Hank Greenberg bought a house for $10 million in 2005, but the former CEO didn’t live in it.
Instead, he lived in the family’s home in Miami, according to a new book, “Hank Greenberg: The Man & His People,” by reporter Mark Felt.
Greenberg bought the mansion in 2004 from Sam Simon, his longtime business partner, who died in 2013.
He purchased the home for $1.8 million in 2000, and his son-in-law, Mark Simon, bought the home from Greenberg in 2007.
Greenberg also bought the house from his son, Peter, for $9.9 million in 2001.
Greenberg told the Miami Herald that he “didn’t have a lot of money” in the first two years of his ownership of the home, but he eventually bought a lot.
Greenberg later sold his share of the mansion to Simon’s son, Steve, and Simon sold his stake in Greenberg’s businesses to Simon.
The home is still the primary residence of Greenberg’s family.
Greenberg, who also served as a member of the board of directors for Goldman Sachs, left the company in 2008.
Greenberg died in July 2018 at age 89.
In 2016, Simon bought the Miami-Dade home from his widow and her husband, and Greenberg and his family moved in there.
Greenberg said he “lived in his house for 15 years,” and he said he never thought about buying another home.
“I just lived there,” Greenberg said.
“It’s just a very special place.
I’m a big believer in nature, I think nature is wonderful, but nature doesn’t do everything right.”