Starbucks CEO Howard Schultz reportedly bought a $40 million glassy penthouse in New York City
Howard Schultz is marking the relinquishment of his Starbucks CEO position in a major way.
He reportedly dropped a cool $40 million on a glassy duplex penthouse at The Greenwich Lane development, sources told The Real Deal.
The property was described as a "jewel box in the sky" by the listing, and it had originally listed for $45 million. The apartment went into contract in February 2015, but the sale just recently closed via an anonymous LLC.
Schultz is expected to step down from his leadership position on April 3, and he will focus on Starbucks' higher-end Reserve line and the company's social initiatives.
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