Dreamworks co-founder David Geffen is shelling out $54 million for a spectacular Manhattan apartment now owned by almost-a-billionaire songwriter Denise Rich.
As RadarOnline.com previously reported, the Grammy-nominated socialite listed the duplex in January for $65 million.
That was right after she renounced her citizenship in a move that will save her millions in taxes.
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The apartment is a massive 12,000 sq. ft. duplex with a 3,000-plus square foot roof terrace and six smaller terraces all with stunning views of Central Park.
There are seven bedrooms, nine baths, and three — count them! — three kitchens, a gym, and a living room that’s the size of the average house.
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All that will change however. Geffen is reportedly planning two years worth of renovations — essentially gutting the place and starting all over.
The record-exec-turned-movie mogul already has an apartment in the same building, on the floor below, but will reportedly sell that off when he moves into his new unit.
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Geffen’s real estate portfolio also includes a mansion in Beverly Hills, a beachfront home on what’s known as Billionaires Row in Malibu, a second Malibu beachfront compound, and another Big Apple apartment that set him back $31.5 million in 2006.
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