An incredible New York real estate deal has let us take a glimpse into just how much money one of Bill Clinton’s closest confidants raked in few of the years, moments it was disclosed that Doug Band snatched up the Manhattan townhouse of the late business tycoon David Rockefeller for a good sum of $20 million.
Band, who has been a Clinton adviser for a longtime, struck the deal for the mansion on the Upper East Side by a limited liability company, two closest people told The Wall Street Journal.
The 9,777 sq ft mansion is located on a sober and calm block between Lexington and Third Avenues, spans across four levels and comprises of eight bedrooms with a library, in addition to six staff rooms.
Built in 1924, the house was originally listed for $32.5 million last June. It also has a wide-spread landscaped garden with “silver birch trees, mature rhododendrons and trimmed moss,” according to a profile of the home by The New York Times.
Rockefeller family bought the house back in 1948, and lived in it for almost seven decades. The home was put for sale on the market last year after Rockefeller, grandson of industrial magnet John D. Rockefeller and once a lifetime CEO of Chase Manhattan Bank, died at 101.
Band, 45, is a part of the Clinton clan for decades. He is among the top Clinton associates at the center of reports suggesting to have used those family connections to beef up business though Band has denied these claims are “ridiculous.”
Band is serving as the president and co-founder of Teneo Holdings, which proclaims to offer intelligence about political risk to corporate CEOs, billionaires and important figure of foreign governments.
This influential firm previously drawn criticism for helping only rich investors to drive advantage of political information, according to an investigation carried out by Fox News.
Decades ago, before Teneo initiative, Band started his career at the White House in 1995 and served as President Clinton’s chief adviser from 2002 to 2012 a crucial time when he was the “key architect of Clinton’s post-Presidency,” according to Teneo’s website.
“Mr. Band has advised several heads of state, governors and mayors transitioning out of public office into private life,” Teneo’s website says. “He was part of the negotiation team that handled all aspects of Hillary Clinton’s becoming Secretary of State.”
Band was the key man who helped the Clintons to build Global Initiative, which was recognized more importantly for its annual glitter gathering of supreme leaders and celebrities from the globe. The CGI laid off 22 employees last year and shut down its office in New York.
When requested, Teneo did not immediately comment on Band’s reported purchase of the mansion.