jp morgan chase

Jamie Dimon's Slow Seller, Estate of the Day

Filed under: Estates

How does JP Morgan CEO Jamie Dimon live? Quite well, thank you very much. We first checked out his home on Chicago's Gold Coast last year but a new listing offers a deeper look at Dimon's well-decorated environs. His eight-bedroom home was built in 1870 but has been lavishly adapted for the modern executive. The home is spread out over four stories and includes a 900-square-foot rooftop terrace outfitted with ample seating in both sun and shade. There is a second floor master suite, wine vault, an elegant gold and eggplant media room and gym decorated with sports memorabilia and crowned with a starry dome.

Dimon has been the CEO and president of JP Morgan since 2005 and has been an integral part of overseeing the $25 billion in TARP funds that JPMorgan Chase received. He hasn't lived in the Gold Coast home since 2004. He bought the home in 2000 for $4.68 million and originally put it on the market several years ago for $13.5 million. It was at $10.5 million when we checked it out last year but had a price cut earlier this year to $9.5 million. The only property listed for more in the area is Bill Wrigley Jr.'s raw penthouse space.

Gallery: 25 East Banks

Tags: chicago, chicago real estate, estate of the day, illinois real estate, jamie dimon, JP Morgan, jp morgan chase

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Jamie Dimon's Chicago Home On The Market For A Reduced Price

by Deidre Woollard (RSS feed) —

Filed under: Estates

How does JP Morgan CEO Jamie Dimon live? His $10.5 million home on Chicago's Gold Coast offers a hint. The eight-bedroom home was built in 1870 and measures approximately 15,000 square feet over four stories. It includes a 900-square-foot rooftop terrace.

Dimon has been the CEO and president of the company since 2005 and has been an integral part of overseeing the $25 billion in TARP funds that JPMorgan Chase received. He hasn't lived in the Gold Coast home since 2004.

He is asking $10.5 million for the home which puts it at the peak of homes currently listed for sale in Chicago. The home was listed for $13.5 million about two years ago. Back then Berg Properties reported that the home was purchased by Dimon and his wife in 2000 for $4.68 million so he could still make some money on the deal.

[via Cityfile, via Blockshopper]

Gallery: Jamie Dimon in Chicago

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Tags: chicago, gold coast, GoldCoast, jamie dimon, JamieDimon, jp morgan, jp morgan chase, JpMorgan, JpMorganChase

JP Morgan Chase Sues Dutch Museum Over Painting

by Deidre Woollard (RSS feed) —

Filed under: Art

The beautiful painting shown above is now part of a dispute between Amsterdam's Rijksmuseum and JP Morgan Chase. The painting, Gerrit Adriaensz Berckheyde's The Bend in the Herengracht near the Nieuwe Spiegelstraat in Amsterdam (1672), was purchased by the museum from Dutch businessman Louis Reijtenbagh last year. But it turns out that the painting is on a list of art that Reijtenbagh used as collateral to secure a loan. The bank got most of his art collection earlier this month and now wants this painting too. JP Morgan Chase filed a claim in a New York federal court to seize the painting saying that the businessman shouldn't have sold it to the museum if he was using it as loan collateral.

The painting is currently in Washington D.C. It is on loan to the National Gallery through May 3 as part of the exhibition "Pride of Place: Dutch Cityscapes of the Golden Age."

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Tags: amsterdam, art, jp morgan chase, JpMorganChase, painting, Rijksmuseum