Posted on 07/22/2008 8:08:47 AM PDT by NativeNewYorker
Al Gore's eldest daughter Karenna Gore Schiff and her husband sold an Upper East Side co-op apartment for $6.35 million to a top executive at the beauty company Estee Lauder.
Gore Schiff, a writer and attorney, and her husband Andrew Schiff, a biotech venture capitalist with Aisling Capital, sold the unit at 137 East 66th Street to Fabrizio Freda, Estee Lauder's chief operating officer, according to property records published today.
The four-bedroom, 4,000-square-foot apartment in Lennox Hill was listed on StreetEasy.com for $6.99 million.
The apartment also includes two separate maids rooms, which were being used as a gym and guest room, the listing said.
“... her husband Andrew Schiff, a biotech venture capitalist....”
No doubt, heavily invested in embryonic stem-cell research, aka baby harvesting.
Let me guess... they’re moving to a much smaller place to reduce global warming....
Good for her. Wonder what she paid for it?
That type of apartment in that neighborhood has been appreciating about 8% a year for more than a decade.
Now if Gore himself could just find a buyer for that bridge he’s been trying to sell....
Her husband’s great-grandfather bankrolled Lenin. Jacob Schiff was a German-born New York City banker who helped finance the Russian Revolution. Apples not falling far from trees....
Fitty cents!
I wonder if she’s going to get one of Charlie Rangel’s sublets?
Like a good liberal, I am sure she will show that her words are more than rhetoric, and will give most of the money to charity. [/s]
I thought her husband was a medical doctor. Maybe his bedside manner was lousy.
I don’t know that that is true about Jacob Schiff, although Kuhn Loeb was in the business of loaning money to various countries. And if it is, so what? Jacob Schiff also loaned $200 million to the Japanese in the Russo-Japanese War. He didn’t like the Tsar because of all the pogroms. And before his death in 1920, he had become opposed to aiding the Soviet government.
According to a 1999 article in the New York Observer, she paid around $2.5 million for it then.
This is hardly a newsflash or a supposition about Jacob Schiff. No one denies it, not even his descendants. And I hardly need to point out that 19th century pogroms certainly were not limited to Russia. According to the Knickerbocker Column in the New York Journal American on February 3, 1949: “Today it is estimated by Jacob’s grandson, John Schiff, that the old man sank about $20,000,000 for the final triumph of Bolshevism in Russia.” If he died in 1920, he must have had remarkable insight into the nature of the Bolshevik (not Soviet at that point) state to have “turned against it.” But that’s their story and they’re stickin’ to it.
Not bad.
I am sure that Kuhn Loeb loaned the Bolsheviks money, but they surely had a variety of sources for loans, so I do not know about “bankrolled”. According to his wikipedia biography, he originally favored Kerensky and had changed his mind about loaning to the Bolsheviks before his death. Pogroms were not limited to Russia, but the Russian empire (including their part of Poland, Lithuania, etc.) was doubtless the worst country for anti-Jewish pogroms in the late 19th/early 20th century. Jacob Schiff, being the biggest Jewish philanthropist, had a long history of opposing the tsarist government.
Yeah, the Schiffs did OK. It is probably a nice apartment; the drawback is that it is in the middle of Hunter College
Also, Jacob Schiff did not personally loan money. He was the head partner of the investment bank Kuhn Loeb, which loaned money. Kuhn Loeb had other partners. It is not as if he gave $20 million of his own capital. He probably gave something like $100 million, the bulk of his wealth, to charity before he died, when the dollar was worth maybe thirty times what it is now.
Well, $20 million during World War I sounds like a pretty nice bankroll, to me. Of course, the Kaiser’s government helped Lenin out, as well, in particular with his travel arrangements. I don’t know why anyone would take exception to the assertion that Jacob Schiff bankrolled Lenin and the Bolsheviks. And sadly, it turned out the anti-Semitism in Russia transcended tsarist rule. Jacob Schiff helped the unfortunate Russian people convert from their original, Russian home-grown, Russian Orthodox Christian form of tyranny to a worse — because it was more efficent — form of tyranny devised by godless foreigners. The only constant in this equation has been the anti-Semitism. You haven’t been a member of this forum very long, have you?
You basically suggested that Jacob Schiff is personally responsible for the USSR. A little bit, but not really. He managed a bank that loaned money to various countries that did all sorts of things with it. He does not deserve to be vilified. He had his reasons for loaning to the Bolsheviks, which were probably good, he died in 1920, he changed his mind before that, and he did not know the future. Kuhn Loeb must not have been the only bank they did business with. I never implied that antisemitism in Russia ended at the Revolution. I have been on this forum for several months.
He is. He also seems like a bit of an overachiever :)
Andrew N. Schiff, MD
Andrew N. Schiff is an Associate of the Perseus-Soros Biopharmaceutical Fund.
Over the last ten years, Dr. Schiff has practiced internal medicine at The New York Presbyterian Hospital where he serves as an Assistant Professor of Medicine.
He has also been a partner of a family-run investment fund, Kuhn, Loeb & Co., and a consultant for Northwood Ventures, a Long Island, New York based venture group. In these capacities, he has been responsible for identifying investment opportunities and raising additional financing for portfolio companies.
Dr. Schiff serves as director of Adams Laboratories. Dr. Schiff is a member of the Board of Directors of the Deerfield Academy and the Henry Street Settlement of New York. He is also a member of the Board of Zanett Inc. as well as of the Overseers of the Brown University School of Medicine. Dr. Schiff has a B.S. in neuroscience, awarded with honors, from Brown University, a M.D. from Cornell University Medical College and an M.B.A. from Columbia University.
I did not vilify the old devil. I did not suggest anything. I stated facts. Even his family admits he, personally, provided money to Lenin. I am not responsible for your inferences. I do, however, distrust the motives and judgment of some of his descendants, with their “Socialism for thee, capitalism for me” attitude. The reason I mentioned your tenure here is that you seem to be looking for offense when none is meant.
I don’t see how Jacob Schiff’s activities 90 or 100 years ago pertain to Karenna Schiff’s apartment sale. I find it unlikely that he personally loaned money. He would have loaned it through his bank. I am sure that neither of us knows much about the attitudes of his descendants, most of whom are or were private people. Dorothy Schiff, it is true, was a famous outspoken liberal, but she is an exception. Lisa and David Schiff, Andrew’s parents, are Republicans.
He didn’t loan Lenin money, he gave Lenin money. His company loaned money to the Bolsheviks. As I said before, I distrust the judgment of some of his descendants. Dorothy Schiff was another hypocritical lefty of the “Capitalism for me, socialism for thee” mindset that prevailed in New York at the time (and still prevails in many quarters. Ahem). Why do I somehow doubt Andrew Schiff is a Republican? And why do I have serious misgivings about Algore’s daughter’s agenda?
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