Ron Baron, founder of the investment company bearing his name, didn't hesitate to pay $103 million for a 40-acre parcel in East Hampton, N.Y. It was the record for a residential property in the United States and just a little less than double the annual compensation of some of his neighbors. -
For the Hamptons, a New Peak For Prices in an Ocean of Cash
Ron Baron, founder of the investment company bearing his name, didn't hesitate to pay $103 million for a 40-acre parcel in East Hampton, N.Y. It was the record for a residential property in the United States and just a little less than double the annual compensation of some of his neighbors.-
By Kathleen M. Howley