Huge LA mega-mansion approaches deadline in a WEEK before seller loses fortune
A California hedge funder is scrambling to sell his sprawling LA mansion before a looming April 1 deadline costs him millions.
Jeffrey Feinberg, the millionaire head of Feinberg Investments and former managing director of George Soros' hedge fund, is facing down a new mansion tax set to be imposed on Los Angeles' lavish real estate market.
The financier is prepared to accept a $6million cut on his extravagant seven-bed, eleven-bathroom property, far less than the $44million he paid just two years ago simply to avoid losing a further $2million when the new tax hits, reports CNBC.
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