Bubba Gump CEO Buys $19.5 Million Apartment

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Living the American dream. Photo: mjt/AdMedia/Corbis

Tilman J. Fertitta, the Texas billionaire behind Morton's the Steakhouse, Rainforest Cafe, Bubba Gump Shrimp Co., and 30 other Landry’s Inc.–owned franchises, purchased a massive apartment in Tribeca. His splurge comes days after news broke that Landry's has offered to acquire Ark Restaurant Corp. for $71 million ... in cash. The 4,000-square-foot pad is in a building on York Street that has a Maserati dealership downstairs, which is awkward because Fertitta owns Bentley and Rolls-Royce dealerships. You know what they say: Mo' money, mo' problems. [Earlier, NYO]