Will this be well received by its investors? While his company is in danger of going bankrupt, real estate juggler Rene Benko treats himself to a day of shopping. Of course very appropriate in a private jet.
While dozens of experts try to prevent the collapse of the ailing Signa Group, its founder is apparently busy spending money. According to the newspaper ‘Bild’, Benko was discovered during a weekend trip with his wife Nathalie and their children. We took the private jet to Barcelona to go shopping.
First real estate company goes bankrupt, Benko joins Jet
Things are currently going extremely well within the group: Signa Real Estate Management Germany was the first of approximately 1,000 real estate companies to file for bankruptcy on Friday. Before that, several trading companies had already gone bankrupt.
Benko’s personal belongings are also said to be not in good condition. The Benko Family Private Foundation, based in Innsbruck, would have “only” a few hundred thousand euros available. The so-called third richest Austrian is said to owe 20 million euros through this foundation.
In a luxury hotel on an exclusive shopping street
Apparently not enough reason for the real estate juggler to forego luxury travel. While the crisis meeting was still ongoing on Friday, Benko boarded a private jet from Bombardier Global Express with his wife Nathalie (33) and his offspring. When they arrived in Barcelona, the family stayed in a luxury hotel right on the Spanish city’s most exclusive shopping boulevard. Sunday afternoon we went back to Tyrol. The investor was reportedly seen with many shopping bags.
As the “Krone” reported, other, significantly larger parts of the empire were said to be on the brink. The weekend was the last chance to find risk-taking investors to save the business network and thousands of jobs. As shown by the leaked concept of restructuring expert Arndt Gvezelz, around 500 million euros will be needed by the end of this month.
The luxury yacht Benko will change hands for 40 million euros
Meanwhile, Benko tries to sell private belongings. He offered works of art by Pablo Picasso and Jean-Michel Basquiat for sale. He probably wants to part with his mega yacht “Roma”. This is offered on the platform www.alphayachting.com for almost 40 million euros. The floating luxury temple is 62 meters long and has a top speed of 17 knots. It will include a 27-meter-long water slide, a home theater and several sun decks. She can accommodate 12 guests and 14 crew members.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
