Title: The Seemingly Bottomless Wallet of Rupert Murdoch Rupert Murdoch, the media mogul and billionaire, has done it again. He has added yet another New York City property to his already impressive real estate portfolio. The $35.2 million bachelor pad on Central Park South is one of the largest sales in the city for the month of May, and he reportedly paid above the asking price. This should come as no surprise considering Murdoch's reputation for his seemingly bottomless wallet. It's not just the exuberant price tag that makes this purchase noteworthy. Murdoch's purchase comes at a time when New York City's luxury real estate market has been seeing a slump in sales. As prices decrease, Murdoch is capitalizing on the opportunity to snatch up prime properties at lower prices than a few years ago. This isn't the first time Murdoch has made a splash in the real estate game. In 2014, he purchased a triplex penthouse on Fifth Avenue for $57.25 million, and in 2015, he picked up the top four floors of a luxury tower on Madison Avenue for $72 million. While some may view Murdoch's real estate acquisitions as an extravagant way to flaunt his wealth, his purchases also hold significant power. As the owner of major media outlets, such as Fox News and The Wall Street Journal, Murdoch has the ability to influence public opinion and shape political discourse. Owning property in key locations can also provide him with significant leverage and influence in the world of New York City politics. In the end, it seems there is no stopping Rupert Murdoch in his real estate pursuits. His vast wealth and power allow him to make such purchases with ease, leaving the rest of us to shake our heads in disbelief. But one thing is for sure: as long as the real estate market continues to offer prime opportunities, we can expect Murdoch to keep adding to his impressive portfolio. The $35.2 million purchase on Central Park South was among New York City's largest sales in May. The biggest was a townhouse that sold for $41 million on the Upper East Side.
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