Chairman and Chief executive of multinational financial corporation JPMorgan Chase, Jamie Dimon, has purchased office space on the ground floor of a Manhattan Park Avenue building for $2.05 million.
Dimon and his wife own a grand residence on the 16th floor of the 1185 Park Avenue building where they have been living since 2004. The brand new purchase makes Dimon the owner of two commercial co-op units #1C and #1D, reports The Real Deal.
The office units previously belonged to two cardiologists, Stephen Marks and George Ellis. Dimon and his wife Judy closed the purchase deal on Mach 22, 2013, reports Bloomberg.
The units combined, span an area of 2577 square feet comprising of 12 rooms and two full and one half bathrooms. The place was listed for sale sometime in Oct. 2012 asking for 42.4 million. However, it looks like Dimon snagged it up for a discount.
Apparently, the units can be used as offices or as residential space as well. It is not clear what Dimon and Judy are planning to do with it.
The amount paid for the co-ops is no big deal for the banker. According to Celebrity Net Worth, Dimon's worth is estimated to be around $400 million. His annual salary is around $27.5 million. In 2012, Dimon's pay was cut by 50 percent after his involvement in the famous London Whale Trading Controversy.
However, JPMorgan Chase profited the most under the leadership of Dimon. Currently, major shareholders and board members of the company are planning to split the chairmanship and CEO position, which might strip Dimon of either of his responsibilities. The members will meet and decide in their next annual board meeting.
"As we approach our annual meeting, we are conducting our normal shareholder outreach program, which offers an opportunity to review company matters with investors and which sometimes includes conversations with directors," Joe Evangelisti, a JPMorgan spokesman, said in an interview with the New York Times.
