One of the great things about being a billionaire is that you never have to worry about that pesky recession. NYC Mayor Michael Bloomberg, whose city is dealing with persistent 9+% unemployment, has written an eensy $20 million check for an 11-bedroom, 8-bathroom, 22,000-square-foot historic mansion on 35 acres in Southampton. That amounts to less than 1/100 of 1 percent of Bloomie's's net value, as the nation's 13th wealthiest man.
With the appropriately prissy name Ballyshear Estate, the property, built in 1910, has a pool, tennis courts, horse stables and natural woodland, overlooking the Peconic Bay. It's also surrounded by swanky members-only golf courses.
According to the Douglas Elliman site, "the elegance of another era awaits you. The gentle, winding half mile approach recalls the English countryside in its massive tree plantings, rolling lawns, grazing horses and the grand Georgian mansion in the distance." It's a closet queen's dream!
No word on whether it's already posted with "No Smoking" signs on every door, window, entrance, exit, plumbing fixture, fence post and the like.
Bloomberg already owns a Vail, Colo., condo, Bermuda bungalow and Upper East Side townhouse. Thank heavens he finally has a horse stable.
The good news: At least this likely means Bloomberg's not going to buy a fourth term as NYC mayor. God knows he's done enough damage in the past nine years.