Like many wealthy buyers, the CEO of corporate giant Garmin GPS purchased the apartment through a limited liability corporation, so until now his identity had not been disclosed. Mr. Kao was born and attended college in Taiwan. Over the past several years he has lived in the U.S. Forbes last year estimated his net worth at $1.6 billion, down from $4.7 billion in 2007, following a decline in Garmin stock.
The list of buyers in this building is definitely a who’s who of business, finance, entertainment and other industries – including actor Denzel Washington, NASCAR driver Jeff Gordon, and musician Sting. Some of the unusual amenities provided in the 57,900-square-foot building bound by 61st and 62nd streets, Central Park West and Broadway include a private dining room for 60 guests, a professional kitchen with a full-time private chef, 29 guest or staff suites/home offices and temperature-controlled wine cellars.