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Fortune
Fortune
Eleanor Pringle

Luxury property billionaire might have seen his fortune become completely worthless overnight after his firm filed for insolvency

Rene Benko during the Grand Opening at Oberpollinger on May 11, 2022 in Munich, Germany. (Credit: Franziska Krug - Getty Images for Oberpollinger/ The KaDeWe Group)

Rene Benko reportedly liked to joke that only the British Royal family and the Pope had a more exclusive property portfolio than him.

After all, the billionaire controlled Signa Holding, a complex web of real estate companies which ultimately held half of New York's Chrysler Building as well as a stake in London's famous Selfridges department store, and more.

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