Sunday, September 25, 2011

Tax-deadbeat billionaire: Philip Falcone

The New York Post reports:
Philip Falcone controls a billiondollar hedge fund but couldn’t cough up $192,182 to pay the city taxes he owes on his two Upper East Side homes.

Falcone and his wife, Lisa Maria, failed to pay their semiannual tax bill on July 1 and owe a total $201,101 with interest on the two East 67th Street properties, city records show.

The net worth of Harbinger Capital Partners honcho Falcone sank to $2.2 billion from $2.8 billion last year, according to Forbes magazine, which ranked him as the 188th richest American last week. He was No. 124 a year ago.


Philip Falcone had $30,400 for the Democratic Senatorial Campaign Committee in 2009.