Billionaire's million-dollar Nantucket beach house has officially been swept away

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Barry Sternlicht; nantucket property
Barry Sternlicht's Nantucket property experienced severe erosion, requiring the home to be demolished.

(Photo by Leon Bennett/Getty Images; Earth Explorer)

The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says

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Barry Sternlicht, Chairman and CEO of Starwood Capital Group, speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson
Barry Sternlicht speaks at the 2014 Milken Institute Global Conference in Beverly Hills

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The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says

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Barry Sternlicht
Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.

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The biggest victim of Fed rate hikes is the US government as interest on massive debt soars, billionaire investor Barry Sternlicht says

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Barry Sternlicht
Barry Sternlicht.

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The Fed is throwing 'kerosene on the fire' and needs to end rate hikes as inflation is probably already at 2%, billionaire real estate mogul Barry Sternlicht says

Tech Insider : Economy
Barry Sternlicht
Barry Sternlicht has been a loud critic of Fed policy over the past year.

John Lamparski/Getty Images

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