NEW YORK CITY: Russian Billionaire Buys Apartment For Record $88 Million

Remember when I mentioned that former Citigroup CEO Sanford Weill was selling his apartment for $88M? He found a taker.

Now comes news that Ekaterina Rybolovleva, the 22-year-old daughter of Russian billionaire Dmitriy Rybolovlev, is buying the condominium. Rybolovleva is currently studying at an undisclosed U.S. university and plans to stay in the apartment when visiting New York. According to a source familiar with the sale, she paid the full asking price of $88 million setting a record for highest individual transaction in New York City history.

Weill claims that proceeds from the sale will go to an as yet unnamed charity.