As the 1% threatens to eclipse the 99%, an apartment in New York sells for a record-breaking $100 million

Rosewood floors throughout

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The Independent US

The Manhattan record for the most expensive condo has been broken and by some margin, with a One57 penthouse overlooking Central Park closing for $100.5 million.

The deal shatters that of the previous holder of the Most Ridiculously Profligate Property Buyer accolade Ekaterina Rybolovleva, the daughter of a Russian fertiliser magnate who bought 15 Central Park West for $88 million in 2012 to live in while she studied at the University of Columbia.

One57 is a 10,293 square foot penthouse that takes up both the 89th and 90th floors, fitted with rosewood floors and Italian marble baths and offering panoramic views of the city so you can sip a Nespresso in your silk pyjamas and laugh at all the tiny ant people on the ground below going about their daily toils.

The identity of the buyer has not been made public.

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The purchase comes as a new report warns that the combined wealth of the world’s richest 1 per cent will overtake that of the remaining 99 per cent by 2016 unless action is taken to curb “shocking extremes” of inequality.

The richest 1 per cent currently own 48 per cent of all global wealth, Oxfam says. Next year that figure is forecast to exceed 50 per cent for the first time.

Using data from Credit Suisse’s latest global wealth report, the charity warns that rising inequality is holding back the fight against global poverty at a time when more than a billion people still live on less than $1.25 (83p) a day.

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