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Hamptons.com
January 5, 2016

Five Billionaires And The Hamptons

T.J. Clementeby T.J. Clemente
in Real Estate
Home Real Estate

Billionaires and the Hamptons, the phrase flows together as natural as the waves that break all along the south shore beaches. Many times on those very beaches are the mansions of the very rich, who visit only when their busy schedules allow it. With private jet services always available, the very wealthy can be in Aspen, Rome, London, L.A. or Miami on their every whim.

Years back, the LIRR was used to ship out the belongings of wealthy families, like Henry Ford II preparing to spend the summer season in the Hamptons. Gentlemen played golf daily on National Golf Links of America, perhaps waving to the infamous Duke of Windsor, who always played there yearly. But times have changed.

I randomly picked 5 billionaires who champion the Hamptons, but the truth is I could have easily listed 20.

Michael Bloomberg calls “Ballyshear” home in the Hamptons. (Photo: Jimi Celeste/PMC)


1. Michael Bloomberg – Net Worth: $37.2 Billion (Forbes) When in 2010-2011 Michael Bloomberg (73) contracted to acquire (for around $20-plus million) “Ballyshear,” an estate designed by F. Burrill Hoffman Jr. in 1913 for National Golf Links of America founder Charles Blair Macdonald, the former New York City mayor spoke about his actions, saying that after years of quietly declining to be a Hamptons presence, he is now about to make big footprints in the region. But that has been his signature — whatever he does, he seems to do it with a determination to win. He jets all over the world but he can be seen with his children and grandchildren during the Hamptons Classic, every August.

George Soros. (Photo: Patrick McMullan/PatrickMcMullan.com)

2. Ronald Perelman – Net Worth: $14.5 Billion (Forbes) I first personally saw Mr. Perelman (73) lunching at the Blue Parrot in East Hampton with his daughter when I had a part time job there back in 2006. Now he is part owner of the place, however, his rise to billionaire status goes back to his acquisition of Revlon for over $300 million back in the 1980’s along with a host of other blockbuster deals. He purchased “The Creeks,” a mere 40 room home on Georgica Pond, designed in 1899 by the artists Adele and Albert Herter and has renamed it “Pres Choisis” (Creeks in French.) His annual summer party for the Apollo Theater is attended by the likes of Paul McCartney, Bill Clinton, Jon Bon Jovi and so many others who volunteer to play a few songs while Perelman plays the drums. It is usually the party of the summer in the Hamptons.

3. George Soros – Net Worth: $25.5 Billion (Forbes) Mr. Soros has reportedly made most of his fortune trading currencies. He is now 85 years old. His personal estate is in Southampton Village, however there are numerous mansions owned by the extended Soros families. I interviewed him at East Hampton’s Guild Hall for the 2009 Hamptons Institute and his guest was then newcomer to the financial scene, a Harvard professor named Elizabeth Warren (the current United States Senator from Massachusetts). She was amazing!

David Geffen at Lincoln Center’s David Geffen Hall Renaming Ceremony. (Photo: Clint Spaulding/PatrickMcMullan.com)


4. David Geffen – Net Worth: $6.9 Billion (Forbes) David (72) purchased the Hamptons mansion of former Time Warner CEO Steve Ross from Steve’s widow Courtney Sale Ross in 2014 for a reported $50 million. At the time of Geffen’s East End purchase, the neighboring home/estate was owned by Steven Spielberg, who actually bought the property on the urging of the dynamic Steve Ross (who passed away just before the 2000 presidential election). Geffen’s property is just steps from Georgica Beach. He made his fortune by managing talent, buying and founding and selling record labels, and being one of three founders of DreamWorks. I love the story Jackson Browne tells of calling his old friend/boss Geffen after it was announced that Geffen had amassed more than a billion dollars. Mr. Browne said he asked Geffen, “So how does it feel to have over a billion dollars?”

Karlie Kloss with Ralph Lauren at the Polo Ralph Lauren Spring 2015 Collection and Afterparty. (Photo: Patrick McMullan/PatrickMcMullan.com)


5. Ralph Lifshitz (Ralph Lauren) – Net Worth: $6.5 Billion (Forbes) With a presence felt all over the Hamptons, Ralph (76) actually had the nickname Ralphampton after he opened four shops, years back in East Hampton Village. That was before his daughter added her candy shop on Main Street. Although he has an oceanfront home in Montauk where he keeps a good part of his Ferrari collection in the summer, Ralph does not have a shop in Bridgehampton, or Sag Harbor. Yet there’s one on Jobs Lane in Southampton Village. Go figure? Ralph has perhaps defined Hamptons wear for the last 30 years. Have you ever been to a summer party, not just in the Hamptons but almost anywhere, where someone isn’t wearing a classic Ralph Lauren polo? Years back, under the previous ownership of the Blue Parrot Tex Mex place in East Hampton Village, it had out of control crowds on summer weekends. Located behind-yet-next to Ralph’s original shop, sometimes he would personally observe the unruliness with an aide with a clipboard, at midnight. He never looked pleased at what was going on with folks using his garden as a facility. However, I must also state Ralph’s behind the scenes donations to local charities and causes. He is usually in East Hampton most of the summer.

This is just a sample of the sort of billionaires that recreate in the Hamptons. Just a peek! The summer season will be here soon enough. I can’t wait to get my sailboat back out on the forever beautiful Gardiner’s Bay!

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Kristen Stewart And Matt Damon Attend Film Society Of Lincoln Center Luncheon

Kristen Stewart And Matt Damon Attend Film Society Of Lincoln Center Luncheon

  • Sag Harbor resident, actor, writer, and teacher Josh Pais has spent decades exploring what it means to be fully present—on screen and in life. Known for his roles in Joker, Ray Donovan, the original Teenage Mutant Ninja Turtles, and many others, he has more than 150 film and television credits to his name. He has now turned his focus inward with his new memoir, Lose Your Mind: The Path to Creative Invincibility, which was released on September 30, 2025.⁠
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Drawing on his years of experience as founder of the Committed Impulse training method, Josh offers readers a bold invitation to release self-judgment, lean into all feelings, and connect with the spontaneous energy that fuels authentic creativity. His message—both playful and profound—challenges the myth of “good” and “bad” emotions and instead celebrates the full spectrum of human experience.⁠
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Josh will visit Sag Harbor for a reading and book signing this Sunday, October 12th from 4:00–5:30 p.m. at Grenning Gallery (26 Main Street, Sag Harbor). ⁠
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📸: Commune Media⁠
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Read the full interview at Hamptons.com (Link in Bio)⁠
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#hamptons #joshpais #book #sagharbor #author #actor
  • @linamxn at the Sag Harbor Music Festival! @sagharbormusic 

The four day festival kept the music going over 4 days at various stages in Sag Harbor. 

#sagharbormusicfestival #sagharbor #hamptons #livemusic #linamaxine #local
  • Grab your furry friend and take a stroll to Main Beach with ARF!

Check out the Top Hamptons Events This Weekend!

🐾 ARF’s Stroll to the Sea Dog Walk
📅 When: Saturday, October 11, 2025 | 9AM–12PM
📍 Where: Mulford Farm, 10 James Lane, East Hampton, NY

Enjoy vendors, contests, and giveaways before strolling to Main Beach.

🥣 Chowdah Chowdown
📅 When: Saturday, October 11, 2025 | 12PM–3PM
📍 Where: Springs Tavern and Grill, 15 Fort Pond Blvd, East Hampton, NY

All-you-can-eat chowder and soup from 20 local chefs, plus live music and a mocktail bar — all to benefit the Springs Food Pantry!

🍺 SagtoberFest
📅 When: Sat, Oct 11 – Sun, Oct 12, 2025 | 12PM–8PM
📍 Where: Kidd Squid, 11 Spring St, Sag Harbor, NY

Celebrate Oktoberfest Sag Harbor–style! Enjoy bratwurst, pretzels, oysters, pumpkin stew, and live music by Jon Divello, Woody Boley, Greg McMullen & Jake Lear.

🎬 33rd Hamptons International Film Festival
📅 When: Thurs, Oct 9 – Mon, Oct 13, 2025 | 9AM–10PM
📍 Where: Various Locations

The 33rd edition of HIFF brings a world-class lineup of narrative and documentary films, features, and shorts from around the globe. 

🍪 Levain Bakery: Book Talk & Signing
📅 When: Saturday, October 11, 2025 | 12PM–1PM
📍 Where: BookHampton, 41 Main Street, East Hampton, NY

Meet Levain Bakery cofounders Pam Weekes & Connie McDonald and grab their new book.

🌿 26th Annual Long Pond Greenbelt Celebration
📅 When: Saturday, October 11, 2025 | 10AM–1PM
📍 Where: SOFO Museum, 377 Bridgehampton–Sag Harbor Tpk, Bridgehampton, NY

Enjoy games, crafts, guided walks, face painting, and ice cream!

🎉 CMEE’s Big Birthday Bash!
📅 When: Saturday, October 11, 2025 | 10AM–12PM
📍 Where: SOFO, 376 Bridgehampton–Sag Harbor Tpk, Bridgehampton, NY

Join for crafts, treats, dance, and play!

🛋️ Hub Home Grand Opening Party & Open House
📅 When: Friday, October 10, 2025 | 6PM–9PM
📍 Where: HUB Home, 2183 Montauk Hwy, Bridgehampton, NY

Celebrate the grand opening of HUB Home, a curated consignment shop with luxury furnishings, art, and décor.

Check out more events at Hamptons.com (Link in Bio)
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#hamptons #arf #community #stephentalkhouse #dining #hamptonsfilmfestival
  • The 33rd Hamptons International Film Festival kicked off last Friday with the U.S. premiere of A24’s Eternity starring Elizabeth Olsen, Miles Teller, and Callum Turner.⁠
⁠
Elizabeth Olsen attended the premiere on Friday, and on Saturday sat down with IndieWire’s Editorial Director Kate Erbland at the Sag Harbor Cinema as a part of the festival’s “A Conversation With” series. Later that day, the second “A Conversation With” took place as Ethan Hawke and moderator Alison Stewart talked about Blue Moon, as well as Hawke’s filmography. ⁠
⁠
Sydney Sweeney received the festival’s Achievement in Acting Award following the U.S. premiere of her film Christy in East Hampton. ⁠
⁠
Notable Guests included: Alessandro Nivola, Alec Baldwin, Amanda Peet, Tonatiuh, Miriam Shor, Lois Smith, Tim Blake Nelson, Mareille Enos, Bob Balaban, E. Jean Carroll, Roberta Kaplan, Ellen Barkin, Bernie Telsie, Bill Condon.⁠
⁠
📸: Jess Dalene⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#hiff #hamptonsinternationalfilmfestival #film #elizabetholsen #sydneysweeney #hamptons #hamptonsfilm⁠
  • When: Fri, Oct 3rd – Sun, Oct 5th, 2025
8am – 5pm

Where: Levain Bakery, 354 Montauk Hwy, Wainscott, NY

Levain Bakery is introducing a new cookie for a limited time: Peanut Butter Dark Chocolate Chip – a decadent mix of creamy and chunky peanut butter with rich dark chocolate chunks. Originally created to celebrate the opening of Levain’s Beverly Hills Bakery, this indulgent new flavor will now be available for just three days only, October 3–5, at all retail bakery locations.

To make the weekend even sweeter, guests who purchase a cookie will receive a Levain Bakery mini tote (while supplies last), a fan-favorite collectible sure to go quickly.

#levain #levainbakery #cookie #minitote #tote #hamptons
  • From world premieres at the Hamptons International Film Festival to SouthamptonFest! ⁠
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Check out the Top Hamptons Events This Weekend!⁠
⁠
🎬 33rd Hamptons International Film Festival⁠
📅 Oct 3 – 13, 2025 | 9AM – 10PM⁠
📍 Various Locations⁠
A global lineup of films, shorts & documentaries.⁠
⁠
🍪 Levain Bakery⁠
📅 Oct 3 – 5, 2025 | 8AM – 5PM⁠
📍 354 Montauk Hwy, Wainscott⁠
Try the Peanut Butter Dark Chocolate Chip cookie + snag a mini tote (while supplies last).⁠
⁠
🎉 13th Annual SouthamptonFest⁠
📅 Oct 3 – 5, 2025 | 10AM – 7PM⁠
📍 Southampton Village⁠
Arts, culture, food & family fun all weekend long!⁠
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🎶 SpringsFest⁠
📅 Oct 4, 2025⁠
📍 1 Parsons Pl, East Hampton⁠
Live music, raffles, crafts, blacksmith demos & more.⁠
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💃 Salsa Social @ The Clubhouse Hamptons⁠
📅 Oct 4, 2025 | 9PM – 11:30PM⁠
📍 East Hampton⁠
Dance the night away w/ DJ Chile & more!⁠
⁠
🐚 34th Annual Largest Clam Contest⁠
📅 Oct 5, 2025 | 12PM – 3PM⁠
📍 Amagansett Life Saving Station⁠
Taste clam chowder, clam pies & cheer on the winners!⁠
⁠
🎷 East Meets West Jazz Jam Session⁠
📅 Oct 5, 2025 | 2PM – 5PM⁠
📍 Southampton Cultural Center⁠
Free community jazz jam – all are welcome.⁠
⁠
🌕 Full Hunter’s Super Moon Hike⁠
📅 Oct 6, 2025 | 6:30PM – 7:30PM⁠
📍 SOFO Museum Parking Lot⁠
Guided evening hike under the moonlight.⁠
⁠
✨ Which event are you most excited for?⁠
⁠
Check out more events at Hamptons.com (Link in Bio)⁠
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#hamptons #hamptonsinternationalfilfestival #hiff #jazz #fullmoon #hike #film #levainbakery #community
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