarter people in my life. I wouldnt want to go up against them at Jeopardy.

Politics is taken very seriously here, she argued, and that will benefit Hillary rather than the superficial bluster of Trump, who owns a golf club in nearby Briarcliff Manor.

Few here believe that the name of Chappaqua will become infamous as the location of Hillarys private email server, which she admits was a mistake but denies was a serious breach of national security. Schaefer added: Its pretty much dismissed as a distraction. People care about real things, and there are more serious things going on than someones email chain.

This is Democratic establishment territory where Hillary can expect to do well at the ballot box. Roger Fox, Westchester County volunteer field director for the Sanders campaign, acknowledged that median incomes stand at $105,000 and many people work in the financial sector, but said a hundred Sanders supporters plan to knock on doors on 16 April.

My sense is shes going to have to defend her home town, her county, her state or she might lose, he said. Westchester County is a bellwether: as Westchester goes, so does New York state. I feel like its tightening. If we get down to single digits [in the polls], our superior ground game could deliver.

Town sign in Chappaqua. Photograph: Lauren Caulk for the Guardian

Can we carry Chappaqua? That is a tough nut to crack. On 16 April were going to invade Chappaqua. Maybe thats our Normandy.

But the only Sanders supporter the Guardian could find this week was a visitor from Brooklyn. Long-time residents were loyal to the former secretary of state. Bob Coulombe, a veteran of the New York Air Guard, said: She is the best qualified. She has exceptional experience in so many ways. She is also an extremely bright woman. Breaking the glass ceiling at this point in our history is important and who better to do that?

Bernie Sanders came out of the woodwork and hit a note and its one note. Thats his tune and its healthy that hes making Hillary work for it, but we are electing an incredibly important person. Personally I think his positions on a lot of things are not realistic.

…

In 2014, when a bridge was renamed in honour of a local dry cleaners soldier killed in Afghanistan, Hillary was present at the ceremony. Coulombe, 72, said he has been grand martial at the annual memorial day parade and Hillary marks her calendar specially to make sure she does not miss it. He told how the Clintons also support the local ambulance corps, doing things that are not political, are neighbourly. On one occasion, he said, some volunteers from Bills native Arkansas were in town and the former president said over the phone: Do they like beer? Bring them over.

Yet is seems while Hillary is well-liked, her husband is loved. Bill took long walks here after his quadruple heart bypass surgery in 2005 and often stopped to chat. In Family Britches, an upmarket tailor, the old charmers most recent purchase was a $150 green sweater for the wintry campaign trail in Iowa, according to co-owner Barry Mishkin. He talked to people here for an hour and a half about the issues of the day, the 69-year-old said. It was fascinating. Hes a consummate gentleman.

Bills ongoing fascination with politics raises questions over how he handle the role of first husband and whether he could resist voicing opinions at every turn. Yet some believe Hillarys social skills are underrated, especially her sense of humour. Lore has it that soon after moving to Chappaqua, she found herself being stared at in a market and finally turned around and said: Well, I have to eat too!

Eileen Josefs, 50, manager of Petticoat Lane, a boutique department store where the Clintons buy gifts for their granddaughter, said when Clinton was weighing up a run for the White House, she said of the stores owner: Do I play tennis with Phyllis or do I run for president?

And Bennett of Inside Chappaqua, showing iPhone footage of Hillary dancing with South African politicians, concurred: The one thing I got from my trip to Africa is she has a great sense of humour. I can imagine getting a few lady friends together and smuggling her out to a nightclub.

Contemplating that scene, she mused: Sometimes I feel sorry for her. Shes such a regular person. I wish she could let her hair down and be a regular person. I think she enjoys those girlfriend moments.

from All Of Beer http://allofbeer.com/the-clintons-of-chappaqua-its-hillarys-home-turf-but-bill-still-shines/ from All of Beer https://allofbeercom.tumblr.com/post/176351304727

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allofbeercom · 6 years ago

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The Clintons of Chappaqua: it’s Hillary’s home turf, but Bill still shines

I thought, Oh my god! Bill Clinton just came in and said, I love this store, says Laura Scott Schaefer, a childrens author who opened the independent bookshop six months ago. Im going to faint!

Laura Scott Schaefer, owner of Scattered Books. Photograph: Lauren Caulk for the Guardian

Hillary Clinton in front of the Chappaqua house in November 1999, shortly after the Clintons bought the home. Photograph: Stephen Chernin/AP

. . .

Hillary and then president Bill greet residents in Chappaqua, on the way to the airport in 2000. Photograph: Francis Specker/AP

Politics is taken very seriously here, she argued, and that will benefit Hillary rather than the superficial bluster of Trump, who owns a golf club in nearby Briarcliff Manor.

Town sign in Chappaqua. Photograph: Lauren Caulk for the Guardian

Can we carry Chappaqua? That is a tough nut to crack. On 16 April were going to invade Chappaqua. Maybe thats our Normandy.

. . .

from All Of Beer http://allofbeer.com/the-clintons-of-chappaqua-its-hillarys-home-turf-but-bill-still-shines/

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taniasinel · 8 years ago

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La Lanternes For Sale!

First, a thank you to designer Penelope Bianchi who was kind enough to send me this listing!!

Over the years many stories have been written by various bloggers (including moi) about the architecturally important manse “Pavillon de La Lanterne” – the 18th century hunting lodge located in Versailles Park in France. This romantic house consists of one main wing, long and one room deep, which makes it an enfilade – meaning each room connects to another in a straight line, without the presence of halls. You can stand at one end of the house and look each the rooms to the end of the wing.

Further, the name “La Lanterne” comes from the fact that the house is considered see through - being that you can stand outside the front of the house and see straight through to the back yard. The house is particularly alluring at night, when lit up.

Called “The Bachelor of France” and the “Secret Place of the Republic” – La Lanterne has not been properly photographed in decades. A huge thank you to architect/blogger Stefan Hurray for this photograph taken from his 1920’s book. This is the best photograph of the house available today – and it almost 100 years old.

The house on the Versailles grounds is hidden behind two fences and the air above it restricted, further limiting photographs.

Over the years, many architects have used La Lanterne as inspiration when designing large, custom houses. There are several of these La Lanterne inspired houses in the states and bloggers have written about many of them.

Some of these La Lanterne inspired houses are listed on the National Registry of Historic Houses and are found in books on architecture. When these houses happen to come up for sale, their association with La Lanterne is used as a selling point.

A few years ago, one of the most lauded La Lanterne inspired houses was sold – the David Adler designed house for Carolyn Morse Ely, built in Illinois.

The Carolyn Morse Ely House in Illinois, above, designed by David Adler, is a wonderful example of a La Lanterne inspired house. Notice how closely this house resembles the La Lanterne house. This house was recently sold and it was thrilling to see inside the house after reading about it for decades.

The living room in the Carolyn Morse Ely House by David Adler.

And here, is a second much lauded La Lanterne inspired house built in the United States in 1931. Known as Ker Arvor, the house was designed by Russell & Clinton of New York for Snowden Andrews Fahnestock (1886-1962).

The house is now listed for sale and photographs of it are online.

The house is listed on the National Registry of Historic Places and was featured in Country Life Magazine in 1935. Its current houses totally renovated the house adding 18th century floors, European hardware, and handpainted wallpaper which was recreated from the original papers. It is located on 9.1 acres on Harrison Avenue in Newport, Rhode Island. The house is an amazing recreation of La Lanterne – except for the bright white stucco, as noted by famed blogger Down East Dilettante !

The back of the house with the covered terrace that overlooks the large yard.

Another view – here showing the swimming pool.

The terrace with porteries that block the wind and shade the sun.

Looking out towards the property.

Another view of the flagstone terrace.

There is a large French inspired garden past the pool.

The garden with sculpted boxwoods.

At the end of the box garden is the fountain that creates the symmetric design.

Close up of the front facade showing the wing – which is not a copy of the original La Lanterne wing.

Twin box flank a French window – on each side of the facade.

The large entry with marble floors accented with cabachon. This is the same floor found the entry of the Versailles La Lanterne. The house is furnished in French design with lots of antiques.

At the left is the large living room with the Versailles patterned parquet floor. I love the living room!!! It’s so warm and inviting!! A true Lanterne – there are windows on both sides of the living room – so that the front and back lawn are seen from here.

A view of the front windows. Love the French table and stool. Love the wallpaper and the window treatments. AND, I adore the shelves!!!

Along the back wall is another sitting area with antique French stools and a beautiful antique painting.

The dining room has gorgeous Oriental wallpaper.

Another view.

The paneled library with blue and white dishes and fabrics.

The marble mantel. Such a pretty vignette in the library.

Behind the sofa is the console table and card table.

The wet bar with the large painted French cabinet. Through the door is the card room.

The card room with the Pompeian prints on the faux stone walls.

The kitchen. The house looks like it was probably decorated in the early 2000s. It needs a update – mostly in the kitchen, but I wouldn’t change too much else myself.

The breakfast room with the bakers rack.

The master sitting room. Love the paintings and prints.

The master bedroom – love this vignette!!!! This house makes me miss seeing this kind of decor more! Today, it’s trendy for nothing to match. I miss seeing things that look so good together!!! Love the mirror and the potted trees.

The master bedroom with the chintz fabric.

Well, this armoire needs help. But I like the paneling in this room. And I love the pink rug!

The guest room with twin beds and Starke sisal rug. Very classic and pretty!

Another view – love this sitting area with the fireplace.

Powder room.

The stairway

Upstairs are a series of guest rooms.

Another one.

And this one – which I like. Love the fireplace and the doors.

The New York Social Diary posted a few photos from a party held at the house, Ker Avror, which shows it in a bit of a less formal light. HERE. Here some partygoers at the front door – you can see the lantern effect here – the front door looks all the way through the house to the backyard.

And here, in the foyer – with the signature oval paintings.

It was such a thrill to be able to tour Ker Avror after reading about it all these years! And what is such fun is it’s not the only La Lanterne inspired house for sale.

Another French charmer is located in Chappaqua, New York. If that sounds familiar, it’s because that is where Hillary Clinton lives!! Wonder if this is her house?

It’s not.

But – it is another house inspired by La Lanterne of Versailles. This house is on 3.7 acres and is 7600 sq. feet. It was built in 1971 and has 6 bedrooms and 8 bathrooms!

The front facade is a very good inspiration. The facade has the same number of windows and is a correct adaption of the Versailles Lanterne. The only complaint is the roofline above the front section is wrong. Also, the the trim is a bit much – it adds a fussy detail that the simple La Lanterne avoided. And finally, this house doesn’t have the two 1 story wings that the original did and which add so much to the beauty of the house.

The back is another story all together! It totally loses the the La Lanterne criteria and I even wonder why they are using this label to sell the house? The La Lanterne is one room deep with windows on both sides, making the house “transparent.” From the back, you can see that important one-room-deep detail is missing here. Still, the house is pretty enough to give it a look!

Instead of graceful marble, there is tile with black cabochons. Hmmm. I like the graceful line of the staircase.

The living room has twin French sofas and is warm and cozy. The ceilings look like they are 8’ – which is low. A true Lanterne would have taller ceilings – 10’ and more.

The dining room with wallpaper.

The kitchen is really pretty! It looks like it was recently updated.

The family room – looks like it was enlarged which is probably why the Enfilade/La Lanterne details are now missing.

Pretty English style bedroom.

And bath.

Guest room with French canopy.

Basement rec room.

Swimming Pool – which is really pretty.

I’d have to give this house a C- in the La Lantern adaption. The front facade is a good copy, but the rear facade is not a Lanterne at all. Also, there are no single story wings on each side, which is an important part of the design. And, the interior no longer has the rooms with windows on both sides of the room. I’m not sure they should use the La Lanterne label on this house!!

So….

Let’s look at another contender!!

This house one sold already, but it is still on the internet. Located in Bryn Mawr, Pennsylvania, it again uses the La Lanterne label to describe the house. It is located on 5.8 acres and is 14,753sq. ft!!! It has 7 bedrooms and 8.4 bathrooms.

The approach to the house is very much like La Lanterne with the long, tree-lined lane.

The stone posts announce you are getting close!

And like La Lanterne, there are gates that close off the house. This house rates an A+ – on the facade. It has the two one-story wings. The roof line is correct, as are the windows. So far, so good!

Looking from the front door to the front gate with the French knot garden in the courtyard. Very La Lanterne.

The front hall is pure French with winding staircase. The only thing missing is the stone pavers.

Love this hallway.

The living room in green and hot pink. This room gets an A+ because it has windows on both sides of the room, making it a true La Lanterne design.

Same with the dining room.

The bar/library with the piano. OK. This is a great room to have a few drinks in!!!

The game room. True La Lanterne with windows on both sides.

At the corner of the house and the wing is this curved study.

The master bedroom. Hard to tell if the windows are on both sides here?

The grounds are large and very wooded and right nearby the Philadelphia Country Club. Here is a small pond on the estate.

The back of the house retains the La Lanterne design – so I give this house a B.

OK, OK – it’s not on the caliber of the Carolyn Morse Ely house!! But it’s a good copy of a Lanterne.

Do you know of another La Lanterne House????? Send me the address!!

What about the real La Lanterne????

La Lanterne sits on the Versailles property, off the street behind a picket fence and down a tree lined lane, and behind a stone wall. It’s impossible to just drive by it.

A tennis court and swimming pool were added by one Prime Minister.

A view of the house with the wings and the stone wall behind it. The guards rooms are in the right wing and the kitchen and staff is on the left wing.

Off the street is this gatehouse where the guards stand watch.

You would think they would replace this old fence or at least paint it!

Down the long lane you come to the stucco wall. It’s almost impossible to get a full photograph of the house.

Getting ready for a press conference.

As I wrote before, the house is so secluded, there are hardly any photographs of the house. It is used by the French Prime Minsters and Presidents as a weekend getaway and a summer vacation house, sort of like the French Camp David, except it is on the grounds of Versailles. Awwww… Poor French!!!

The house was built in the 17th century and was said to be a hunting lodge used by King Louis XVI. But it is also claimed that the house was given by Louis XV to the Duke of Mouchy who was governor of Versailles. OR, was it built in 1787 for the prince de Poix, Louis XVI's chief bodyguard? Three versions of the origins of the estate – take your pick!!!

Stefan Hurray, architect and fabulous blogger of Architect Design – got this book from the 1920s about houses at Versailles, where La Lanterne was a chapter – including rare, very, very rare photos of the house! A huge thank you to Stefan! Read more of his story HERE

La Lanterne in the 1920s – before the invasive tennis court and swimming pool were built. Look how gorgeous it is in its simplicity. The simple garden, the symmetry, the gravel court. Perfection!!! Just beautiful!

The layout: There is an entry with a dining room at its right and an office, living room, and lounge at its left. Upstairs are five bedrooms with bathrooms. At the left wing is another living room plus the guards rooms. The right wing – is where the kitchen is and the service rooms. The old stables is now a garage. The house is much loved by the Prime Ministers and Presidents who use it. It is said to have one of the best wine cellars in all of France!!!

The stairs and the marble floor with cabochons. There are no photos of the house as it is today, but I’m willing to bet the stairs look exactly the same. Is that the dining room to the right?

The molding, the bench. And notice above the bench – is that a plan for La Lanterne? Is this part of the foyer?

It looks like this plan of La Lanterne!!! Wow!!

The dining room. The stove. The chandelier. The table. The cane chairs!!! Amazing!

And the study that looks into another living room, via the enfilade. Love the chair, of course, and the mantel.

In the early 20th century, La Lanterne was rented out to American millionaires with the hope that they would pay to restore the house, which a few did at their own expense.

De Gaulle set aside the manse for Prime Ministers in 1959 and first Michel Debré moved in in 1959. At that time, La Lanterne was in need of a total restoration which Debre and his wife Anne-Marie undertook, guided by the curator of Versailles. It was furnished using antiques owned by the government. In 1962, Georges Pompidou, appointed Prime Minister, did not want use La Lanterne and he had his Minister of Culture, André Malraux, move in, where he stayed for seven years. Malraux was depressed and an alcoholic who was obsessed with the decor, which he worked on with help from Jean Coural.

There are so few photos of La Lanterne. Here is one on the grounds with de Gaulle’s Minister of Culture, author Andre’ Malraux. He was a close friend of Jacqueline Kennedy.

A rare photograph inside the house! When Malraux left La Lanterne, he moved into his companion’s house, below:

Andre’ Malraux moved into writer Louise de Vilmorin’s house, Verrieres-Le-Buisson, in France. She let him use a room which he turned into his study.

There is this one photo from La Lanterne – notice the paneling has been painted. Is this the same corner as seen above in the dining room in the 1920 photograph? It looks very much the same to me?!!? PM Michel Rocard in 1990.

It was Michel Rocard who added the tennis court and swimming pool, which I think totally ruined the estate! He should have placed the tennis courts further away from the house, instead of being right next to one of its wings. The total amount of the work was 2.9 million francs. "Not one of my successors has written to thank me” Rocard later complained. After Rocard, PM Edourd Balladur spent a lot of time of La Lanterne. When his dog died, he even buried him there – but after his term was over, he dug up the dog so that he could rebury him at his own chalet!!!!

Carla Bruni and President Sarkozy spent their honeymoon here and later, their baby went for a stroll.

President Nicolas Sarkozy took the keys over from the Prime Minister – and he frequently used the house, including on his honeymoon to the model Carla Bruni and photos of them walking with their newborn around Versailles were splashed in the tabloids.

But, Francois Hollande is the President who got into a bit of trouble at La Lanterne. His First Lady was his girlfriend – they were not married. At one point, Hollande invited an actress, Julie Gayet, to La Lanterne and they were photographed by the paparazzi, who took the photos through a well-known hole in the fence. It was said that Hollande knew about the hole and it was also said that one can easily step around the hole and not be photographed. Did he want his First Lady to find out about his new younger girlfriend? Was the First Lady set up? Many in France thought so and Hollande’s popularity suffered. His First Lady ended up in a hospital for a week, in shock over the photos. Later, after recuperating at La Lanterne, she was quietly stripped of her title and disappeared from Hollande’s life and the official web site.

Here is one of the photos of Hollande and his new girlfriend at the estate. His opponents loudly proclaimed Hollande should give the keys back to the Prime Minister because of the scandal. The Prime Minister and the President are in a constant tug of war over the keys to La Lanterne. I suppose it’s the lure of that wine cellar!

Today, the French have a new President with his own love story. It’s a May-December love affair but it’s the husband who is younger than the wife, exactly the same number of years as our own President and Melania! The French seem to be fine with it all!!!

The new French President Emmanuel Macron and his wife, Brigitte. Brigitte now denies she was ever Emmanuel’s teacher. Only the French!!

No word if they are going to be using La Lanterne or if they will return the keys to the Prime Minister!

from COTE DE TEXAS http://cotedetexas.blogspot.com/2017/05/la-lanternes-for-sale.html

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