After seven years on the market, former Tommy Hilfiger CEO and co-founder Joel Horowitz has sold hisÂ
gargantuan Lake Tahoe estate for $48 million, significantly under the initial $100 million asking price.
According to The Wall Street Journal, a holding company calledÂ
Tranquil Investments LLC purchased the property.
After lowering the price to $75 million in 2011, Horowitz proposed a deal to potential buyers: He said he would personally finance th… (View original article)