ByChase Peterson-Withorn,
Forbes Staff.
On
January 8th, an anonymous buyer shelled out $21 million for a 5,000-square-foot luxury penthouse at the swank Summit Club just outside Las Vegas, the most ever paid for a condo in the area. The buyer was longtime Los Angeles billionaire Don Hankey, who tells Forbes exclusively that the reason behind his high-price purchase was California’s new proposed 5% billionaire wealth tax.
“It’s ridiculous,” says Hankey, phoning from his new digs in the Silver State. “We've already lost a lot of wealthy people and a lot of good companies that have been moving out of California. This is just going to continue the trend.”
