First Lady Of Mexico Among Ranks Of Foreign Millionaires With Luxury Real Estate In The U.S.

[Judi Lynn]

12/04/2014 @ 5:38PM 194 views

First Lady Of Mexico Among Ranks Of Foreign Millionaires With Luxury Real Estate In The U.S.

Angélica Rivera, wife of Mexican President Enrique Peña Nieto, owns an ocean-front luxury condominium in Key Biscayne with an estimated value of $3.3 million. She bought it in 2005 for $1.7 million.

Public records show that Rivera, a former soap opera star, financed the condo with a $1.3 million, 30-year mortgage loan. In 2011, 46 days after her wedding to Peña Nieto, Rivera paid off the loan 24 years early.

Rivera is the first First Lady of Mexico- a country where 50% of the population is either poor or extremely poor – known to own luxury property in the U.S., and the first to join the ranks of millionaires with “second homes” in the U.S.

Prominent billionaires in the same category are Carlos Slim Helú, who owns the only private mansion on Fifth Avenue, a century-old Beaux Arts townhouse; mining tycoon German Larrea, who recently purchased a penthouse and an apartment in Chicago’s Ritz Carlton Residence; and media mogul Emilio Azcarraga Jean, who owns an apartment and ocean-front mansion in Miami Beach, and a third residence in Coronado Cays, a high-end residential community near San Diego.

More:
http://www.forbes.com/sites/doliaestevez/2014/12/04/first-lady-of-mexico-among-ranks-of-foreign-millionaires-with-luxury-real-estate-in-the-u-s/

[polly7]

1. I wish she'd invested all that money back into her own country and people instead.

Watching the people who depend on them to make their lives better as they fight to stay alive, provide food for their families, afford even a very poor example of a 'home' (my friend and I escaped the touristy parts of Mexico and rented scooters to drive around the country-side - we were stopped numerous times by police (with guns ready!) who, after asking many questions and seeing our documents, two agreed to pose for pictures with us, lol) saw deplorable conditions that made us cry. Little children were playing in dirt outside their corrugated mis-matched tin 'homes' that looked like one good wind would blow them down, the general air of desperation in some places was obvious. Very sad. These people need help badly.