Billions for Madoff victims will come from Palm Beach resident

Real Estate Agent with Jupiter homes for sale, Palm Beach Gardens homes for sale,

I frequently write on my blog at about the wealth in this area.  You can see it on display all the time from cars to mega-yachts.


Recently, the estate of a resident in Admirals Cove in Jupiter gave $ 10 million to the Jupiter Medical Center in the largest single gift ever.  The donor had hundreds of millions or more.

And we have big celebrity money here like Tiger Woods and Michael Jordan.  But the big money, the really big money, is on the island of Palm Beach.  And on Palm Beach, the really big money lives on Ocean Blvd..  Folks like Donald Trump and John Lennon and Rush Limbaugh call this stretch of paradise home.  The house Trump sold for $85 million was here as is his Mar-A-Lago mansion and club.

Now, word comes that the estaste of a Madoff victim and Palm Beach resident, Jeff Picower, who drowned in 2009, will be giving $7 BILLION to help make restitution to the victims.  And Picower had nothing to do with the Ponzi scheme.  Now, that's big money.

Comments (1)

Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL


Mr. Picowner is living a generous life, even if he is no longer here to see it.  What a wonderful gift to the victims of Madoff's scam.

Dec 17, 2010 11:44 AM