Billionaires Steve Wynn and Thomas Peterffy Splash $110M on Historic Aspen Property

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Despite the disgrace that folded around him amidst allegations of sexual misconduct, former Wynn Las Vegas chairman, Steve Wynn, remains firmly seated on a fortune estimated to be around $3.4 billion by Forbes. In a surprising turn of events, this casino magnate has decided to split the eye-watering bill on the first home purchase to break the $100 million mark in the extravagantly luxurious region of Aspen, Colorado.

In an intriguing partnership, Wynn has joined forces with fellow billionaire and online stock trading guru, Thomas Peterffy. Together, they are acquiring a sprawling, 22,000 square-foot compound nestled in the foothills of Aspen’s Red Mountain. This $110 million residence marks another opulent addition to their impressive real estate portfolios.

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The reason behind this joint venture remains as elusive as the origins of the rumors surrounding these two powerhouses. Both billionaires are known to be on friendly terms, and they have even been neighbors in Palm Beach, bringing to mind images of the iconic television series, “The Odd Couple.”

Relinquishing this extravagant property is former Canadian professional hockey player, Patrick Dovigi, who had snapped up this mansion for a cool $72.5 million back in 2021. Now, he’s letting the home pass into new hands, fetching a tidy profit on his initial investment.

Erected in 2006, the extensive 4.5-acre estate houses the main residence and a guesthouse, collectively offering 11 bedrooms, a heated outdoor pool, and a capacious garage. The property is perfectly positioned at the base of Aspen’s Red Mountain, offering breathtaking views of the surrounding landscape.

At 82, Wynn still maintains an impressive control over a real estate portfolio that includes a penthouse apartment in Manhattan, which he listed unsuccessfully for $90 million, and a Beverly Hills mansion, the asking price for which has been slashed by over half from the original $135 million. A Palm Beach abode was also sold by Wynn last year, fetching a handsome amount of $66 million.

The total deal for the Aspen property touches the $127 million mark. However, that astronomical price tag also covers exquisite artworks and other household furnishings included by the sellers, Patrick Dovigi and his wife, the reputed designer Fernanda Dovigi.

Steve Wynn, the founder and former chairman and CEO of Wynn Resorts, made a notable exit from the company in 2018 following multiple allegations of sexual misconduct reported by his former employees to the Wall Street Journal. Further denting his towering reputation, Wynn has conceded to an unyielding ban from Nevada’s gambling industry. Nevertheless, he continues to defend himself vehemently, persistently denying his involvement in any harassment or sexual exploitation.