How a billionaire missed his mortgage while building American's largest house

Published: Tuesday, May 8 2012 10:36 a.m. MDT

David Siegel came from humble beginnings but found his way to the top through real estate. Then he crashed. Now he's trying to restart and build the largest house in America. The time-share real-estate pioneer, including Park City's Westgate, has built multiple mansions, is on his third wife, and has over a dozen children. These slides follow his successes and failures, as he became incredibly wealthy, as investors left him, and as he struggled back to find solid footing in business and relationships. sources: Business Week
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Civil
Salt Lake City, UT

"The 66,000 sq. ft. house is currently worth $85 million."

It is for SALE for $85 million. We'll know what it is WORTH once it is sold.

mulrich
Columbia, SC

And according to Zillow (slide 22) the house should rent for $1,217. I'm all over that, where do I sign up?

Midwest Mom
Soldiers Grove, WI

That is one ugly house and nothing like a home.

don17
Temecula, CA

Guess what: Obama's top donors are Financial Firms, Lawyers, Big Pharma, Unions, Universities, (Hmm how does that work?), and different Departments in the Federal Government(including the State Department!). Sounds like PAY TO PLAY TO ME! Good Ol' fashioned Chicago Politics! By the way remember 16 of Obama's 22 top financial/economic advisors all come from Goldman Sach's! As Gomer Pyle would say "Surprise, Surprise", Goldman Sach's has made truck loads of cash with this President!

DSB
Cedar Hills, UT

Regarding "A New Wife," on slide 6 - I must have missed the fairytale where the man of the girl's dreams is 76 years old and 30 years her senior. I guess when you're headlining Florida's Hip and Sophisticated Parents club, you better have your pedigree, ample cleavage, and the biggest house in America to overcome the icky romantic interest and sullen children.

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